Surgent's What CPAs Should Know About Trust InstrumentsSU1327 24

 

Surgent's What CPAs Should Know About Trust Instruments

January 17th, 2025 - January 17th, 2025 @ 10:00AM-12:00PM

Member Price $99
Non-Member Price $129
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Credits

2

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.

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

Prerequisites

A foundation in estate and gift tax and a working knowledge of estate and trust income taxation