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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.
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.
CPAs, enrolled agents, and financial advisers
Prerequisite: Basic understanding of income tax
Advanced Preparation: None