tAX-665 ESTATE & GIFT TAXATION

TAX 665 Final Project Part I Milestone One Guidelines and Rubric

Propose basic estate planning strategy (without considering trusts) applying the final project fact pattern. Consider valuation, family limited partnerships, unified

credit, and annual exclusion to accomplish long-term minimization of the client’s tax liability. Cite relevant legal authority for your answer. This milestone covers

Section I Parts A and B (excluding trusts).

Specifically, the following critical elements must be addressed:

I. Introduction

A. Create an estate planning strategy, showing versatility of thought, that will minimize estate and gift tax liability over the course of the client’s life

span, potentially another 30 years. Assure that as little future tax liability as possible accrues to his children.

B. Utilize family limited partnerships to accomplish long-term minimization of the client’s tax liability. Consider the mechanics of these estate

planning vehicles and the appropriate authority to cite.

Guidelines for Submission: Your paper must be submitted as a 2–3-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-

inch margins, and at least three sources cited in APA format.

Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value

Introduction: Estate Creates an estate planning strategy

that reflects versatility of thought

and minimizes estate and gift tax

liability over time

Creates an estate planning strategy

but lacks evidence of versatility of

thought or detail in showing how

estate and gift tax liability is

minimized over time

Does not create an estate planning

strategy

40

Introduction: Family Utilizes family limited partnerships

to accomplish long-term

minimization of the client’s estate

tax liability

Utilizes family limited partnerships,

but details do not show a

minimization of the client’s tax

liability

Does not utilize family limited

partnerships

40

Articulation of Response Submission has no major errors

related to citations, grammar,

spelling, syntax, or organization

Submission has major errors related

to citations, grammar, spelling,

syntax, or organization that

negatively impact readability and

articulation of main ideas

Submission has critical errors related

to citations, grammar, spelling,

syntax, or organization that prevent

understanding of ideas

20

Total 100%