CPAs and Financial Planners Must Know This about Trusts and Estates

  • Accountant
  • AFSP
  • CRTP
  • CFP (US)
  • CFE
  • CGFM
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • MRTP
  • ERPA
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS

Published: January, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Introduction
    5 mins
  • Legal Principles & Definitions
    10 mins
  • Types of Trusts
    61 mins
  • Trust Accounting Concepts
    85 mins
  • Important Trust Clauses
    93 mins

Course Description

Most people think estate planning is about their death. But it’s really not. It’s about your control over your assets — control while you’re living, and control after your death. One of the most basic ways to gain control is through a simple will. But for people with more complex concerns, trust can also come in handy for controlling your assets.

Tax planning takes on more importance when there are different tax rates for individuals and trusts. New ideas for financial planning for retirement must be considered. The purpose of this online CPE/CE course is to explore practical tax-planning ideas that practitioners can use to assist clients with their needs. This online continuing education course will provide you with a practical guide to getting involved in estate planning and administration for CPAs, CFPs, TEPs, CTECs, and Other Professionals who are looking for good ideas that can save clients’ money!

Many times, discussions of trust and estate planning fail to cover how to begin practicing in this field, and what the role of the CPA might be. In this Online CPE/CE webinar, you will learn about the inter-generational transfer of property - focusing on what the CPA and Other Financial Planners should know about trusts and estates. It will cover a broad number of topics ranging from the fundamental legal principles necessary for the trust and estate practitioner to understand. The ability of language in the trust instrument accomplishes a certain tax result.

This Online CPE webinar on Taxes covers the following Key Topics:

  • Legal definitions and principles involving estates and trusts
  • Basic principles regarding property ownership
  • Types of trusts commonly used
  • Trust accounting fundamentals
  • Certain clauses that are important to understand
  • Formula valuation clauses
  • Requirements for a trust to be a qualified designated beneficiary of an Individual Retirement Account
  • Using IRD to fund charitable bequests

Click here for more webinars on Trust, Estate, and Financial Planning.

Robert Keebler is an expert advisor on family wealth transfer. estate tax planning and retirement distribution planning advisor.

Learning Objectives

  • To explore how to read and understand estate planning instruments.
  • To identify basic fiduciary accounting principles and fundamentals.
  • To discuss select planning opportunities and traps.
  • To recognize certain clauses that are Important to understand and basic principles regarding property ownership.
  • To identify requirements for a trust to be a qualified designated beneficiary of an IRA.

Recommended For

  • This Online CPE webinar on Taxes is recommended for CPA, CMA, EA, CTEC, and Other Accounting and Tax Professionals who desire to support their clients to trust and estate planning services.

    Who Should Attend?

    • Accountant
    • Accounting Firm
    • Accounting Managers
    • Accounting Practice Owners
    • Accounts Director
    • Certified Financial Planner
    • Certified Management Accountant (CMA)
    • CFO/Controller
    • Chief Accounting Officer
    • Cloud Accountants
    • CPA (Industry)
    • CPA - Large Firm
    • CPA - Mid Size Firm
    • CPA - Small Firm
    • Enrolled Agent
    • Tax Accountant (Industry)
    • Tax Attorney
    • Tax Director (Industry)
    • Tax Firm
    • Tax Managers
    • Tax Practitioners
    • Tax Preparer
    • Tax Professionals
    • Tax Pros

    Course Qualification

    Webinar Qualifies For

    • 2 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00164-20-S)
    • 2 CPE Credit of Estate Planning for Chartered Special Needs Consultant (ChSNC)
    • 2 CPE Credit of Estate Planning for Chartered Financial Consultant (ChFC)
    • 2 CPE Credit of Estate Planning for Chartered Advisor in Senior Living (CASL)
    • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
    • 2 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0176)
    • 2 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
    • 2 CPE Credit of Estate Planning for Financial Services Certified Professional (FSCP)
    • 2 CPD Credit of Estate Planning for Personal Financial Specialist (PFS)
    • 2 CPE Credit of Estate Planning for Retirement Income Certified Professional (RICP)
    • 2 CPD Credit for Trust and Estate Practitioners (TEP)
    • 2 CPE Credit of Estate Planning for Wealth Management Certified Professional (WMCP)
    • 2 CE Credit of Estate Planning for Certified Financial Planner (US) (Approval No. 290808)
    • 2 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00164-20-S)
    • 2 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00164-20-S)
    • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
    • 2 CE Credit for Certified Wealth Strategist (CWS)
    • 2 General Credit of Taxes for Accountant/Bookeeper
    • 2 CE Credit of Qualified Retirement Plan Matters for Enrolled Retirement Plan Agent (Approval No. GEHNZ-Q-00565-21-S)
    • 2 CPE Credit of Taxes for Certified Government Financial Manager (CGFM)
    • 2 PL Credit of Estate Planning for Certificate In Investment Performance Measurement (CIPM)
    • 2 PL Credit of Estate Planning for Chartered Financial Analyst (CFA)
    • 2 CPE Credit of Taxes for Certified Fraud Examiner (CFE)

    Additional details

    • Course Level :
      Basic
    • Credits :
      2
    • Instructional Method :
      QAS Self Study
    • 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

    Robert Keebler, CPA (US), CGMA, CPA/PFS, AEP

    Partner, Keebler & Associates LLP

    Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 200 favorable private letter rulings including several key rulings of “first impression”. He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 20 years including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference and the Heckerling Estate Planning Institute.
    

    About Company

    Keebler & Associates LLP

    www.keeblerandassociates.com

    At Keebler & Associates, we are nationally recognized tax professionals in family wealth transfer, estates and retirement distribution planning. We provide tax and estate planning to high net worth individuals and families and educate financial, tax and estate professionals on cutting edge tax strategies.

    Faq

    FAQs content

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    • 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

    313 Ratings

    Excellent

    160

    Very Good

    114

    Average

    34

    Poor

    3

    Terrible

    2

    MD

    Michael Dayoub, CFP (US)

    Aug 16th, 2021

    Good review of trusts and wills. I passed the CFP 14 yrs ago -- maybe I forgot a lot of this! Plus good reminders on changes to relevant tax laws.

    KK

    Keith Knabe, CPA (US)

    Dec 15th, 2021

    The instructor covered an amazing amount of material in the short time allocated. But I understood most of it and got a lot out of the class.

    MH

    Michelle Hallstrom, CPA (US)

    Dec 22nd, 2021

    This was a great educational training. I refreshed my knowledge of the different trust types.

    ER

    Edmund Ricker, CFP (US), EA

    Dec 12th, 2021

    Excellent webinar with great practical information and tips that I can use with my clients!

    RP

    Rodney Pettaway, CFE

    Jun 6th, 2022

    This is a good course in helping the student get the foundation of tax laws

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