There are no CE Credits for this event.
This course provides a practical primer on trusts, identifying and describing the most commonly used trusts in tax and estate planning, and explaining how they are used to achieve a range of objectives for clients. This course is designed to explain the structure of trusts and how a variety of trusts can be used in planning to preserve, protect and transfer wealth.
Learning Objectives
Advisors who take this course will learn:
The tax characteristic of trusts
How trusts are designated and created
Trust planning rules for children
The different parties to a trust
How SECURE Act 1 impacts the beneficiary options for trusts.
Basic Characteristics and Elements of Trusts
Tax Characteristics of a trust
Purposes of trusts
Different types of trusts and their features
Wealth transfer using trusts Leveraging the Transfer of a Personal Residence by Using a Qualified Personal Residence Trust
Planning with Charitable Trusts
SECURE Act 1.0 and Proposed RMD regulations for trust beneficiaries
Using trusts in distribution planning for IRA beneficiaries
The New 10 Year Rule and trust beneficiaries
Special needs trust Learning Objectives Advisors who attend this session should be able to:
Identify basic characteristics and elements of trusts
Describe the different types and basic uses of trusts for clients
Recognize the advantages and disadvantages of different types of trusts
Differentiate types of trusts used in tax and estate planning and understand how they apply
SECURE Act and Trust Beneficiaries for IRAs
Who Should Attend
Financial, tax, and legal professionals who advise clients on critical tax, estate planning, and wealth management strategies.
No CE Credits: This webinar is not eligible for any Continuing Education credits.
Steven Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States.
He can be contacted at: steve@siegel.net
Steve is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning (AICPA 2020); Federal Fiduciary Income Taxation (Foxmoor 2020); Federal Estate and Gift Tax (Foxmoor 2016)). He is co-author of Income Taxation of Trusts and Estates, (Carolina Press 2020).
He is the co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine, January and February 2016. In conjunction with numerous tax planning lectures he has delivered for the National Law Foundation, Mr. Siegel has prepared extensive lecture materials on the following subjects: Planning for An Aging Population; Business Entities: Start to Finish; Preparing the Audit-Proof Federal Estate Tax Return; Business Acquisitions: Representing Buyers and Sellers in the Sale of a Business; Dynasty Trusts; Planning with Intentionally-Defective Grantor Trusts, Introduction to Estate Planning; Intermediate-Sized Estate Planning; Social Security, Medicare and Medicaid: Explanation and Planning Strategies; Subchapter S Corporations: Using Trusts as Shareholders; Divorce and Separation: Important Tax Planning Issues; The Portability Election; and many other titles.
Steve has delivered hundreds of lectures to thousands of attendees in live venues and via webinars throughout the United States on tax, business and estate planning topics on behalf of numerous organizations, including The Heckerling Institute on Tax Planning, Notre Dame Tax and Estate Planning Institute, CCH, National Law Foundation, AICPA, The Kansas City Estate Planning Symposium, Yale School of Management; U. of Chicago Business School, Western CPE, the National Society of Accountants, Cohn-Reznick, Foxmoor Education, many State Accounting Societies and Estate Planning Councils (including: The California CPA Society, The Southern Nevada Estate Planning Council; the Oregon CPA Society; the Southern Arizona Estate Planning Council; the Georgia CPA Society) as well as on behalf of many private companies.
He is presently serving as an adjunct professor of law in the Graduate Tax Program (LLM) of the University of Alabama (teaching Income Taxation of Trusts and Estates), and has served as an adjunct professor of law at Seton Hall and Rutgers University law schools.
Steve holds a bachelor’s degree from Georgetown University (magna cum laude, phi beta kappa), a juris doctor from Harvard Law School and an LLM in Taxation from New York University Law School.