Fiduciary Accounting for Estates and Trusts WEBINAR

Wednesday, November 18 8:00am - 10:00am PST

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2 Credits

Member Price $79.00

Non-Member Price $99.00

Overview

Fiduciary accounting for trusts and estates is one of the least understood branches of accounting. Fiduciary accounting is not particularly concerned with recording income and expenses, but is obsessed with determining when receipts and expenditures are assigned to income or principal/corpus. This course will dive into this tricky area and provide a reporting guide for fiduciary accounting. This event may be a rebroadcast of a live event, with the instructor available to answer your questions either during or after the event.

Highlights

Examine provisions of the Uniform Principal and Income Act. Mandatory and discretionary allocations and adjustments. Trustees ability to override the fallback rules. Review the contents of a proper set of trust accounting statements.

Prerequisites

NONE

Objectives

To provide a working knowledge of the financial accounting rules for estates and trusts. Discuss planning and potential pitfalls.

Preparation

NONE

Notice

NONE

Leader(s):

Leaders

Douglas Van Der Aa

Doug Van Der Aa is a Tax Manager for the Grand Rapids, Michigan firm of Hungerford, Aldrin, Nichols & Carter, PC, CPAs and Consultants, where he specializes in the preparation and review of individual, corporate, estate, trust and partnership tax returns for small and mid-sized businesses; acquisition, and reorganization and financing of corporations, limited partnerships and limited liability companies; complex commercial real estate transactions (Section 1031 tax-free exchanges, leasing, purchase/sale); tax research and planning. Over the past 10 years, Doug has taught several accounting and tax courses for Grand Valley State University, Hope College and Davenport University, as well as served as a speaker for the Michigan Association of CPAs. Doug received his B.S. in accounting from Dordt College and his Juris Doctor from the University of Illinois. He is a member of the MACPA, Michigan State Bar, AICPA and the Economic Club of Grand Rapids.

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Non-Member Price $99.00

Member Price $79.00