Estate & Trust Primer - Tax Staff Essentials

August 4, 2025 12:00pm - 4:00pm

Online/Webcast

4.00 Credits

Member Price $225.00

Non-Member Price $269.00

Overview

The tax strategies behind estate planning

Estate planning is vast and complicated. A fundamental understanding of estate and trust taxation is essential to helping clients plan for their futures.

Topics include:

Tax obligations of trusts and estates, and how these obligations affect beneficiaries

The federal income taxation of trusts and decedents' estates, along with the tax effects of specific scenarios for beneficiaries

Planning options that can minimize your clients' taxes while accumulating income and the distribution or transfer of wealth to intended beneficiaries

Detailed explanations of complex estate and trust concepts

Learners build their understanding of the unique tax issues affecting trusts and estates, including:

The taxation of simple and complex trusts, grantor trusts, and electing small business trusts

Fiduciary accounting and the Uniform Principal and Income Act

Deductions and credits available to trusts and estates

Highlights

Types of trusts

Trustee powers

Recognition and realization of income

Elements of an estate

Taxation of trusts and estates

Basic concepts of estate planning

Prerequisites

None

Designed For

CPAs

Financial advisers

Estate attorneys

Objectives

Identify the elements of a trust.
Recognize the difference between principal and income as defined by the Uniform Principal and Income Act (UPAIA).
Identify tax payment and reporting requirements for estates and trusts.
Distinguish between simple trusts and complex trusts.
Recall how pooled income funds are taxed.
Recall the filing requirements for estates and trusts.