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Options for Clients with Charitable Remainder Trusts (CRTs)

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CSA
  • Maryland Tax Prep.
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

With the political risk of increasing income tax rates on the wealthiest taxpayers, client interest is growing in using charitable remainder trusts as a planning device not only to benefit charity but to also reduce income and transfer taxes, especially when a taxpayer has appreciated property.

Charitable remainder trusts are unique tools that allow clients to attain significant income and estate tax advantages while satisfying charitable intent. It is often possible to make a significant charitable bequest while receiving substantial income tax and estate tax advantages. In a time when estate tax planning has become a lesser priority for most clients, a charitable remainder trust can be an effective mechanism for dealing with low basis and low-income assets.

Attendees in this CE/CPE course will learn everything about Charitable Remainder Trusts (CRTs).

At its inception, a charitable remainder trust (CRT) is usually a perfect fit for a client’s situation. It’s just the right kind of CRT, has just the right payout rate, has just the right beneficiaries, etc. But a CRT is an irrevocable trust—its terms cannot be changed—and usually spans decades of a client’s life.

Over time, this combination—an inflexible trust on one hand and a client’s changing life on the other—can lead to a misalignment between the client’s situation and the CRT. In these cases, some form of secondary planning is probably in order.

In this CE/CPE webinar Evan Unzelman, President of Sterling Foundation Management will discuss the range of options available to clients who have CRTs and how to determine which option, if any, is a fit for a given client. 

Learning Objectives

  • To explain CRTs.
  • To discuss the different types of CRTs.
  • To analyze why CRTs are created, and how they function after creation.
  • To analyze how the IRS views the client’s income interest in a CRT.
  • To inspect the options available to clients with respect to their income interests: gift the income interest to charity, terminate/commute the CRRT, sell the income interest to a third-party buyer, and complete a CRT rollover.
  • To analyze how to review a client’s CRT to determine which option, if any, is the best fit for the client.

Recommended For

  • This IRS-Approved CE/CPE webinar is recommended for AFSPs, CPAs, EAs, PFSs, TEP, CRTP, Tax Preparers, Tax Professionals, Tax Directors, Tax Practitioners, and Tax Attorneys engaged in advising their clients over Charitable Remainder Trusts (CRTs).

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals

Course Qualification

Webinar Qualifies For

  • 1 CE Credit for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0836)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal Tax Related Matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00897-22-O)
  • 1 CE Credit of Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00897-22-O)
  • 1 CPD Credit for Personal Financial Specialist (PFS)
  • 1 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1 CE Credit of Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00897-22-O)
  • 1 CE Credit for Certified Senior Advisor (CSA)
  • 1 CPE Credit for Retirement Income Certified Professional (RICP)
  • 1 CPE Credit for Financial Services Certified Professional (FSCP)
  • 1 CPE Credit for Chartered Financial Consultant (ChFC)
  • 1 CPE Credit for Wealth Management Certified Professional (WMCP)
  • 1 CPE Credit for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit for Chartered Special Needs Consultant (ChSNC)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

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

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

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: www.NASBARegistry.org.

CTEC APPROVED

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

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Evan Unzelman

Owner, Sterling Foundation Management, LLC

With twenty years of specialized experience in the field of private foundations and charitable remainder trusts (CRTs), Evan Unzelman has risen quickly through the ranks of charitable and tax planning.


Evan began his career at a multifamily office, where he provided comprehensive solutions to the unique challenges faced by affluent families. In 2006, he joined Sterling, where he oversaw the administration of all the firm's charitable clients: private foundations (non-operating and operating), supporting organizations and public charities.


In 2008, he was tasked with the expansion of the firm’s CRT secondary planning services. Since then, he has played a key role in Sterling’s growth into the country's leading provider of planning services for clients with existing CRTs and their tax, legal and financial advisors.


Evan was elevated to Chief Operating Officer in 2010 to expand and sharpen Sterling’s service offering for charitable donors and their advisors. Key accomplishments while COO include overseeing the launch of Sterling's Donor-Advised Fund and developing the CRT rollover, a groundbreaking planning technique designed for clients who wish to change something about their CRT.


In 2015, he was promoted to President of Sterling, expanding his responsibilities to include the supervision of all aspects of Sterling’s business.


Evan is a sought-after speaker and writes frequently on charitable planning topics to a variety of audiences including attorneys, CPAs and financial advisors. He has particular expertise in all facets of CRT planning: up-front design and structure selection (Standard CRUT, NIMCRUT, Flip CRUT or CRAT), implementing the chosen structure, reviewing existing CRTs for potential secondary planning (sale of income interest or CRT rollover), and helping clients and their advisors successfully navigate the sale and rollover processes.


His articles have appeared in publications such as Estate Planning, NAEPC’s Journal of Tax & Estate Planning, Taxation of Exempts, Atlanta Bar Association’s The Mortmain, Wealth Strategies Journal and Atlantic Trust’s Trusted Advisor. He was the lead editor of Managing Foundations and Charitable Trusts (John Wiley & Sons), which is largely regarded as the definitive guide to managing charitable entities.

About Company

Sterling Foundation Management, LLC

www.sterlingfoundations.com

Sterling Foundation Management is the oldest national private foundation management firm in the United States and serves many of the country’s most active philanthropists and their advisors. The firm provides highly personalized management services to private foundations (non-operating and operating), supporting organizations, public charities, and other charitable entities. 

In addition to management services, Sterling offers thought leadership and sophisticated advice to help donors define, focus, and maximize the impact of their philanthropy.

Sterling is the nation’s leading provider of secondary planning services for clients with Charitable Remainder Trusts (CRTs). The firm has been active in the market since 2003 and reviewed thousands of CRTs for clients and their advisors.

Sterling does not:

  • Manage or custody assets
  • Provide tax, legal or investment advice
  • Prepare tax returns

Faq

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.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the 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.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.4

50 Ratings

Excellent

26

Very Good

19

Average

4

Poor

1

Terrible

0

MS

Mark Silah, CFP (US), CPA (US), TEP

Feb 24th, 2022

Excellent webinar. Evan was knowledgeable and effectively communicated the information

CF

Chrishanthi Fernandopulle, EA

Feb 24th, 2022

the course met my expectation, thanks

AM

Alfred Morrow, CPA (US)

Feb 24th, 2022

Wonderful and informative

CN

Chuck Nguyen, CPA (US)

Feb 24th, 2022

great experience!

TH

Thuong Hoang, CPA (US)

Feb 24th, 2022

good

Options for Clients with Charitable Remainder Trusts (CRTs)

FREE

1 Credit

Subject Area

Taxes

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