Surgent’s What CPAs Should Know About Trust Instruments (SU1330/23)
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January 22, 2024 @ 10:00 am - 12:00 pm
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.
CPAS and trust and estate practitioners
Understand the fundamental legal principles of trust instruments Utilize trust instruments to accomplish certain tax results
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
A foundation in estate and gift tax and a working knowledge of estate and trust income taxation