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Assisting the Survivors: The CPA's Role in the Decedent's Estate

Code: ASDE

Space is available, but online registration has closed. Please call 952-831-2707 to register.

Date Monday, November 20, 2017
Time 8:30am - 4:30pm
Central Time
Location Minnesota Society of CPAs
1650 W 82nd St Ste 600
Bloomington, MN 55431-1458
Map & directions
 
CPE credits CPE 8.0
Instructor Don Cochran, JD, CPA, CFP®
Don Paul Cochran, CPA
Fees
Standard member fee $325.00
checkmarkStandard nonmember fee $375.00

Members: Please log in to receive member fee.

Description

"Nothing is certain except death and taxes." So goes the famous Benjamin Franklin quote. You may be more comfortable with taxes, but when a client dies, their survivors rely on you to take care of the decedent's estate. Ensure you know how to counsel survivors and handle these important post-death issues, from estate taxes and trust accounting to state complications and income taxes.

Who should take this program?

CPAs and financial advisers who assist with decedents' estates

Major subjects

  • Key players in a decedent's estate
  • Estate probate steps and issues
  • Administrative trusts (post-death revocable living trust)
  • Testamentary trusts and their funding issues
  • Estate accounting -- a state's Uniform Principal and Income Act
  • Estate tax returns -- federal and state
  • How to handle post-death estate tax issues, including portability, disclaimers and estate tax returns
  • Income taxation of a decedent's estate
  • State complications of estates -- jurisdiction and taxation
  • CPA's duties and exposures in estate engagements

Learning objective(s)

  • Counsel survivors regarding issues arising following the decedent's passing
  • Handle issues involved with dealing with trusts arising from the estate
  • Handle estate and trust accounting under the applicable principal and income act
  • Deal with post-death estate tax issues, including portability, disclaimers and estate tax returns
  • Recognize state income tax issues arising from an estate and related trusts
  • Understand the exposures a CPA faces when advising survivors

Notes:

Course code Code ASDE
Sponsor MNCPA
NASBA ID#: 139884
Level Intermediate
Field(s)
of study
Taxes - Technical (8.0)
Format Group Live
Prerequisites Prereq. None
Advance
prep
None