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Fundamentals of Trusts

Author/Moderator: Edward L. Perkins, JD, LLM, CPA
Publisher: AICPA
Availability: In Stock
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Description

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Learn the fundamental concepts regarding the creation and administration of trusts, concepts which prove essential in understanding trust documents and preparing the relevant tax returns. This comprehensive course demonstrates numerous basic trust concepts and provides a basic understanding of the outline of any legitimate trust document.

Topics Discussed:

  • Learn Why a Trust is Created and its Benefits
  • Learn the Way Trust Provisions are Written and the Effect on Parties and Income Tax
  • Identify the Parties of the Trust and Learn the Respective Duties
  • Identify How to Select a Trustee and the Tax Considerations Available to be Made
  • Identify Whether a Trust is a Simple, Complex or Grantor Trust for Tax Purposes
  • Learn How to Select the Governing Jurisdiction for Tax Purposes
  • Case studies-Trust Agreement(s)

Learning Objectives:
From this course, you will understand why a trust may prove beneficial and why the implementation thereof may be considered for estate planning purposes, how to read and understand a trust’s provisions, selection and responsibilities of the various parties, and the best type of trust to use in order to achieve certain estate and income tax objectives.

Intended Audience
CPAs, enrolled agents, and financial advisers

Prerequisite: Basic understanding of income tax

Advanced Preparation: None

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Videocourse Details

NASBA Field of Study: Taxes
Level: Basic
Recommended CPE Credit: 8
Fundamentals of Trusts
Text , 2014
Product# 730922
Availability: In Stock
Regular:$193.75
AICPA Member:$155.00
Your Price:$193.75
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