Course ID: PGTT

A Practical Guide to Trusts

This course provides in-depth information to enable the practitioner to make a well-informed decision as to whether or not a trust is the appropriate vehicle for a client’s financial, estate, and/or asset protection plan, and, if so, how the trust can best be implemented and operated. Participants will learn about the many different types of trusts that can be harnessed to save clients income, estate, generation-skipping, and other taxes, at both the federal and state level.


LEARNING OBJECTIVES
  • To provide a practical understanding of when and how to implement and operate a trust in a client’s financial, estate, and/or asset protection plan.

MAJOR TOPICS
  • The role of the trustee and how to avoid problems
  • How to use trusts to avoid probate
  • How revocable living trusts are affected by income, gift, and estate taxes
  • How an irrevocable trust can be the center of an estate plan
  • Advantages of an irrevocable life insurance trust
  • How to create a dynasty trust
  • Why a GRIT, GRAT, GRUT, or QPRT can be a good estate planning tool
  • Trust options to provide security for older clients
  • Advantages, tax consequences, and limits on charitable contributions and private foundations
  • Charitable remainder and charitable lead trust issues
  • How trusts can serve as asset protection devices
  • Business trust issues

DESIGNED FOR
CPA, financial planners

FIELD OF STUDY
Taxes

PREREQUISITES
None

COURSE PRODUCER
Werner-Rocca Seminars LTD

CPE CREDITS
8.0

LEVEL
Basic

This course is avaliable for your group as:

Group Live
 

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