Trust Taxation for Trust Officers
Many of the actions and decisions you make as a trust officer or administrator have tax consequences for the trust and for your beneficiaries. Your tax department depends on you to understand and code these transactions correctly.
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Course Description
Schedule:
Class begins at 8:00 AM and ends at 5:00 PM on Wednesday, Thursday, and Friday.
This course is intended for trust officers and trust administrators. This high-level, two-day course is designed to give you a basic understanding of the taxation of trusts, tax issues with trust funding and distributions, distributing capital gains to beneficiaries, generation-skipping transfer tax, tax elections, and much more.
Areas of Study Include:
- Overview of Trust Taxation
- Powers of Appointment
- Grantor Trust Rules
- Trust Accounting Income
- Distributable Net Income
- Taxation of Distributions
- Distributing Capital Gains
- Tax Elections for Complex Trusts
- Total Return Trusts
- Taxation of Estates
- Generation-Skipping Transfer Tax
- Tax Compliance Issues
Many professionals satisfy Continuing Education and/or Continuing Legal Education requirements with this course. Rules for CE and CLE approval are time-sensitive and vary by designation and state. We encourage early registration in order to allow for ample processing (request for credits may not be available after course completion).