Surgent's Advanced Trust Issues: A Roadmap for Success in An Increasingly Complex Area (TRS4)

Course Details

Date

Monday, January 25, 2021

11:30am – 3:00pm (Registration: 3:01am)

Location

Online

Field of Study

Taxation

CPE Credit

4 hours CPE credit

Level of Knowledge

Advanced

Vendor

Surgent McCoy CPE, LLC

Prerequisites

A basic understanding of simple trusts

Description

Trusts are not cookie-cutter documents. In fact, they can be rather unwieldy, especially in explaining the functions to a client and then having the client comply with the trust terms. This course delves into best practices. Given common scenarios, what are the best trusts to use? What language should the trusts include? And how can the client be best protected?

Highlights

  • Key concepts of trusts, including recent trends; best practices; jurisdiction; and ways to avoid pitfalls
  • Changing a trust
  • Federal estate tax exemption
  • Discussion of federal and state estate taxes
  • The role of family dynamics
  • Choice of trustee and other fiduciaries – a word on institutional representatives
  • Pet Trusts – the emerging necessities
  • State, county, and local issues
  • Portability
  • QTIP issues
  • Creditor considerations
  • Potential IRA problems

Objectives

  • Advise individual clients on the benefits of using a trust to achieve their personal goals while avoiding taxation
  • Save clients money in their estate planning

Designed For

Tax practitioners who advise clients on the benefits of establishing a trust

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$139.00

Non-Member Fee
$181.00

Your Price
$181.00

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