Description

A comprehensive guide to estate planning and the taxation of trusts.

Target Audience

- CPAs

- Financial advisers

- estate attorneys

Course Objectives

'- Identify the elements of a trust.

- Recognize the difference between principal and income as defined by the Uniform Principal and Income Act (UPAIA).

- Identify tax payment and reporting requirements for estates and trusts.

- Distinguish between simple trusts and complex trusts.

- Recall how pooled income funds are taxed.

- Recall the filing requirements for estates and trusts.

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