The Complete Trust Workshop - Connecticut Society of CPAs

Overview

The use of trusts will continue to undergo changes in the current year. Clients need to be informed why planning is essential in these changing times. The purpose of this course is to explore the many beneficial issues of trusts, an essential element in estate planning. This course gives insights and practical pointers concerning trusts of every shape and size after tax reform. Clients will be eager to review their estate plans in light of recent and proposed legislation.

Objectives

Identify the areas of trusts in connection with disability, charity, life insurance, leveraging gifts, principal residences, and minors

Understand the role played by a marital deduction trust and a credit shelter bypass trust

Explain how trusts may protect assets and perpetuate family wealth over multiple generations

Highlights

Timely coverage of breaking tax legislation

Guide to legislative changes and their impact on trust planning

Introduction to trusts with emphasis on typical provisions

Revocable living trusts

Common testamentary trust arrangements -- Bypass trusts, QTIP trusts, and other marital trusts

Asset protection trusts

Sophisticated trusts for estate planning and asset transfer -- GRATs, GRUTs, and QPRTs

Charitable trusts -- Charitable remainder trusts, charitable lead trusts, and pooled income funds

Irrevocable life insurance trusts

Medicaid trusts: special needs and Miller

Trusts for minors -- Sections 2503(b) and 2503(c), and other trusts

Dynasty trusts

Section 461(l) as applied to trusts and estates

Trusts to hold S corporation stock

Special problems of estates and trusts relating to the 3.8-percent tax on investment income and specific solutions

Designed For

Accounting and Financial Professionals who wish to have a complete understanding of the various uses of trusts

Prerequisites

A basic course in estate and gift tax and a basic course on estate and trust income taxation

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Arthur Auerbach, Surgent McCoy CPE, LLC

Leader Bios

Arthur Auerbach, Surgent McCoy CPE, LLC

Arthur Auerbach, CPA, CGMA is an independent tax consultant located in Atlanta, Georgia, specializing in tax consulting and estate and financial planning for individuals and closely held businesses. He is affiliated with the Asbury Law Firm as a consultant. He is a member of the Georgia, Virginia, New York, and Greater Washington CPA societies. Art was appointed to the AICPA Tax Executive Committee for a three-year term beginning February 1, 2018, and ending May 31, 2021. Beginning in May 2021, Art was appointed to be a member of the AICPA Tax Practice and Procedure Committee. He is an active member of the Georgia Society of CPAs and serves on the Georgia Department of Revenue Commissioners Advisory Group, the Financial Literacy Task Force, and Leadership Council, in addition to chairing the GSCPA Federal State Tax Task Force. He is also a member of the Virginia Society’s Tax Committee. He has served as an advisor to the District of Columbia Office of Tax and Revenue and the Tax Commissioners Advisory group in Virginia. Art is a nationally recognized speaker on a variety of tax topics offered for continuing education for CPAs and financial planners. He has authored several publications and articles. Art is licensed in Georgia, Virginia, District of Columbia, and New York, and he is a life member of the American Institute of CPAs.

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