Surgent's What CPAs Should Know About Trust Instruments

Overview

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.

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

Prerequisites

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

Designed For

CPAS and trust and estate practitioners

Objectives

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

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by Surgent. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.