Surgent's Advanced Trust Issues: A Roadmap for Success in An Increasingly Complex Area

Wednesday, September 29, 2021
Webcast or Webinar, Online
1:00 PM - 4:30 PM (opens at 12:30PM) EST
4Credits
Technical Business

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$139.00 Regular Price
Non-Members
$199.00 Regular Price
Course Type: Webcast
Course Code: 21/SUTRS405
Level: Advanced
Vendor: Surgent
Field of Study: Taxes

Overview:

Trusts are not cookie-cutter documents. In fact, they can be rather unwieldy, especially in explaining the functions to a client and then having the client comply with the trust terms. This course delves into best practices. Given common scenarios, what are the best trusts to use? And how can the client be best protected?

Objectives:

  • Advise individual clients on the benefits of using a trust to achieve their personal goals 
  • Save clients money in their estate planning

Major Topics:

  • Key concepts of trusts, including recent trends; best practices; jurisdiction; and ways to avoid pitfalls
  • Decanting
  • Federal estate tax exemption and remaining relevance of trusts
  • Irrevocable life insurance trusts
  • The role of family dynamics
  • Choice of trustee and other fiduciaries
  • State trust-friendly considerations
  • Charitable trusts
  • Delaware Statutory Trusts
  • Powers of attorney 
  • Pet Trusts – the emerging necessities
  • State, county, and local issues
  • Portability
  • QTIP issues
  • Creditor considerations
  • Potential IRA problems
  • Problems with re-titling assets

Designed For:

Tax practitioners who advise clients on the benefits of establishing a trust

Prerequisite:

A basic understanding of simple trusts