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

Overview

This course provides an in-depth exploration of trusts and their pivotal role in financial, estate, and asset protection strategies. Designed to give practitioners the tools to make informed decisions, this course covers the implementation, operation, and optimization of various trust types. It includes a detailed examination of the tax benefits, practical uses, and management techniques for trusts in estate planning and wealth preservation. Participants will gain a thorough understanding of when and how to utilize trusts to achieve specific client goals, from minimizing income, estate, and generation-skipping taxes to ensuring long-term financial security and asset protection. The course offers practical insights into advanced trust strategies and trustee responsibilities to help optimize clients’ plans for future generations.

Objectives

Identify when and how to implement various types of trusts in estate planning.
Evaluate the role and responsibilities of trustees.
Use trusts to minimize income, estate, and generation-skipping taxes.
Leverage marital deductions and bypass trusts for tax-efficient estate transfers.
Integrate irrevocable trusts as key components of asset protection.
Assess the benefits of dynasty trusts for long-term wealth preservation.
Apply GRATs, GRUTs, and QPRTs in estate planning strategies.
Analyze the tax consequences and benefits of charitable trusts and private foundations.
Evaluate how SECURE 2.0's 10-year distribution rule impacts the use of trusts for inherited retirement accounts.

Highlights

The role, responsibilities, and best practices for trustees, including strategies to avoid common pitfalls.
Utilizing trusts to bypass probate, streamline wealth transfers, and ensure financial security for elderly clients.
Analyzing the impact of income, gift, and estate taxes on revocable living trusts, and leveraging marital deductions, bypass trusts, and irrevocable trusts for optimal estate planning.
Exploring the advantages of irrevocable life insurance trusts and dynasty trusts for long-term wealth preservation.
Evaluating the benefits of GRITs, GRATs, GRUTs, and QPRTs as powerful estate planning tools.
Understanding the tax consequences, limitations, and advantages of charitable contributions, charitable remainder trusts, and private foundations.
Utilizing trusts as asset protection devices and addressing trust-related issues within business structures

Designed For

CPAs, EAs, attorneys, bankers, and financial planners

Prerequisites

Basic knowledge of estate planning and tax concepts.

Preparation

None

Notice

To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.

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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