A Practical Guide to Trusts: Maximizing Financial, Estate, and Asset Protection Strategies

Overview

This comprehensive course equips practitioners with the knowledge and expertise to make well-informed decisions regarding the suitability of trusts in their clients’ financial, estate, and asset protection plans. Participants will gain indepth insights into various trust types that can effectively minimize income, estate, generation-skipping, and other taxes at both the federal and state levels. From understanding the role of trustees to exploring advanced trust strategies, this course provides practical guidance on trust implementation, operation, and optimization.

Objectives

At the end of this course, you will be able to: Demonstrate a practical understanding of when and how to implement and operate trusts within clients’ financial, estate, and asset protection plans.

Highlights

Understanding the trustee's role and effective problem avoidance strategies.

Utilizing trusts to bypass probate and streamline the wealth transfer process.

Analyzing the impact of income, gift, and estate taxes on revocable living trusts.

Leveraging marital deductions and marital and bypass trusts for optimal estate planning.

Harnessing the potential of irrevocable trusts as the cornerstone of an estate plan.

Exploring the advantages of irrevocable life insurance trusts.

Creating and managing dynasty trusts for long-term wealth preservation.

Evaluating the benefits of GRITs, GRATs, GRUTs, and QPRTs as powerful estate planning tools.

Trust options to ensure financial security for elderly clients.

Understanding the tax consequences, limitations, and advantages of charitable contributions and private foundations.

Navigating charitable remainder and charitable lead trust considerations.

Utilizing trusts as asset protection devices.

Addressing trust-related issues within business structures.

Designed For

CPAs, EAs, attorneys, bankers, and financial planners

Prerequisites

None

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Arthur Werner, President, Werner-Rocca Seminars, Ltd.

Leader Bios

Arthur Werner, President, Werner-Rocca Seminars, Ltd.

Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.

In addition, Mr. Werner is a former adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.

Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.

Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners and has presented more than 3000 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

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