Estate & Tax Primer

This comprehensive course offers the participant an understanding of the federal income taxation of trusts and decedents' estates, along with the effects certain tax scenarios have on the beneficiaries of those trusts and estates. We will also discuss some basic planning options that help minimize taxes during income accumulation, distribution, or the transfer of wealth to intended beneficiaries. TOPICS DISCUSSED  Types of trusts  Trustee powers  Recognition and realization of income  Elements of an estate  Taxation of Trusts and Estates  Basic concepts of estate planning


LEARNING OBJECTIVES When you complete this course you will be able to:
  • Understand the concept of a trust and the various types of trusts
  • Advise clients on filing requirements for Forms 706 and 709
  • Identify the elements of an estate and grantor trusts
  • Minimize transfer taxes by incorporating exemptions and credits
  • Understand statutory provisions that mandate or protect interests of a decedent's spouse and/or children

Additional Information

Designed For

CPAs, professional accountants with fiduciary tax experience, financial advisors, & estate attorneys


American Institute of CPAs


Basic knowledge of estate and gift taxation

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