The Efficacy and Application of 30 Common Trusts

Robert Keebler, CPA, CGMA, CPA/PFS, AEP

Keebler & Associates LLP

  • AFSP
  • CFP
  • CPA
  • EA
  • Tax Preparer
  • CPA/PFS
  • TEP
  • CTEC

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CPD credit (Verifiable) for Trust and Estate Practitioners (TEPs)

2 CPD credit (Verifiable) of Estate Planning for PFSs

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CE credit of Estate Planning for all CFPs (CFP Board Approved : 8061) (Approval No. 290810)

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

2 CE credit of Federal Tax for Oregon Tax Preparers

2 CE credit of Federal Tax for Maryland Tax Preparers

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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

Overview

  • Revocable Living Trust
    1 mins
  • Charitable Reminder Trusts
    19 mins
  • Stand Alone IRA Beneficiary Trust
    31 mins
  • Spendthrift trust
    44 mins
  • Crummey Trust
    52 mins
  • Grantor Retained Annuity Trust
    76 mins
  • 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)

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

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Young CPA