Course ID: APGT

A Practical Guide to Trusts

Discover a Practical Guide to Trusts, offering invaluable insights for financial professionals navigating complex estate planning terrain. Gain the expertise to assess whether a trust suits your client’s financial objectives and learn implementation strategies to optimize tax efficiency. Explore the diverse array of trusts available, uncovering their potential to mitigate income, estate, and generation-skipping taxes on both federal and state levels. From understanding the responsibilities of trustees to evaluating the benefits of irrevocable life insurance trusts and dynasty trusts, this course equips you with actionable knowledge to enhance your clients’ financial well-being across generations.

By enrolling in this course, participants gain access to a wealth of knowledge essential for effective estate planning. Explore techniques to avoid probate, streamline asset distribution, and navigate the complexities of income, gift, and estate taxes. With a focus on practical application and real-world scenarios, this course is designed for CPAs, EAs, attorneys, bankers, and financial planners seeking to enhance their expertise in trusts. Gain fundamental insights into tax optimization strategies, making this course a must for professionals at all levels.


Learning Objectives

At the end of this course, you will be able to:

  • Recognize the responsibilities and duties of a trustee in trust implementation and operation.
  • Identify techniques for using trusts to avoid probate and streamline asset distribution.
  • Recall the impact of income, gift, and estate taxes on revocable living trusts.
  • Interpret the concept of marital deductions and assess the role of bypass trusts.
  • Recognize scenarios where irrevocable trusts serve as central components in effective estate planning.
  • Assess the benefits and considerations of implementing irrevocable life insurance trusts.
  • Recognize the characteristics and benefits of dynasty trusts in multi-generational wealth planning.
  • Evaluate the applicability and advantages of estate planning tools like GRIT, GRAT, GRUT, and QPRT.

Major Topics
  • Trust Implementation and Operation Responsibilities
  • Techniques for Probate Avoidance and Asset Distribution
  • Impact of Taxes on Revocable Living Trusts
  • Marital Deductions and Bypass Trusts
  • Irrevocable Trusts in Effective Estate Planning
  • Benefits of Irrevocable Life Insurance Trusts
  • Characteristics and Benefits of Dynasty Trusts
  • Applicability and Advantages of Estate Planning Tools

Who Should Attend

CPAs, EAs, attorneys, bankers, and financial planners


Fields of Study
Taxes

Prerequisites

None


CPE Credits
8.0

Level
Basic

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: or team@blionline.org
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