Have a strategy in place for taxes in estate planning
Learn how best to manage:
- Tax obligations of trusts and estates, and how these obligations affect beneficiaries
- The federal income taxation of trusts and decedents' estates, along with the effects certain tax scenarios have on beneficiaries
- Planning options that can minimize your clients' taxes during income accumulation, and the distribution or transfer of wealth to intended beneficiaries
Updated with details from SECURE 1.0 and 2.0, this webcast shares what you need to know to help clients optimize their estate tax plan in light of recent legislation.
Learning Objectives
· Identify the elements of a trust.
· Identify the elements of an estate.
· Identify the elements of a grantor trust.
· Recognize the unused deductions pass-through to beneficiaries upon termination of an estate or trust.
· Recall when the Form 1041 return must be filed.
Major Topics
· Types of trusts
· Trustee powers
· Recognition and realization of income
· Elements of an estate
· Taxation of trusts and estates
· Basic concepts of estate planning
· Effects of recent legislation on estate planning opportunities
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