Self-Study

Surgent's The Complete Trust Workshop (TCTW)

  • Wednesday, January 29, 2020 – Friday, April 30, 2021

  • 16
    CREDITS
    Taxes

The use of trusts will continue to undergo changes in the current year. Clients need to be informed why 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 after tax reform. There are many benefits to trusts, even with the great increase in the estate and gift tax exclusion under the Tax Cuts and Jobs Act.

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, including the Tax Cuts and Jobs Act
  • 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
  • Special problems of estates and trusts relating to the 3.8-percent tax on investment income and specific solutions

Additional Information

Designed For

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

Vendor

Surgent

Advanced Preparation

None

Credits

16.00 Taxes

Prerequisite

None

Course Number

2024264

Level of Knowledge

Intermediate

Add to Cart

View All Courses