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Decoding Trusts and Wills: Provisions for PFP Practitioners

 Thu, 08/21/2025 from 1:00 pm to 2:30 pm
 
1.5
26 / 2-90628
Registration is Open
Member Price
$99.00 Regular Registration
Your Price
$118.00 Regular Registration
Designed For:

Tax professionals who serve individual clients CPA financial planners and other professional financial planners Practitioners who provide tax, retirement, estate, investment or risk management planning services

Prerequisite:

Basic knowledge of financial planning, retirement planning, estate planning, tax planning and investment planning.

Join us for a PFP Section webinar exploring the world of trusts. Experts Laura Hinson, CPA, and Natalie M. Perry, CPA, JD, will guide you through why trusts are created, how they function, and key tax considerations. Gain insights into trust roles, types, and complexities to enhance your financial planning expertise.

Topics covered:

  • The big picture: Understand why trusts are created and how they're used, including revocable trusts, ILITs, GRATs, SLATs, and more. Explore bespoke documents tailored to taxpayer needs.
  • Roles in a trust: Overview of key roles, including grantor, trustee, beneficiary, and protector.
  • Income tax concerns: Dive into grantor trusts, provisions, sample language, non-grantor trusts, simple versus complex trusts, Section 678, and state taxation.
  • Gift tax considerations: Learn about withdrawal rights, gift splitting, spousal beneficiary complications, and the 5x5 power.
  • GST tax considerations: Explore GST tax intent, Section 2632(c), and election strategies.
  • Estate tax considerations: Understand string provisions and tax apportionment.
  • Trustee powers: Gain insights into trustee authorities and responsibilities.
  • Irrevocability: Assess whether irrevocable really means irrevocable, including potential decanting and modifications.
    Delivery Method: Individual webcast
    CPE Credit: Specialized knowledge
    Program Level: Intermediate

    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.

    • Objectives

    • Apply the various components of a trust agreement.
    • Analyze trust provisions that affect income taxation.
    • Determine trust provisions that affect gift, estate and GST tax reporting.
    • Differentiate provisions that allow for flexibility in trust administration.

    Speakers

    Vendor

    The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

    For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.