The Trust Course FLEXCAST
Available Until
Your Desk
5.0 Credits
Member Price $245.00
Non-Member Price $282.00
Overview
Estate planers continue to emphasize trusts in their planning practices. They are being used for a wide variety of clients - not only the most wealthy, but also for a much broader part of the population. Why? Issues of financial management, asset protection, maturity concerns, matrimonial problems and tax planning can all be addressed with the use of trusts. This Course addresses why trusts are useful and necessary, and provides a survey of a wide range of trusts that are used in all aspects of planning, including simple, complex and grantor trusts, living trusts, life insurance and retirement trusts, trusts to be used in business succession planning, trusts to anticipate possible changes in the tax law, trusts for S corporation shareholders, trusts to be used in charitable planning, and special needs trusts. When they should be used by planners and clients as well as their income, gift, estate and GST tax consequences will be discussed.
Highlights
Basic Characteristics and Elements of Trusts. Living Trusts. Using Trusts to Secure the Benefit of the Marital Deduction. Trust Planning for Children. Using Trusts for Gifts to Charity. Charitable Remainder Trusts. Qualified Personal Residence Trusts (QPRTs). Planning with Intentionally Defective Grantor Trusts.
Prerequisites
None.
Designed For
CPAs and other tax professionals.
Objectives
Gain a practical and up-to-date understanding of how and when planners recommend trusts as part of a life plan and part of an estate plan. Identify the basic trust relationships and how choices of fiduciary and beneficial interests are determined. Understand the many types of trusts available for planning in all types of client situations. Focus on which types of trusts will make sense to recommend to your clients. Look at each type of trust from the viewpoint of its tax consequences. Address recent developments and favorable changes for trust planning.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Siegel, Western CPE
Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States.
Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016.
In conjunction with numerous tax-planning lectures he has delivered for the National Law Foundation, Steven has prepared extensive lecture materials on the following subjects: planning for an aging population, business entities, preparing the audit-proof federal estate tax return, business acquisitions, representing buyers and sellers in sale of a business, dynasty trusts, planning with intentionally defective grantor trusts, estate planning, S corporations, divorce, and many others.
Steven has delivered hundreds of lectures to thousands of attendees in live venues and via webinars throughout the United States on tax, business, and estate planning topics on behalf of numerous organizations, including Western CPE, the Heckerling Institute on Estate Planning, Notre Dame Tax and Estate Planning Institute, CCH, National Law Foundation, AICPA, Yale School of Management, University of Chicago Business School, the National Society of Accountants, Cohn-Reznick, Foxmoor Education, many state CPA societies and estate planning councils, and on behalf of private companies.
He’s presently serving as an adjunct professor of law in the graduate tax program (LLM) of the University of Alabama School of Law, and he has served as an adjunct professor of law at Seton Hall University and Rutgers University law schools.
Steven holds a bachelor’s degree from Georgetown University (magna cum laude, Phi Beta Kappa); a juris doctor from Harvard Law School; and an LLM in taxation from New York University Law School.
Non-Member Price $282.00
Member Price $245.00