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The Living Trust, The Charitable Trust, and Trust Alternatives

Exam Questions: 20
Course Level: Basic
Pages: 94 | Content: 86, Supplemental: 8
NASBA Area of Study: Finance
Not Acceptable for: Enrolled Agents
Version: 6040K

Trusts are widely used in both financial and estate planning. This course provides an overview of two of the most widely used trusts, the living trust and the charitable trust. It also reviews some alternatives to trusts that can be used to achieve certain financial objectives. PLEASE NOTE: Not accepted for Enrolled Agents. Course material is similar to #5565: An Accountant's Guide to Trusts; therefore, we recommend that you should not take both courses in the same CPE reporting period. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • The Living Trust - Myth and Reality
  • Charitable Trusts
  • Trust Alternatives: Conservatorship, Powers of Attorney and Life Insurance
Objectives
  • To identify the features of living trusts and how they can be used
  • To identify the estate planning benefits of charitable giving and the various types of charitable trusts available
  • To identify some of the trust alternatives available for managing an estate

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.