Family Trusts: Planning to Preserve, Protect and Transfer Wealth for Your Clients

Authored by Steven Siegel
About this Course
At the completion of this course, you should be able to: Describe what family trusts are and how they can be used to accomplish a range of client objectives; Explain to clients the different types of family trusts and their advantages and disadvantages; Differentiate functions of a family trust; Identify reasons to create a living trust; Recognize attributes of qualified terminable interest property (QTIP) of an estate trust or a power of appointment trust; Describe advantages of using an irrevocable trust to hold life insurance proceeds; Identify benefits of having a qualified personal residence trust (QPRT); Recognize how a grantor can avoid transferring property with low basis from an intentionally defective grantor trust (IDGT); Identify who can be a trustee; Differentiate when charitable remainder unitrusts (CRUTS) are preferable to charitable remainder annuity trusts (CRATS); Recognize who is permitted to be an S corporation shareholder; Identify what a grantor can do to avoid gift tax with a GRAT; Differentiate fiduciary obligation of a trustee; Recognize the Crummey withdrawal power limitations; Identify how the portion of an electing small business trust (ESBT) that consists of S corporation stock is treated; Describe how to name a trust as beneficiary of a retirement plan.
$ 50.00
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NASBA Field of Study
CPE Credits
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