Understanding Trusts and the Trust Documents
We will discuss the purpose of a trust; key words used in trust documents and summarize the common types of trusts practitioners may see in practice. We will conclude the session by interpreting a trust document. The tax implications of a trust will be examined while discussing the trust document.
Objectives
Upon completion of the session, the learner will be able to:
• Summarize reasons why taxpayers would need to create a trust
• Name and define the key words practitioners need to look for in a trust document
• Distinguish between the different types of trusts
• Examine a trust document and recognize what a practitioner needs to understand versus what is required legally and not practitioner related
Details
Jaye Tritz, EA, CFP®
Instructor:
Level:
Intermediate
Prerequisites:
Basic knowledge of individual financial planning
Advanced Preparation:
None
Delivery Method:
Group Live
CPE credits Designation Field of study
IRS
2
AFSP
Federal Tax Law Topic
IRS
2
EA
Federal Tax Law Topic
NASBA
2
CPA
Taxes
CTEC
2
CRTP
Federal Tax Law Topic
CFP Board
2
CFP®
Yes
How to Earn CPE
Sessions are first come, first served. Registration is not required for individual sessions. To earn CPE, scan your badge on your way into each session. You do not need to scan on your way out. CPAs will receive an additional form at registration to self-report their time out. We strictly abide by the IRS’ CPE rules and turn badge scanners off ten minutes after each session begins. We cannot award CPE if your badge isn’t scanned.