23WA-0476: Fiduciary Accounting for Estates & Trusts (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Monday, April 17, 2023
9:00am - 12:50pm Central Time
4 CPE (4 technical)
Financial accounting for trusts and estates is one of the least understood branches of accounting. Fiduciary accounting is not particularly concerned with recording income and expenses but is obsessed with determining whether receipts and expenditures are assigned to income or principal/corpus. Only after that is known can the trustee begin to make their required and discretionary distributions to beneficiaries. However, very few noncorporate trustees have any idea of what is required for proper trust accounting and reports. This course will dive into this tricky area and provide a reporting guide for fiduciary accounting.
Major subjects
-
Examine provisions of the Uniform Principal and Income Act
-
Mandatory and discretionary allocations and adjustments (did you know that depreciation is a Discretionary adjustment?)
-
Trustees ability to override the fallback rules
-
Review the contents of a proper set of trust accounting statements
Learning objective(s)
-
To provide a working knowledge of the financial accounting rules for estates and trusts
-
Discuss planning and potential pitfalls
Who should take this program?
Practitioners and members in industry seeking to gain a better understanding of fiduciary accounting of estate and trusts issues
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$129.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
Standard Member Fee |
$129.00
|
Standard Nonmember Fee |
$129.00
|