Everything You Need to Know About Trusts 25-26
8.00 Credits
Member Price $329
Non-Member Price $439
Overview
An overview of trust laws and a review of general concepts. Common structures and review of some more advanced trust planning issues. Extensive coverage planning issues through a discussion of trust administration. The discussion covers special needs planning, asset protection, gift and estate tax planning, use of most common trusts, and portability versus A-B and A-B-C trusts.
Highlights
Trust obstacles and pitfalls Revoking irrevocable trusts Trust protectors Succession planning, retirement planning and estate planning through trusts Basic issues related to special needs and Medi-Cal planning General Outline of planning with GRATs, QPRTs, IDGTs, etc. Planning with A-B and A-B-C (QTIP) trusts Asset protection through domestic and foreign trustsPrerequisites
General knowledge of income, estate and gift taxes.
Designed For
CPAs, attorneys and financial planners.
Objectives
Identify income tax, gift tax and estate tax aspects of various types of trusts, and a primer on Purposeful Planning human, non-tax related issues Determine requirements for a valid trust, selecting trustees, trustee discretion, distribution clauses and probate avoidance Recall estate planning and asset protection planning uses of different trusts Identify advanced tax, estate, succession, retirement, special needs and asset protection planning using trusts Recognize common obstacles and pitfalls, such as selection of trustee and property tax reassessment, and how to plan around themPreparation
None.
Leader(s):
Leader Bios
Jacob Stein, CalCPA Education Foundation
Jacob Stein, Esq., JD, LLM, is a partner with the law firm Klueger and Stein, LLP, in Los Angeles. The firm’s practice is limited to asset protection, domestic and international income and estate tax planning and structuring complex business transactions. Mr. Stein received his law degree from the University of Southern California, and his Master’s of Law in Taxation from Georgetown University. He has been accredited by the State Bar of California as a Certified Tax Law Specialist and is AV-rated (highest possible rating) by Martindale-Hubbell. Mr. Stein is an author of numerous tax and asset protection articles and technical manuals and a frequent lecturer to various attorney, CPA and other professional groups. He is an adjunct professor of taxation at the CSU, Northridge Graduate Tax Program.
Non-Member Price $439
Member Price $329