Webinar

Form 1041 Advanced Series Part 4: Post Mortem Administration Considerations

If you have questions about this event, please call us at 952-831-2707.

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This final segment of our four-part Form 1041 series addresses the special income tax issues that arise on the grantor's death or the first spouse. The once docile revocable living trust ignored for income tax purposes now comes to life and requires attention. Trust administration is just as rigorous as probate administration, if not more rigorous. We will review the importance of an approach to Trust Administration and the important income tax tools available to the fiduciary.

Major subjects

• A Review of the Expansive Nature of Trust Administration
• The Use of Post-Mortem Elections
• The Use of an Administrative Trust and its Advantages
• Choosing a Fiscal Year for the Administrative Trust
• The Successor Trustee of an Administrative Trust and whether the Trust is Simple or Complex?
• Making the Sec. 645 Election, its Duration , Advantages and Disadvantages

Learning objectives

• Recognize and review the Depth and Scope of Trust Administration
• Identify and analyze the Administrative Trust
• Determine the need and use of the IRC Sec. 645 Election

Who should take this program?

• Tax practitioners, accountants and financial professionals.

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $119.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.