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Estate & Trust Primer - Tax Staff Essentials

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4.00 Credits

Member Price $225.00

Non-Member Price $269.00

Overview

A comprehensive guide to estate planning and the taxation of trusts.



Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Basic

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by AICPA.

Highlights

  • Types of trusts
  • Trustee powers
  • Recognition and realization of income
  • Elements of an estate
  • Taxation of trusts and estates
  • Basic concepts of estate planning

    Prerequisites

    None

    Designed For

  • CPAs
  • Financial advisers
  • Estate attorneys

    Objectives

    • Identify the elements of a trust.
    • Recognize the difference between principal and income as defined by the Uniform Principal and Income Act (UPAIA).
    • Identify tax payment and reporting requirements for estates and trusts.
    • Distinguish between simple trusts and complex trusts.
    • Recall how pooled income funds are taxed.
    • Recall the filing requirements for estates and trusts.
  • Leader(s):

    Leader Bios

    William Murphy, AICPA

    William F. Murphy, CPA, PFS, ABV, CVA, is a consulting principal in Murphy, McClary, Stover & Burnett, LLC, a firm that provides tax and financial services to corporations and professional practices in the state of Indiana. He is a member of the Institute of Business Appraisers, Inc., and has appeared as an expert witness in numerous cases involving marital and business disputes. Murphy has lectured extensively on valuation and tax issues for the National Business Institute, Professional Education Systems, Inc., Indiana Continuing Legal Education Forum, Indiana CPA Society (INCPAS), American Institute of Certified Public Accountants, National Association of Certified Valuation Analysts, as well as for other local continuing educational programs. He serves as the chair of the Ethics Committee for the INCPAS. Formerly, Murphy was the owner, director of entrepreneurial and tax services and majority shareholder of the firm Murphy & Company, P.C. He was also a former director with the Indiana Attorney General’s Office. He was an accounting lecturer at the University of Indianapolis and Marion College and was also appointed to and currently serves on the Butler University Board of Visitors for the School of Business.

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    Non-Member Price $269.00

    Member Price $225.00