Surgent's What CPAs Should Know About Trust Instruments
October 29th, 2024 - October 29th, 2024 @ 1:00 PM-3:00 PM
| Member Price | $99 |
| Non-Member Price | $129 |
| If you are a member, please login to activate member pricing. | |
Credits
2Description
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.Objectives
- Understand the fundamental legal principles of trust instruments
- Utilize trust instruments to accomplish certain tax results
Major 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