Friday, September 4, 2015

57% of CPA financial planners indicated clients top retirement concern is running out of money*

Keeping clients fiscally healthy goes hand in hand with a firm tax business, as it generates an added trust and deeper knowledge of a clients' needs. 
Get the knowledge on how to best plan for them while expanding your business.

Live Webinars with Q&As:

September 17, 2015: Trust Income Tax at the State Level: The Significance of State Residency for Trust Fiduciary Income Tax Purposes

Understand State Fiduciary Income Taxation Rules and Issues and the Impact of the Recent Linn Decision

In addition to Federal fiduciary income taxation, trusts are also (usually) subject to a particular state's fiduciary income tax regime, and this state fiduciary income taxation is generally based on residency with the state and contacts with the state. If a trust is determined to be a "resident" of a particular state, that state will typically tax all of the trust's income. Under certain circumstances, the level of contacts with the state will also determine whether the trust will be treated as a resident trust, thereby causing full state taxation.

Program Topics

  • Examine the factors involved in determining state residency of trusts
  • Overview of the Constitutionality of state law taxing statutes
  • Detailed review of the Linn trusts, and the factors involved
  • Evaluation of planning application and opportunities

Learning Objectives

  • Describe the nuts and bolts of state fiduciary income taxation
  • Recognize planning opportunities with mobile clients and long-term trusts
  • Understand how the recent Linn decision will impact state fiduciary taxation generally

October 20, 2015: Planning with Family Trusts: Preserve, Protect and Transfer Wealth for Your Clients

Learn How to Use Family Trusts to Achieve a Range of Important Objectives for Clients

Professional advisors often find themselves serving clients who are interested in setting aside their money, property and investments for family members, friends and other individuals they want to help — their beneficiaries. These clients often want funds set aside to be managed according to specific parameters with special protections. Family trusts are often established to accomplish these objectives and work with other parts of the client's financial and estate plan.

Program Topics

  • Why Are Family Trusts Useful and Necessary?
  • What Are the Elements of a Family Trust?
  • Trusts Used to Protect the Interest of the Grantor (Living Trusts)
  • Trusts to Benefit the Family as a Whole
  • Trusts to Benefit a Surviving Spouse
  • Trusts to Benefit Minor Children
  • Trusts to Hold Life Insurance Proceeds
  • Trusts to Benefit Multiple Generations of the Family
  • Trusts to Include Benefits for Charities
  • Trusts to Address Special Family Assets (S Corporation Shares, Homes, Business Property, etc.)

Learning Objectives

  • Develop a solid base of knowledge related to family trusts
  • Understand the different types and basic uses of family trusts

 *AICPA PFP Trends Survey of CPA financial planners

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