This comprehensive CPE course offers you an understanding of the federal income taxation of trusts and decedents’ estates, along with the effects certain tax scenarios have on the beneficiaries of those trusts and estates. It also discusses some basic planning options that help minimize taxes during income accumulation, distribution, or the transfer of wealth to intended beneficiaries.
Types of trusts
Recognition and realization of income
Elements of an estate
Taxation of Trusts and Estates
Basic concepts of estate planning
When you complete this course you will be able to:
Understand the concept of a trust and the various types of trusts.
Advise clients on filing requirements for Forms 706 and 709.
Identify the elements of an estate and grantor trusts.
Minimize transfer taxes by incorporating exemptions and credits.
Understand statutory provisions that mandate or protect interests of a decedent’s spouse and/or children.
Prerequisite: Basic knowledge of estate and gift taxation
Advanced Preparation: None
Tax Section Members Receive Additional Savings!
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