Type:IndividualProject Unit: BusinessIncome DueDate: Tue,2/27/18 GradingType:Numeric PointsPossible: 100 PointsEarned: 0 DeliverableLength: 450wordminimumLibraryResearchAssignment Mr.andMrs.Ybarra,aretiredcoupleintheirlate70s,comeintomeetwithyou.Theyareveryfriendlyandlivingacomfortableretirementdue,inlargepart,totheoverallsize oftheirestate(nearly$4milliondollarsspreadovermultipleaccounts)andtheirconservativeassetallocation. Asyoubringuptheissueofestateplanning,theythankyouforyourconcern,butexplainthatitisalreadytakencareof.Theygoontoexplainthattheirattorneyhas preparedwillsforbothofthemandalloftheiraccountsaretitledJointlywithRightsofSurvivorship. Therearesurprised,andalittleconfused,whenyoumentionthattheirheirsmightendupreceivingonlyafractionofthoseassetsafterthetwoofthempassaway. IncludethefollowinginyourexplanationtoMr.andMrs.Ybarra: Thetransfertaxsystem Whatisconsideredpartoftheestate Howmuchisexcludedfromtaxationbasedoncurrentlegislation Grossestateversusadjustedgrossestate Pleasesubmityourassignment. Yourassignmentwillbegradedinaccordancewiththefollowingcriteria.Clickheretoviewthegradingrubric. Forassistancewithyourassignment,pleaseuseyourtext,Webresources,andallcoursematerials.
12:03 PM (CST) Privacy Policy Terms of Use About Our Ads Contact Us © 2018 American InterContinental University. All Rights Reserved. Authorized Users Only. Unit 4 Individual Project Assignment Details Assignment Description Library Research Assignment Mr. and Mrs. Ybarra, a retired couple in their late 70s, come in to meet with you. They are very friendly and living a comfortable retirement due, in large part, to the overall size of their estate (nearly $4 million dollars spread over multiple accounts) and their conservative asset allocation. As you bring up the issue of estate planning, they thank you for your concern, but explain that it is already taken care of. They go on to explain that their attorney has prepared wills for both of them and all of their accounts are titled Jointly with Rights of Survivorship. There are surprised, and a little confused, when you mention that their heirs might end up receiving only a fraction of those assets after the two of them pass away. Include the following in your explanation to Mr. and Mrs. Ybarra: The transfertax system What is considered part of the estate How much is excluded from taxation based on current legislation Gross estate versus adjusted gross estate Please submit your assignment. Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric. For assistance with your assignment, please use your text, Web resources, and all course materials. Reading Assignment Pope et al., Chapters CO2, CO3, CO9, CO11 Assignment Objectives Assess the tax consequences of various property transactions Other Information There is no additional information to display at this time. Legend Extra Credit View Assignment Rubric Assignment Overview Type: Individual Project Unit: Business Income Due Date: Tue, 2/27/18 Grading Type: Numeric Points Possible: 100 Points Earned: 0 Deliverable Length: 450word minimum Go To: Assignment Details Learning Materials Reading Assignment My Work: Online Deliverables: Submissions