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
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