Overview
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Revocable Living Trust
1 mins
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Charitable Reminder Trusts
19 mins
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Stand Alone IRA Beneficiary Trust
31 mins
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Spendthrift trust
44 mins
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Grantor Retained Annuity Trust
76 mins
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Qualified Terminal Intrest Trust
80 mins
Course Description
When you hear the words “trust” or “trust fund”. the first image that may come to mind is a wealthy family in a mansion with inherited wealth passed down from generation to generation. However, you don’t have to be a member of the Rockefeller or Gates families to set up and benefit from a trust. A trust is a legal vehicle that allows a third party, a trustee, to hold and direct assets in a trust fund on behalf of a beneficiary. A trust greatly expands your options when it comes to managing your assets, whether you’re trying to shield your wealth from taxes or pass it on to your children.
Trust terminology can unfortunately be very confusing. A 100-page document is often named using the terms of a single-clause. However, practitioners must navigate this strange practice if they are to effectively advise their clients. In this presentation, I will cover 30 of the most popular types of trusts and explain in what situations they are generally effective for clients.
Highlights of the webinar :
- Revocable Living Trust (RLT)
- Irrevocable Trusts
- Simple Trusts; Complex Trusts
- Intentionally Defective Grantor Trust (IDGT)
- Charitable Remainder Trust (CRT)
- Charitable Lead Trust (CLT)
- Irrevocable Life Insurance Trust (ILIT)
- Stand-Alone IRA Beneficiary Trust
- Special Needs Trust (SNT)
- Minor Trust
- Spendthrift Trust
- Blind Trust
- Discretionary v. Non-Discretionary Trust
- Medicaid Trust
- Crummey Trust
- 2642(c) Trust
- Bypass Trust (B-Trust or Credit Shelter Trust)
- Qualified Terminal Interest Property Trust (QTIP Trust or marital trust)
- Dynasty Trust (GST Exempt Trust)
- Grantor Retained Annuity Trust (GRAT)
- Grantor Retained Unitrust (GRUT)
- Grantor Retained Income Trust (GRIT)
- Spousal Lifetime Access Trust (SLAT)
- Qualifying Domestic Trust (QDOT)
- Qualified Personal Residence Trust (QPRT)
- Incomplete Gift Non-grantor Trust (ING)
- Domestic Asset Protection Trust
- Foreign Trust
- Electing Small Business Trust (ESBT)
- Qualified Subchapter S Trust (QSST)
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Learning Objectives
- To identify how trusts may protect assets and perpetuate family wealth over multiple generations
- To identify the areas of trusts in connection with disability, charity, life insurance, leveraging gifts, principal residences, and minors
Recommended For
- This online CPE webinar for CPAs is recommended for all the finance professionals such as CFP, PFS, TEP involved in trust and estate planning for their clients.
- This IRS approved CE course is recommended for EAs, AFSPs, and other tax professionals desiring to learn the aspect of trust and estate planning for tax planning.
Who Should Attend?
- Accountant
- Accounting Firm
- Accounting Managers
- Accounting Practice Owners
- Accounts Director
- Certified Financial Planner
- CPA - Mid Size Firm
- CPA - Small Firm
- CPA in Business
- Enrolled Agent
- Entrepreneurial Accountant
- Entrepreneurial CPA
- Senior Accountant
- Tax Accountant (Industry)
- Tax Attorney
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Tax Pros
- Trust & Estate Tax Professional
- Young CPA