Kentucky Society of Certified Public Accountants

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?

Prerequisites

A basic understanding of simple trusts

Objectives

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

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

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

SUS0358

4 CPE Credits

Tax: 4 Credits

Registration

Member Price:

$89

Non-member Price:

$119