Estate & Trust Primer

Strengthen your knowledge of strategic estate planning.

6/6/2023 8:00am - 12:00pm  |  Online  |  AICPA

Members: $213.00, Non-members: $261.00

CPE Categories: Taxation (4 CPE)

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Description

Have a strategy in place for taxes in estate planning

Learn how best to manage:

- Tax obligations of trusts and estates, and how these obligations affect beneficiaries

- The federal income taxation of trusts and decedents' estates, along with the effects certain tax scenarios have on beneficiaries

- Planning options that can minimize your clients' taxes during income accumulation, and the distribution or transfer of wealth to intended beneficiaries

Updated with details from SECURE 1.0 and 2.0, this webcast shares what you need to know to help clients optimize their estate tax plan in light of recent legislation.

Instructor: William Murphy

Target Audience

CPAs

financial advisers

estate attorneys

Course Objectives

Identify the elements of a trust.

Identify the elements of an estate.

Identify the elements of a grantor trust.

Recognize the unused deductions passthrough to beneficiaries upon termination of an estate or trust.

Recall when the Form 1041 return must be filed.

Subjects

Types of trusts

Trustee powers

recognition and realization of income

elements of an estate

Taxation of trusts and estates

basic concepts of estate planning

Effects of recent legislation on estate planning opportunities

Prerequisites

Basic understanding of business taxation