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2024 Fiduciary Accounting for Estates and Trusts

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Overview

Financial accounting for trusts and estates is one of the least understood branches of accounting. It 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. This course will dive into this tricky area and provide a reporting guide for fiduciary accounting.

Prerequisites

Basic working knowledge of accounting for estates and trusts

Objectives

  • Apply a working knowledge of the financial accounting rules for estates and trusts
  • Identify planning and potential pitfalls

Highlights

  • 10 Principles of Tax Accounting for Trust Income
  • Entity accounting income and Form 1041
  • Uniform Principal and Income Act
  • Discretionary Power to Adjust
  • Allocations between principal and income
  • Trust accounting issues

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

6124158

4 CPE Credits
Accounting: 4 Credits

Registration

Member Price:
$129
Non-member Price:
$159

Registration is open through 07/01.

Monday, July 1st

2:00pm to 6:00pm

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Instructor

Douglas Van Der Aa