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| A Primer on Establishing a Trust and its Taxation (2245Q) |
Course CPE: 2 hours
Field(s) of Study: Taxes–2 hrs
Program Level: Intermediate
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.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 26BV0126EAT
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: January 26, 2026
Presenter: Edward Mendlowitz
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.
Takeaways
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.
After completing this course, you will be able to:
- Recognize 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
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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