Lecture Advanced accounting (12/e): Chapter 19 - Joe B. Hoyle, Thomas F. Schaefer, Timothy S. Doupnik

Chapter 19 - Accounting for estates and trusts. After studying this chapter, you should be able to: Understand the proper methods of accounting for and administering an estate and the corresponding legal terminology; describe the types of estate distributions and identify the process of asset allocations and distributions from an estate; understand the federal estate tax and state inheritance tax systems, the corresponding exemptions, and tax planning opportunities;...