This course was recorded live at the 2023 New Money Summit.
Everyone is selling trusts now, but should your clients be buying? In this session we'll discuss some common types of trusts with some real-life examples about how they can go wrong. We'll also discuss trusts your clients may be hearing about from financial advisors and insurance agents. And finally we'll discuss what your role is in setting up and maintaining trusts as a tax professional. Before you advise clients to set up a trust, join me to hear horror stories and best practices.
Learning Objectives
Upon completion of this course, participants will be able to:
Understand a variety of trust structures and how clients can use them in their planning
Understand your role in the life-cycle of a trust
Spot planning areas that might cause issues in the future
Address questions about common marketed trust structures
Major Topics
Trust Terminology
Marital Trust vs Credit Shelter Trust
QPRTs
Berkshire Hathaway Stock
