1. “Estate Planning” Please respond to the following:Explain the key benefits of estate planning. Provide at least one (1) scenario to show the impact that improper estate planning can have on family members.Determine the financial impact to family members when proper estate planning has been done. Provide a rationale for your response.2. “Types of Trusts” Please respond to the following:Explain the key points to consider when setting up a trust for a beneficiary to reduce the tax burden on the beneficiary. Provide a rationale to support your findings.Differentiate between two (2) types of trusts that you would consider for your own family. Identify the primary advantages and disadvantages of selecting each. Provide support for your findings.3. “Course Review” Please respond to the following:Consider the material covered in this course. Determine two (2) topics that stood out for you, and discuss the main reasons why with the class.Summarize the major benefits of the U.S. corporate tax structure based on what you have learned throughout the course.
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