Complete Trust Workshop

Code: TCTW

Date Monday, August 20, 2018
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
8.0 CFP
8.0 IRS CE approved
of study
Taxes - Technical (8.0)
Instructor Dennis Riley, CPA, MBA
Standard member fee $325.00
checkmarkStandard nonmember fee $375.00

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Like sand under your feet, the use of trusts keeps shifting. Regain your footing with this in-depth course. Show your clients why planning is essential in these changing times, and get guidance on how to use trusts to meet estate planning goals, protect assets and perpetuate family wealth over multiple generations. Explore the types and uses of trusts, and get insights on how to apply trusts of every shape and size. Includes coverage of recent developments related to tax reform and estate tax changes.

Who should take this program?

CPAs and financial planners in public practice

Major subjects

  • Guide to legislative changes and their impact on trust planning
  • Introduction to trusts with emphasis on typical provisions
  • Revocable living trusts
  • Common testamentary trust arrangements -- Bypass trusts, qualified terminable interest property (QTIP) trusts and other marital trusts
  • Asset protection trusts
  • Sophisticated trusts for estate planning and asset transfer -- grantor retained annuity trusts (GRATs), grantor retained unitrusts (GRUTs) and qualified personal residence trusts (QPRTs)
  • Charitable trusts -- Charitable remainder trusts, charitable lead trusts and pooled income funds
  • Irrevocable life insurance trusts
  • Medicaid trusts -- special needs and Miller trusts
  • Trusts for minors -- Sec. 2503(b), Sec. 2503(c) and others
  • Dynasty trusts
  • Trusts to hold S Corporation stock
  • Impact of historically low percentage rates on various trust arrangements
  • Special estate and trust problems (and solutions) related to the 3.8 percent tax on net investment income (NIIT)
  • Developments relative to potential estate tax repeal, and the implications for planning

Learning objective(s)

  • Identify the areas of trusts in connection with disability, charity, life insurance, leveraging gifts, principal residences and minors
  • Understand the role played by a marital deduction trust and a credit shelter bypass trust
  • Explain how trusts may protect assets and perpetuate family wealth over multiple generations


Course code Code TCTW
Sponsor MNCPA
NASBA ID#: 139884
Level Intermediate
Format Group Live
Prerequisites Prereq. Basic coursework in estate and gift tax, and estate and trust income taxation (Form 1041) recommended.