Advanced Trust Issues: A Roadmap for Success in An Increasingly Complex Area (4 hours - morning) - Webcast
Overview
Trusts are not cookie-cutter documents. In fact, they can be rather unwieldy, especially in explaining the functions to a client and then having the client comply with the trust terms. This course delves into best practices. Given common scenarios, what are the best trusts to use? And how can the client be best protected?
Highlights
- Key concepts of trusts, including recent trends; best practices; jurisdiction; and ways to avoid pitfalls
- Decanting
- Federal estate tax exemption and remaining relevance of trusts
- Irrevocable life insurance trusts
- The role of family dynamics
- Choice of trustee and other fiduciaries
- State trust-friendly considerations
- Charitable trusts
- Delaware Statutory Trusts
- Powers of attorney
- Pet Trusts - the emerging necessities
- State, county, and local issues
- Portability
- QTIP issues
- Creditor considerations
- Potential IRA problems
- Problems with re-titling assets
Prerequisites
A basic understanding of simple trusts
Designed For
Tax practitioners who advise clients on the benefits of establishing a trust
Objectives
- Advise individual clients on the benefits of using a trust to achieve their personal goals
- Save clients money in their estate planning
Leader(s):
Leader Bios
J. Randy Gardner, Surgent CPE
Randy Gardner, JD, LLM, MBA, CPA, CFP ® Randy Gardner, JD, LLM, MBA, CPA, CFP ® is a professor of Tax and Financial Planning and director of the Certificate in Financial Planning program at the University of Missouri - Kansas City. He is a coauthor of several books on tax issues and is also a highly rated discussion leader. In addition to teaching, Mr. Gardner works as a tax and financial planning consultant for several accounting firms and over 200 individual clients. He also serves on the Editorial Board of The Journal of Financial Planning and on the Board of Examiners of the Certified Financial Planner Board of Standards, and he is a member of the Missouri Society of CPAs. Mr. Gardner earned a Bachelor of Arts degree, cum laude, from Harvard University, his JD and MBA degrees from the University of Kansas, and a Master of Law in Taxation from the University of Missouri - Kansas City.
Non-Member Price $245.00
Member Price $195.00