Financial Management of Trusts and Estates Training Class

Course ID: 21601

Financial Management of Trusts and Estates Training Seminar

Ensure Your Clients' Financial Stability with Effective Taxation Strategies

Would you like to build estate and trust taxation into a lucrative niche in your practice? The ???graying' of America offers enormous opportunities and challenges for estate tax planning. Attend our insightful overview of trust and estate taxation and management to gain the substantive foundation you need to meet the changing needs of your clients and help grow your business. Enroll today!

Protect yourself with thorough knowledge of laws and regulations governing the actions of fiduciaries.
Gain valuable insight into what is required in investment selection - and minimize the fiduciary's exposure to liability.
Discover how meeting the criteria for a grantor trust will affect the grantor's financial control over the trust.
Learn how to interpret important rules regarding distributable net income.
Find out how trusts and estates are taxed, and how the fiduciary's allocations between income and principal will affect the taxes.
Minimize the clients' tax burdens with tried and true planning techniques for simple trusts.
Carry out your clients' wishes even after their death - learn to file the decedent's final tax return advantageously.


	Agenda
	THE LAWS AND RULES GOVERNING TRUSTEES 8:30 - 9:45, Michael B. Coleman Principal and Income Act Trust and Trustees Act Uniform Prudent Investor Act The Powers of the Trustee Duties and Responsibilities of the Trustee Responsibilities of the Personal Representative MANAGING TRUSTS AND ESTATES 10:00 - 11:15, G. Kevin Hardin Conducting Assets Inventory Managing Distributions Funding the Trusts Selecting Investments Managing Trust/Estate Expenses Depreciation Reserve Reporting Guidelines COMPLYING WITH GRANTOR TRUST RULES 11:15 - 12:30, Matthew A. Grossman What Makes Grantor Trusts Different Powers Over Income Powers Over Principal Administrative Powers Over the Trust Distribution of Income Reporting Guidelines Defective Grantor Trusts SIMPLE TRUST AND ESTATE TAXATION 1:30 - 3:00, Michael B. Coleman Filing Requirements and Tips for Form 1041 Income Tax Rates Filing Requirements and Tips for Estate Tax Form 706 Determining Distributable Net Income Income vs. Principal FILING THE DECEDENT'S FINAL TAX RETURN 3:15 - 4:40, G. Kevin Hardin Filing Time Guidelines Advantageous Valuation Tips Special Elections Income from Various Sources Calculating Depreciation Charitable Contributions Taking Medical Expenses into Account Calculating Net Operating Loss Capital Gains/Losses Income Tax Estate Tax Gift Tax and Generation-Skipping Transfer Tax