The “Baby Boomer” generation will transfer, over the next 30 years, “trillions” of dollars of wealth to the next generation. Professionals will have a key role in preparing accountings, preparing returns, and developing appropriate planning strategies. The professionals will want to focus on the estate transfer function (the deceased party) as well as the financial planning opportunity with the recipient of the wealth (the beneficiary party).
Join Michael as he reviews how advisors can benefit from the enhanced knowledge of various legal principles and terms used in estate and trust planning. He will focus on the various types of trusts, their purposes, and important trust clauses that will facilitate your ability to provide your client with effective planning.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Publication Date: May 2026
Designed For
All tax and estate planning professionals, who desire a better understanding of the legal principles associated with Will and Trust documents. Professionals who wish to review or enhance their skill set in the area of estate and trust planning.
Topics Covered
- Core Estate Planning Documents
- Legal Principles & Definitions Associated with Trusts and Estates
- Review of Various State Provisions for Trusts
- Review of Trust Accounting Concepts including the Uniform Principal and Income Act (UPIA)
- Impact of “Important Trust Clauses”
Learning Objectives
- Explain trust accounting challenges and recognize a professional “niche” consulting areas
- Apply legal principles and definitions
- Describe types of trusts
- Explain the significance of estate, gift and income tax related “clauses”
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
A general understanding of trusts and estates
Advance Preparation
None
Instructor
Michael Miranda
Michael R. Miranda, CPA, NQPA, AEP® is the owner of MIRANDA CPA & Consulting LLC in Sioux Falls, South Dakota. With more than 50 years of experience in taxation, estate planning, retirement plans, and consulting, he advises individuals, businesses, and professional advisors on complex tax and wealth transfer issues.
A nationally recognized speaker, Michael presents professional education programs throughout the United States on federal taxation, estate and gift planning, retirement plans, fiduciary taxation, and emerging tax developments. His practical and engaging teaching style has made him a favorite among CPAs, attorneys, financial advisors, and other tax professionals.
Michael serves on the Boards of Directors of National Advisors Trust Company of Kansas and National Advisors Trust Company of South Dakota and holds the CPA, NQPA, and AEP® professional designations.