Date: November 20th, 2024

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 120 Minutes

Description:

This course explores disclosures, adjustments, and restructurings related to partnerships and S corporations. It focuses on the intergenerational transfer of property and highlights essential knowledge for CPAs regarding trusts and estates. Topics will range from fundamental legal principles governing trusts and estates to the specific language in trust documents that achieves certain tax outcomes.

We will cover key legal definitions and concepts related to estates and trusts, fundamental principles of property ownership, and the various types of trusts commonly employed. Additionally, the course will address trust accounting basics and important clauses, including formula valuation clauses.

Learning Objectives

• Understand how to read and interpret estate planning documents.
• Identify fundamental principles of fiduciary accounting.
• Recognize key planning opportunities and potential pitfalls.
• Determine the criteria for a trust to qualify as a designated beneficiary of an IRA.
• Learn how to utilize income in respect of a decedent (IRD) to support charitable bequests.

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 2 Hours

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Steve Gorin CGMA, CPA, J.D. Steve has drafted trusts and a full range of estate planning documents for clients to help grow, preserve, and transmit their family wealth. He has also prepared organizational documents for limited liability companies, corporations, and partnerships to implement their owners’ wishes regarding current and future control and transmission, including bringing in new owners and facilitating exit strategies.