An Introduction to Trusts
Date/Time: Monday, January 14, 2013, 1-3 p.m. Eastern
(see all dates)
Presenter(s): Michael J. Tucker, CPA, John Dooling, J.D.
Almost all tax practitioners run into client situations involving the use of trusts. For this reason, each accounting and tax practitioner should have a command of the basic rules for trusts. This program is a basic introduction to how trusts are formed, basic trust language, types of trusts, and some basic tax planning strategies involving the use of trusts. This program will provide tax and accounting practitioners with the foundation upon which more advanced tax planning strategies involving the use of trusts can be built.
- What is a trust from a legal viewpoint?
- Basic trust terminology
- Trust creation, termination, and distributions
- Personal and charitable trusts
- Revocable and irrevocable trusts
- Grantor retained interest trusts
- Charitable remainder trusts
- Understand how trusts are organized legally
- Understand how trusts are used and the different types of trusts
- Apply the concepts learned to client financial and estate plans
Designed For: Any tax practitioner working with clients using or contemplating the use of trusts
Level of Knowledge: Basic
CPE Credits: 2, Taxes
Advance Preparation: None