Concurrent Session Onsite and Online
ENG2358. Reading a Will and Trust Documents (EST, TAX, PFP)
In this fast-paced, interactive session, we’ll examine key language in a Will and trust agreement to break down the most important provisions in plain English. We’ll also explain how an when a revocable trust becomes irrevocable and the tax implications. Last, we’ll explain the timing and tax considerations when a credit shelter trust, marital trust, or trust for another beneficiary is created after the death of the trustor.
- Understand the interplay between a pour over will and a revocable trust.
- Appreciate the significance of formula provisions in a trust agreement and how they work.
- Analyze typical language in a trust agreement pertaining to distributions of income and principal and connect this language with preparation of the fiduciary income tax return.
NASBA Field of Study
3-4 years in the Profession