Webinar (CA): Everything You Need to Know About Trusts

Description

An overview of trust laws and a review of general concepts. Common structures and progress for reviewing more advanced trust planning issues. Extensive coverage of the use of trust protectors. Master advanced techniques related to income, gift and estate tax planning using trusts; succession planning; trust administration; special needs planning; and asset protection use of most common trusts. Discussion covering various trusts and portability versus A-B and A-B-C trusts.

Learning Objectives

• Identify income tax, gift tax and estate tax aspects of various types of trusts.
• Determine requirements for a valid trust, selecting trustees, trustee discretion, distribution clauses and probate avoidance.
• Recognize how to avoid Proposition 13 reassessment.
• Recall estate planning and asset protection planning uses of different trusts.
• Identify advanced tax, estate, succession, retirement, special needs and asset protection planning using trusts.
• Recognize common obstacles and pitfalls, such as selection of trustee and property tax reassessment, and how to plan around them.

Major Topics

• Trust obstacles and pitfalls
• Revoking irrevocable trusts
• Trust protectors
• Succession planning, retirement planning and estate planning through trusts
• Special needs and Medi-Cal/Medicare planning
• Tax planning with trusts, including, GRATs, QPRTs, IDGTs, etc.
• Planning with A-B and A-B-C (QTIP) trusts
• Asset protection through domestic and foreign trusts

Provider
California CPA Education Foundation
Course Level
Intermediate
CPE Field of Study
Tax
8
Who Should Attend

CPAs, attorneys and financial planners.

Instructor(s)
Kenneth Kossoff
Prerequisites

General knowledge of income, estate and gift taxes.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Dec 2, 2021
9:00 am - 4:30 pm MDT
Location
Webinar
Total CPE Credits
8
Format
Webinar

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Webinar (CA): Everything You Need to Know About Trusts


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