Trusts: The Playground for Shenanigans ON DEMAND

Overview

Everyone is selling trusts now, but should your clients be buying? In this session we’ll discuss some common types of trusts with some real-life examples about how they can go wrong. We’ll also discuss trusts your clients may be hearing about from financial advisors and insurance agents. And finally we’ll discuss what your role is in setting up and maintaining trusts as a tax professional. Before you advise clients to set up a trust, join me to hear horror stories and best practices.

Highlights

Trust terminology. Marital trust vs credit shelter trust. QPRTs. Berkshire Hathaway stock.

Prerequisites

None.

Designed For

CPAs, EAs, and other tax professionals.

Objectives

Understand a variety of trust structures and how clients can use them in their planning. Understand your role in the life-cycle of a trust. Spot planning areas that might cause issues in the future. Address questions about common marketed trust structures.

Preparation

None.

Notice

None.