Grantor Trusts: Uses and Benefits FLEXCAST
Available Until
Your Desk
2.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
In this course from Claudia Hill, she will take you through a frequently used estate planning tool, Grantor Trusts. This course will especially focus on the use of GRAT’s (Grantor Retained Annuity Trusts), IDGTs (Intentionally Defector Grantor Trust), and QPRT (Qualified Personal Residence Trusts). We will talk about how these are used, the benefits of using them, and cover specific filing requirements- how they get reported, how they get integrated into the grantor’s personal return, or whether a 1041 needs to be done.
Highlights
Grantor Type Trusts. Taxation and Trusts. Estate Tax Freeze.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents and attorneys.
Objectives
Grantor Type Trusts. Most Common Uses of Grantor Trusts. Special Reporting Instructions. Advantage and Disadvantages of creating an IDGT. GRIT’s, GRAT’s, and GRUT’s. Transferring a Personal Residence to a Trust. QPRT with Grantor Retained Interest Provision. When the Terms of PRT or QPRT Expire?. Is It Possible to Void or Terminate the QPRT if it is no Longer Needed?. Intentionally Defective Grantor Trust (IDGT).
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
Claudia Hill, Western CPE
Claudia Hill, EA, MBA, is a nationally recognized tax professional and a frequent lecturer on taxation of individuals and representation before the IRS. She’s the editor in chief of CCH’s Journal of Tax Practice & Procedure, coauthor of CCH Expert Treatise Library: Tax Practice and Procedure, and a frequent presenter for both live and audio CPE seminars. Named a Top Ten Nominee by Tax Analysts as 2011 Person of the Year, she coordinates a “dream team of tax controversy advisors” for the IRS Watch blog on Forbes.com.
Claudia served on the 1987 Commissioner’s Advisory Group to the National Office of the IRS. She’s the owner and principal of TaxMam, Inc. and TMI Tax Services Group, Inc. in Cupertino, California. TMI offers quality tax return preparation, tax advisory services, and controversy representation services to small businesses and individual taxpayers.
Non-Member Price $113.00
Member Price $98.00