Broadcast: Estate Planning and Trusts for CPAs
116 | Course | Update | Scheduled
CPAs, although not practicing law, need to understand the basics of estate and trust planning. As usually the first and most trusted planning professional for their clients, this knowledge is critical to fully serving them. The course will cover the types and uses of the various planning alternatives and equip CPAs to advise clients and work with legal counsel to find the best solutions for the client.
|Number of Credits||Type of Credits|
Public Practitioners and Industry CPAs
Estate Planning: Deceased Spouse Unused Exemption (DSUE): Making the decision to file a 706 even when one is not due can pay off for the surviving spouse in the long run. Whether to file or not requires careful consideration and consultation with the surviving spouse and executor.
Lifetime Giving: Future appreciation is out of the estate, but because of basis carryover, tax on the appreciation is still there. With the higher estate tax exemption and basis step up, does lifetime giving still make sense?
Trust Planning: How the various types of trusts may be used for asset preservation, estate planning, exit strategy and business continuation planning, charitable giving and financial management purposes.
- Qualified terminable interest property trusts (QTIP)
- Life estate trusts
- Electing small business trust (ESBT)
- Qualified Subchapter S trusts (QSST): Issues related to foreigners
- Defective grantor trusts
- Revocable grantor trusts
- Irrevocable trusts
- Testamentary trusts
- Spendthrift trusts
- Charitable remainder trusts
- Member (Early Bird)
- Non-Member (Early Bird)