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ENG2358
Reading a Will and Trust Documents (EST, TAX, PFP)
Date
June 8, 2023
$49
Standard Price
This product is also available as part of the following products:
This includes sessions from the conference: Advanced Estate Planning (as part of AICPA & CIMA ENGAGE 2023)
This includes sessions from the conference: Advanced Personal Financial Planning (as part of AICPA & CIMA ENGAGE 2023)
This includes sessions from AICPA & CIMA ENGAGE 2023:
This includes sessions from the conference: Tax Strategies for the High-Income Individual (as part of AICPA & CIMA ENGAGE 2023)
In this fast-paced, interactive session, we’ll examine key language in a Will and trust agreement to break down the most important provisions in plain English. We’ll also explain how an when a revocable trust becomes irrevocable and the tax implications. Last, we’ll explain the timing and tax considerations when a credit shelter trust, marital trust, or trust for another beneficiary is created after the death of the trustor.
Learning Objectives
- Understand the interplay between a pour over will and a revocable trust.
- Appreciate the significance of formula provisions in a trust agreement and how they work.
- Analyze typical language in a trust agreement pertaining to distributions of income and principal and connect this language with preparation of the fiduciary income tax return.
Speakers
Director, Belfint, Lyons & Shuman, P.A.
Jenny Smith, Esq., AEP
Partner, McCollom D'Emilio Smith Uebler LLC
Session Categories
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