Estate & Trust Primer - Tax Staff Essentials

Overview

A comprehensive guide to estate planning and the taxation of trusts.

Prerequisites

None

Objectives

• Identify the elements of a trust.
• Recognize the difference between principal and income as defined by the Uniform Principal and Income Act (UPAIA).
• Identify tax payment and reporting requirements for estates and trusts.
• Distinguish between simple trusts and complex trusts.
• Recall how pooled income funds are taxed.
• Recall the filing requirements for estates and trusts.

Highlights