Estate & Trust Primer - Tax Staff Essentials

Overview:

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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

Learning Objectives

• Learn about the various types of trusts.
• Advise clients on filing requirements for Form 706 and Form 709.
• Identify the elements of an estate.
• Identify the elements of a grantor trust.
• Minimize transfer taxes by incorporating exemptions and credits.
• Understand statutory provisions that mandate or protect the interests of a decedent's spouse and children.