A Primer on Establishing a Trust and its Taxation

Co-Sponsored by the National Association of Certified Valuators and Analysts®  (NACVA®) 

	Program Description		Who Should Attend
	How You Will Benefit		Schedule

Program Description
In this course, attendees will learn the following: trust basics and definition of a trust; understanding the document that created the trust; how trustees are determined and duties and powers of a trustee; irrevocable trusts, revocable or living trusts, and grantor trusts explained; taxation of trusts and tax return filing requirements; costs of establishing and maintaining a trust; illustrations of specific trusts and its use; trustee’s administration and investment responsibilities, and issues when an accountant or attorney is a trustee.

How You Will Benefit
After completing this course, attendees will be able to:

• Describe how to acquire a thorough understanding of the basics and purposes of establishing a trust
• Identify how trusts are administered, and taxed, and when they are appropriate for clients

Take Aways
The handout will be able to be used as a checklist when the accountant or attorney is confronted with a client that wants to establish a trust, or who becomes a beneficiary or trustee of a trust, or who receives a distribution from a trust.

Who Should Attend

Delivery Method Group Internet-Based Program Level Intermediate Advanced Preparation None Prerequisites Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.    Taxes 2 Total CPE Hours   2

For NASBA sponsorship information, including refund, complaint, and/or program cancelation policies, click here.