Surgent's Introduction to Trusts for Accounting and Finance Professionals (2 hours)

Overview

Trusts are widely used in personal and business planning, yet many professionals encounter them without formal training. This course explains how trusts function, who is involved, and why different trust structures are used. Participants will gain a working understanding of trust mechanics, basic tax and accounting considerations, and common trust arrangements seen in estate planning, along with an introduction to how irrevocable trusts may be modified when circumstances change.

Highlights

• How trusts are created, funded, and administered
• Roles and responsibilities of grantors, trustees, beneficiaries, and other fiduciaries
• Common reasons for using trusts, including management, protection, and transfer planning
• Trust duration rules and modern statutory approaches
• Basic trust accounting concepts and fiduciary income taxation
• Differences between revocable and irrevocable trusts for tax and control purposes
• Overview of frequently used estate planning trusts and their typical objectives
• Methods for modifying or restructuring irrevocable trusts under current law

Designed For

Accounting and finance professionals who advise clients about trust structures

Objectives

• Explain the basic structure and operation of a trust
• Identify the key parties involved and their responsibilities
• Distinguish between major categories of trusts and their planning uses
• Recognize when tax and accounting rules differ from individual ownership
• Understand general methods available to adjust irrevocable trusts after creation

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!