Webcast: Fiduciary Accounting Part 4: The New Frontier-Total Return Trusts 2024
2.0 Credits
Member Price $75.00
Non-Member Price $100.00
Overview
Because fiduciary accounting has not kept up with the times in relation to finance and economics, it’s often tricky for the fiduciary to provide a level of benefit to the income beneficiary without negatively impacting the remainder beneficiaries. In order to modernize fiduciary accounting, new provisions provide for a more modern approach using either the “trustee’s power to adjust” or “unitrusts.” We will explore these new frontier trusts and their application to your fiduciary clients.
Highlights
- What are new frontier trusts?
- Situations where the use of the trustee's power to adjust or a unitrust can be beneficial.
- Understanding the requirements for using a particular strategy.
- Authority and requirements for the trustee's power to adjust with a problem example.
- Authority and requirements for unitrusts with a problem example.
- Including capital gains in Distributable Net Income (DNI).
Prerequisites
None
Designed For
CPAs and financial professionals.
Objectives
- Determine the requirements of a particular strategy and whether a trust can meet these requirements
- Recognize the pros and cons of making these elections
- Identify the impact on both the income and remainder beneficiary from the use of these strategies
Non-Member Price $100.00
Member Price $75.00