Advanced Trust Issues: A Roadmap for Success in an Increasingly Complex Area
Helena
4.00 Credits
Member Price $150.00
Price will increase by $25 after 7/31
Non-Member Price $200.00
Price will increase by $25 after 7/31
Overview
HELENA CLUSTER CLASS
Trusts are not cookie-cutter documents. In fact, they can be rather unwieldly, 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? An how can the client be best protected?
This course also has a VIRTUAL option. Please see 'MTCPA Webcasts' tab on the CPE page.
HOTEL
MTCPA has a room block at the Delta Hotels Helena Colonial on 8/19-20/2025-. Please reference "Montana Society of CPAs" when calling to book. 406-443-2100 or 866-211-4604. Standard Room: $199 + tax. Rate available until 8/01/2025
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 fole 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
Prerequisites
A basic understanding of simple trusts
Designed For
Tax practitioners who advise clients on the benefits of establishing a trust
Objectives
After completing this course you will be able to . . .
- Advise individual clients on the benefits of using a trust to achieve their personal goals
- Save clients money in their estate planning
Preparation
None
Leader(s):
Leader Bios
Don Cochran, Nichols Patrick CPE Inc
Don Cochran, JD, CPA, CFP®, CRC® has twenty-nine years experience as a lawyer and CPA adding financial planning in 2008 and retirement planning to his areas of expertise in 2008. He has developed and presented seminars and training for financial professionals and the public, including technical presentations on recent tax law changes and advanced planning techniques for wealthy individuals and closely held businesses. Don is a member of the Minnesota and Iowa State Bar Associations, the Minnesota Society of Certified Public Accountants.
Non-Member Price $200.00
Member Price $150.00