Estate Planning - Relative Value Formulas

Are we expected to memorize these formulas for the exam? (i.e., relative value of a taxable gift, realtive value of a charitable gift, etc.)

I hope not. I just try to think through the tax and deferal implication of the various options to re-create the formula, but even then I’ll sometimes forget a piece.

I’ve seen several practice problems on the topic tests and in the schwesr mocks where you needed to know them. I’m going to make sure I know them.

Ideal flash card material…they’re really not that tough to remember…you’ll notice that each one just builds slightly on the last and with a slight adjustment to either the numerator or denominator you can write out all 3 using the same basic logic.