Estate & Trust Primer
Presenter
James DiGesu,
Senior Wealth Advisor,
Belpointe Wealth Management
Overview
Protect your clients' assets and shield their estates from increased taxation brought about by the changing tax code. This CPE course will help you to understand the tax obligations of trusts and estates and how these obligations affect beneficiaries. The course provides exercises and examples that reflect the calculation and allocation of taxable income and its presentation on the appropriate forms. You will also learn how to prepare federal Form 1041 and the accompanying schedules.
Learning Objectives:
- Identify the elements of trusts and estates.
- Recall the filing requirements for estates and trusts.
- Indicate how electing small business trusts are taxed.
- Identify which deductions and credits are allowed for estates and trusts.
- Recall the significance of the Uniform Principal and Income Act.
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
