Course ID: TRUS

Income Taxation of Trusts: Minimizing Your Clients Taxes


Give clients the confidence they need to entrust you with the future of their assets. Learn how to create and administer trusts using fundamental concepts that are essential to understanding trust documents and the preparation of relevant tax returns. This comprehensive course demonstrates critical concepts and provides a foundational understanding of trust documents.


LEARNING OBJECTIVES
  • Identify the nature of a trustee’s fiduciary duty.
  • Identify the elements of a trust.
  • Recognize different types of trusts.
  • Understand the laws that govern a trust.
  • Understand how modern portfolio theory impacts trust investing.
  • Identify how a trust is created
  • modified
  • amended
  • or terminated.
  • Demonstrate the various uses trusts can serve in an estate plan.
  • Highlight the significance of the Uniform Principal and Income Act.
  • Understand how trusts are taxed.

DESIGNED FOR
CPAs and financial planners with basic knowledge of federal income tax concepts

PREREQUISITES
None

CPE CREDITS
8.0

LEVEL
Basic

This course is available to be scheduled as:

Group Live On-Demand - 8+ hours On-Demand Self Study
 

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Or, contact BLI: 888-481-3500 or learn@blionline.org