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Grantor Trusts: Uses and Benefits FLEXCAST

Available Until

Your Desk

2.0 Credits

Member Price $98.00

Non-Member Price $113.00

Overview

This course is an invaluable guide for anyone looking to deepen their understanding of Grantor Trusts in estate planning. It offers a thorough examination of GRATs, IDGTs, and QPRTs, providing clarity on their common uses, benefits, and specific reporting instructions. Participants will benefit from learning about the special considerations involved in creating an IDGT, transferring a personal residence to a trust, and the provisions and implications when the terms of a QPRT expire. The course also addresses the possibility of voiding or terminating a QPRT if necessary. By completing this course, you will gain comprehensive knowledge about these crucial aspects of estate planning, equipping you with the expertise to advise clients effectively and make informed decisions regarding the use of Grantor Trusts.

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 do 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.

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Non-Member Price $113.00

Member Price $98.00