Trusts Used for Tax Reduction (On-Demand)

Course Description

Several different types of trusts provide unique opportunities to save money on taxes. This course will help you choose the most beneficial trust to preserve your client’s wealth by describing the purposes and specific tax consequences behind various types of irrevocable trusts. Some advantages and disadvantages outside of tax considerations will also be covered. The process of properly funding a trust to avoid probate, such as changing asset titles and updating beneficiary designations, will be discussed as well.

Syllabus

1. Advantages and Disadvantages of Making Gifts in Trust
2. Charitable Remainder Trusts
3. Qualified Domestic Trusts
4. Qualified Personal Residence Trusts
5. Intentionally Defective Grantor Trusts
6. Education Trusts for Children and Grandchildren
7. Generation-Skipping Transfer Trusts
8. Funding Trusts

Instructor

Joseph W. Bukowski, Esq.