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When it comes to trusts and estates, it is vital to understand how fiduciary accounting income is different from taxable income and distributable net income, which are both tax-generated concepts. Using real-world examples, this program will navigate the complexities of defining and calculating fiduciary accounting income. In order to appropriately allocate receipts and disbursements to income or principal, this presentation also will identify key planning tips to consider and potential traps to avoid.
Learning Objectives:
Learn how to define and calculate fiduciary accounting income.
Understand how receipts and disbursements are allocated to income or principal.
Recognize common mistakes and potential traps to avoid when distributing income.
Speaker(s):
Justin
Miller,
J.D., LL.M., TEP, AEP(R), CFP(R),
Partner and National Director of Planning,
Evercore Wealth Management