This comprehensive webcast offers the participant an understanding of the federal income taxation of trusts and decedents’ estates, along with the effects certain tax scenarios have on the beneficiaries of those trusts and estates. We will also discuss some basic planning options that help minimize taxes during income accumulation, distribution, or the transfer of wealth to intended beneficiaries.
• Types of trusts
• Trustee powers
• Recognition and realization of income
• Elements of an estate
• Taxation of Trusts and Estates
• Basic concepts of estate planning