Courses

Surgent's What CPAs Should Know About Trust Instruments

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Member Price: $99.00 Non-Member Price: $129.00

Date/Time:: Jan 17, 2025, 10:00am–12:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Taxes: 2.00
Fields of Study:: Taxes
Level:: Intermediate

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.

Objective

Understand the fundamental legal principles of trust instruments
Utilize trust instruments to accomplish certain tax results

Highlights

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

Designed For

CPAS and trust and estate practitioners

Prerequisite

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

Advanced Preparation

None