Surgent's What CPAs Should Know About Trust Instruments

This is a survey course on the intergenerational transfer of property -- focusing on what the CPA should know about trust instruments. It will cove...

11/2/2021 12pm - 2pm | Online | Surgent

$89.00

CPE Categories: Taxation (2 CPE)

Description

This is a survey course on the intergenerational transfer of property -- focusing on what the CPA should know about trust instruments. It will cover a broad number of topics ranging from the fundamental legal principals necessary for the trust and estate practitioner to understand, to the ability of language in the trust instrument to accomplish a certain tax result.

Target Audience

CPAS and trust and estate practitioners

Course Objectives

Understand the fundamental legal principles of trust instruments
Utilize trust instruments to accomplish certain tax results

Subjects

Legal definitions & principals involving estates & trusts
Basic principles regarding property ownership
Types of trusts commonly used
Trust accounting fundamentals
Certain clauses that are important to understand
Formula valuation clauses
Requirements for a trust to be a qualified designated beneficiary of an IRA
Using IRD to fund charitable bequests

Prerequisites

None