A Practical Guide to Trusts WEBCAST - Washington Society of CPAs

Overview

This course provides in-depth information to enable the practitioner to make a well-informed decision as to whether a trust is the appropriate vehicle for a client’s financial, estate, and asset protection plan, and, if so, how the trust can best be implemented and operated. Participants will learn about the many different types of trusts that can be harnessed to save clients income, estate, generation-skipping, and other taxes, at both the federal and state level.

Highlights

The role of the trustee and how to avoid problems. How to use trusts to avoid probate. How revocable living trusts are affected by income, gift, and estate taxes. Marital deductions and marital and bypass trusts. How an irrevocable trust can be the center of an estate plan. Advantages of an irrevocable life insurance trust. How to create a dynasty trust. Why a GRIT, GRAT, GRUT, or QPRT can be a good estate planning tool. Trust options to provide security for older clients. Advantages, tax consequences, and limits on charitable contributions and private foundations. Charitable remainder and charitable lead trust issues. How trusts can serve as asset protection devices. Business trust issues.

Prerequisites

None.

Designed For

CPAs, EAs, attorneys, bankers, and financial planners.

Objectives

Choose a practical understanding of when and how to implement and operate a trust in a client’s financial, estate, and asset protection plan.

Preparation

None.

Notice

None.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd

Leader Bios

Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd

4.94 stars out of 5 - speaker rating for 2019

“Art Werner is a great speaker. Smart and entertaining.”
“Very well done! [Art Werner is] engaging and answered questions.”
“Great use of examples [by Art Werner], made the day fly by.” - past attendees

Art Werner is currently a shareholder in and is the President of the lecture firm Werner - Rocca Seminars, Ltd. Mr. Werner’s areas of expertise include business, tax, financial, and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University located in Philadelphia, Pennsylvania. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants, Enrolled Agents, Insurance Agents, and Financial Planners, and has presented well in excess of 2,000 eight-hour seminars over the past 20 years. Over the past 20 years, Mr. Werner was rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

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