Self-Study

Surgent's Complete Trust Workshop (TCTW)

  • Tuesday, March 27, 2018 – Tuesday, April 30, 2019

  • 16
    CREDITS
    Taxes

Clients need to be informed why trust planning is essential in these changing times. The purpose of this course is to explore the many beneficial issues of trusts, an essential element in estate planning. This course gives insights and practical pointers concerning trusts of every shape and size.

Objectives

  • Identify the areas of trusts in connection with disability, charity, life insurance, leveraging gifts, principal residences, and minors
  • Understand the role played by a marital deduction trust and a credit shelter bypass trust
  • Explain how trusts may protect assets and perpetuate family wealth over multiple generations

Highlights

  • Guide to legislative changes and their impact on trust planning
  • Introduction to trusts with emphasis on typical provisions
  • Revocable living trusts
  • Common testamentary trust arrangements -- Bypass trusts, QTIP trusts, and other marital trusts
  • Asset protection trusts
  • Sophisticated trusts for estate planning and asset transfer -- GRATs, GRUTs, and QPRTs
  • Charitable trusts -- Charitable remainder trusts, charitable lead trusts, and pooled income funds
  • Irrevocable life insurance trusts
  • Medicaid trusts: special needs and Miller
  • Trusts for minors -- Sections 2503(b) and 2503(c), and other trusts
  • Dynasty trusts
  • Trusts to hold S corporation stock
  • Impact of historically low APRs on various trust arrangements
  • Special problems of estates and trusts relating to the 3.8-percent tax on investment income and specific solutions
  • Post-election developments relative to potential estate tax repeal, and the implications for planning

Additional Information

Designed For

CPAs who wish to have a complete understanding of the various uses of trusts

Vendor

Surgent

Advanced Preparation

None

Prerequisite

A basic course in estate and gift tax and a basic course on estate and trust income taxation (Form 1041)

Field of Study

Taxes

Course Number

1825178

Level of Knowledge

Intermediate

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