Estate & Trust Primer - Tax Staff Essentials

A comprehensive guide to estate planning and the taxation of trusts.

Objectives

• Identify the elements of a trust.
• Recognize the difference between principal and income as defined by the Uniform Principal and Income Act (UPAIA).
• Identify tax payment and reporting requirements for estates and trusts.
• Distinguish between simple trusts and complex trusts.
• Recall how pooled income funds are taxed.
• Recall the filing requirements for estates and trusts.

Highlights

Types of trusts Trustee powers Recognition and realization of income Elements of an estate Taxation of trusts and estates Basic concepts of estate planning

Who Will Benefit

CPAs Financial advisers Estate attorneys

Credits

Category	Amount
Tax	4.00