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Basics of Trusts (“Trusts 101”) in estate planning and elder law

  • Accountant
  • CPA (US)
  • CVA
  • CFA
  • TEP
  • ChFC
  • CSA
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

When someone hears the word "Trust" - there are usually certain images that come to mind. Things like "wealthy trust fund babies" and elderly individuals with high net worth, to name a few. The truth is; however, more people benefit from having Trust than you probably think.

Trust is a very useful and flexible tool for estate planning, yet it is probably the most underused estate management technique. A trust is an artificial entity, something like a corporation, created by a document or instrument.

A trust requires four basic elements - trustee, trust property, trust document, and known or discernible beneficiaries. The trust document specifies the rules of operation for the trust, the powers of the trustee, the beneficiaries to share in the income and principal from the trust, and instructions for the distribution of the trust property.

Following are the major topics covered in this CPE Finance course:

  • Present the historical foundations of trust law in common-law jurisdictions.
  • Introduce attendees to the basic terminology of trusts.
  • Illustrate how trusts are created.
  • Explore how trusts can be effectively utilized to help your clients realize their goals.

This CPE course is an introduction to the topic of trusts and their uses in estate planning.

You might be interested in our Certification courses on Estate Planning - Fundamental (CEPF) | Estate Planning Specialists for IRAs(EPIRA)

Learning Objectives

  • To identify the main parties to a trust.
  • To explain how trusts can be legally created, funded, and dissolved.
  • To discuss the most common uses of trusts in estate planning, and thereby be able to assess their usefulness for clients in a variety of circumstances. 

Recommended For

  • This CPE/ CE course is recommended for CPA(US), CFA, CIPM, CVA, CBA/MCBA, ChFCA, CASL, ChSNC, RICP, WMCP, FSCP, PFS, TEP, CSA, CFIRS, CWS, and Other Finance Professionals who desire to learn about trusts and their uses in estate planning. 

Who Should Attend?

  • Certificate in Investment Performance Management
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Chartered Financial Analyst
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Trust & Estate Specialist
  • Trust & Estate Tax Professional
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Gift And Estate Planning for Certified Valuation Analyst (CVA)
  • 1 PL Credit of Estate Planning for Chartered Financial Analyst (CFA)
  • 1 CPD Credit of Estate Planning for Personal Financial Specialist (PFS)
  • 1 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1 CPE Credit of Estate Planning for Chartered Financial Consultant (ChFC)
  • 1 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
  • 1 CPE Credit of Estate Planning for Financial Services Certified Professional (FSCP)
  • 1 CPE Credit of Estate Planning for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Estate Planning for Chartered Special Needs Consultant (ChSNC)
  • 1 CPE Credit of Estate Planning for Retirement Income Certified Professional (RICP)
  • 1 CPE Credit of Estate Planning for Wealth Management Certified Professional (WMCP)
  • 1 PL Credit of Estate Planning for Certificate In Investment Performance Measurement (CIPM)
  • 1 CPE Credit of Gift And Estate Planning for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
  • Advance Preparation :


MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


About Presenter

Nathan Shoff

Associate Attorney, Lacy Katzen LLP Attorneys at Law

Nathan compassionately assists clients facing the inevitable challenges of aging, sickness, and death, by counseling clients on how to put the best estate plan in place for their needs. This involves guidance on what form of estate plan is most appropriate, whom to appoint as fiduciary of that plan (Power of Attorney Agent, Trustee, Executor), and what kind of property beneficiaries (children, grandchildren, charities, etc.) should receive after a person’s death.  Over more than fifteen years in practice, Nathan has assisted many individuals and families with planning ahead for their incapacity and death through the effective drafting of Health Care Proxies, Living Wills, Last Wills, Powers of Attorney, Revocable and Irrevocable Trusts.

As part of planning for the elderly and disabled individuals, Nathan will also counsel clients on what public benefits may be available to help pay for a client’s long-term care. This often involves navigating the complex rules and regulations of the Medicaid program in New York, in order to preserve clients’ assets as much as possible, while still obtaining the Medicaid coverage needed to pay for their long-term medical needs.

After the passing of a loved one, Nathan assists the fiduciary (Trustee, Administrator or Executor) with the administration of that person’s estate, to ensure that the final wishes expressed in their estate planning documents are fulfilled. This process may involve the probate of a Last Will or other Court proceeding, which Nathan walks clients through with careful precision.  Additionally, Nathan works tirelessly to advocate for clients who are beneficiaries of a decedent’s Estate, to make sure that such beneficiaries receive everything to which they are entitled.

A Western New York native, Nathan graduated summa cum laude from Canisius College with a dual major in political science and modern languages, before graduating magna cum laude from SUNY Buffalo School of Law in 2006.  Nathan is licensed to practice law in New York State.  Over his many years of practice in New York, Nathan has given several public and private seminars on various estate planning topics, including the proper preparation and use of Powers of Attorney, Wills, and Trusts, as well as effective methods of naming trusts as beneficiaries to IRAs.

About Company

Lacy Katzen LLP Attorneys at Law

Difficult legal situations of any kind require the assistance of a smart and compassionate team of lawyers. At Lacy Katzen LLP, clients in Rochester, NY, and the surrounding area will find comfort in the hands of their knowledgeable attorneys. Their staff is dedicated to creating a unique strategy for every situation, from business law and wealth management to personal injury and wrongful death cases. 

Additionally, as a full-service law firm, Lacy Katzen has the resources to help your business plan for the coming future. Whether you’re planning a merger or looking to start a new organization, their talented business law team will be there for you.


FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review


59 Ratings



Very Good









Dawn Werner, CPA (US)

Jul 15th, 2022

I had to log out and log back in because the screen was black


Michelle Lalla, CPA (US)

Sep 22nd, 2022

Very informative


Elizabeth Angle, CPA (US)

Jul 15th, 2022



David Stillman, Accountant

Jul 15th, 2022

instructor was really good had so much to cover could have used some more time


Daniel Krzak, CPA (US)

Jul 15th, 2022

The presentation of the materials was fine. The issue was the presenters lack of care for the the attendees time. There were 3 polling questions. The second poling question was at the 50 minute mark. When the 1 hour mark hit we still have yet to get the 3rd polling question and multiple participants had business meeting to get to including myself. At the 1 hour and 3 minute mark the presenter still had multiple slides left with no end in sight because he just kept talking. The presenter should have the polling questions done during the allotted timeframe so people don't get screwed out of their CPE. If he wants to keep talking after that's fine as long as people can leave and still get their CPE.

Basics of Trusts (“Trusts 101”) in estate planning and elder law


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