LEARNING OUTCOMES

TOPICS TO BE DISCUSSED

SPECIFIC OBJECTIVES OF THE TOPICS OR SUBTOPICS

Understand the transfer taxes, Estate taxes and the theories justifying the imposition of estate tax

Defining transfer taxes, its different kinds and types; estate taxes and what we need to know about it

Gain a fundamental background on transfer taxes, donor’s taxes, estate taxes

Learn the composition of gross estate (resident or citizen)

Focusing on the gross estate such as real property, tangible property, and property subject of transfer in contemplation

Understand the scope and overall composition of the gross estate, what it includes, and which is revocable

Appreciate succession and its basis

Discus the transmission to the heirs, will and testaments by operation of law

Understand the basis of succession in detail, its requisites, and elements

Gain a deep understanding on the kinds of heirs

Discus in detail the different kinds of heirs and designations

Understand the different kinds of heirs, primary heirs and secondary heirs

Master the facts and principles covered in the lesson

Short Quiz

Gain mastery of the principles and applications covered in the module