Trusts are not cookie-cutter documents. In fact, they can be rather unwieldy, 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? And how can the client be best protected?
Target Audience
Tax practitioners who advise clients on the benefits of establishing a trust
Course Objectives
Advise individual clients on the benefits of using a trust to achieve their personal goals
Save clients money in their estate planning
Subjects
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
