Trust & Estate Mastery Series: Understanding Grantor Trusts (2 hours - late morning) - NEW! - Webcast

Overview

In this session you will learn to identify the powers and circumstances that cause a trust to be classified as a grantor trust, the history and uses of grantor trusts in tax planning including the use of intentionally defective grantor trusts, and gain an understanding of the scope and operation of IRC Sections 671-679 including reversionary interests, administrative powers including the "swap" power, retained powers over income, and general powers of appointment granted to persons other than the grantor.

This event is part of the Trust & Estate Mastery Series Bundle. There are 10 courses included in the bundle designed to equip CPAs, tax preparers, and fiduciary professionals with a complete understanding of trust taxation—from the basics to advanced concepts.

Each course is a stand-alone topic. If you miss one in the series, no worries! Purchase individual courses or purchase the Trust & Estate Mastery Series Bundle and save up to $150!

Highlights

• Overview of grantor trust rules and taxation principles
• Historical development and policy rationale behind grantor trust provisions
• Identifying powers and circumstances that trigger grantor trust status
• Overview and application of IRC §§ 671-679
• Reversionary interests and their tax implications
• Administrative powers that cause grantor trust treatment
• The "swap" power (power of substitution) and planning considerations
• Retained powers over income and corpus
• General powers of appointment held by non-grantors
• Intentionally Defective Grantor Trusts (IDGTs): structure and planning uses
• Income tax consequences to the grantor vs. the trust
• Strategic uses of grantor trusts in estate and wealth transfer planning
• Common drafting considerations and compliance issues

Prerequisites

Basic understanding of individual taxation

Designed For

CPAs, tax preparers, and fiduciary professionals who want to understand trust taxation-from the basics of trust structure and document intrepretation to advanced concepts.