Surgent's Advanced Trust Issues: A Roadmap for Success in An Increasingly Complex Area

Overview

Trusts are not cookie-cutter documents. In fact, they can be rather unwieldy, especially in explaining the functions to a client and then having the client comply with the trust terms. This course delves into best practices. Given common scenarios, what are the best trusts to use? And how can the client be best protected?

Highlights

Key concepts of trusts, including recent trends; best practices; jurisdiction; and ways to avoid pitfalls
Decanting
Federal estate tax exemption and remaining relevance of trusts
Irrevocable life insurance trusts
The role of family dynamics
Choice of trustee and other fiduciaries
State trust-friendly considerations
Charitable trusts
Delaware Statutory Trusts
Powers of attorney
Pet Trusts – the emerging necessities
State, county, and local issues
Portability
QTIP issues
Creditor considerations
Potential IRA problems
Problems with re-titling assets

Prerequisites

A basic understanding of simple trusts

Designed For

Tax practitioners who advise clients on the benefits of establishing a trust

Objectives

Advise individual clients on the benefits of using a trust to achieve their personal goals
Save clients money in their estate planning