Introduction to Trusts
Date: Tuesday, May 20, 2025
Instructor: Daniel Johnson
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
1 hour for CPAs |
|
This course provides an introduction to trust fundamentals, including their mechanics, key parties, and common uses. Participants will explore trust accounting, taxation, and the specific trusts utilized in estate planning. The session will also cover the modification and termination of irrevocable trusts to address changing needs and objectives.
Topics Covered
- Trust Basics
- Mechanics
- Parties
- Uses
- Duration
- Trust Accounting and Taxation
- Specific Trusts Used in Estate Planning
- Modifying or Terminating an Irrevocable Trust
Learning Objectives
- Explain the fundamentals of trusts, including mechanics, parties, uses, and duration
- Understand trust accounting principles and taxation requirements
- Identify specific types of trusts commonly used in estate planning
- Evaluate scenarios for modifying or terminating irrevocable trusts
- Apply trust concepts to estate planning strategies
Level
Overview
Instructional Method
Group: Internet-based
NASBA Field of Study
Specialized Knowledge and Applications (1 hour)
Program Prerequisites
None
Advance Preparation
None
