CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Grantor Trusts: Uses and Benefits

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

In this course from Claudia Hill, she will take you through a frequently used estate planning tool, Grantor Trusts. This course will especially focus on the use of GRAT’s (Grantor Retained Annuity Trusts), IDGTs (Intentionally Defector Grantor Trust), and QPRT (Qualified Personal Residence Trusts). We will talk about how these are used, the benefits of using them, and cover specific filing requirements- how they get reported, how they get integrated into the grantor’s personal return, or whether a 1041 needs to be done.

Learning Objectives

Upon completing this course, participants will be able to understand:

  • Grantor Type Trusts
  • Most Common Uses of Grantor Trusts
  • Special Reporting Instructions
  • Advantage and Disadvantages of creating an IDGT
  • GRIT’s, GRAT’s, and GRUT’s
  • Transferring a Personal Residence to a Trust
  • QPRT with Grantor Retained Interest Provision
  • When the Terms of PRT or QPRT Expire?
  • Is It Possible to Void or Terminate the QPRT if it is no Longer Needed?
  • Intentionally Defective Grantor Trust (IDGT)

Course Specifics

Course ID
WC1822275437
Revision Date
January 19, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01978-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1715
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Claudia Hill Headshot
Claudia Hill, EA, MBA

Claudia Hill, EA, MBA, is a nationally recognized tax professional and a frequent lecturer on taxation of individuals and representation before the IRS. She’s the editor in chief of CCH’s Journal of Tax Practice & Procedure, coauthor of CCH Expert Treatise Library: Tax Practice and Procedure, and a frequent presenter for both live and audio CPE seminars. Named a Top Ten Nominee by Tax Analysts as 2011 Person of the Year, she coordinates a “dream team of tax controversy advisors” for the IRS Watch blog on Forbes.com. Claudia served on the 1987 Commissioner’s Advisory Group to the National Office of the IRS. She’s the owner and principal of …

Claudia Hill, EA, MBA Read More »

Grantor Trusts: Uses and Benefits

Expert Instructors
CPE CREDITS
2 Credits: Taxes

$98.00


Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

In this course from Claudia Hill, she will take you through a frequently used estate planning tool, Grantor Trusts. This course will especially focus on the use of GRAT’s (Grantor Retained Annuity Trusts), IDGTs (Intentionally Defector Grantor Trust), and QPRT (Qualified Personal Residence Trusts). We will talk about how these are used, the benefits of using them, and cover specific filing requirements- how they get reported, how they get integrated into the grantor’s personal return, or whether a 1041 needs to be done.

Learning Objectives

Upon completing this course, participants will be able to understand:

  • Grantor Type Trusts
  • Most Common Uses of Grantor Trusts
  • Special Reporting Instructions
  • Advantage and Disadvantages of creating an IDGT
  • GRIT’s, GRAT’s, and GRUT’s
  • Transferring a Personal Residence to a Trust
  • QPRT with Grantor Retained Interest Provision
  • When the Terms of PRT or QPRT Expire?
  • Is It Possible to Void or Terminate the QPRT if it is no Longer Needed?
  • Intentionally Defective Grantor Trust (IDGT)

Course Specifics

Course ID
WC1822275437
Revision Date
January 19, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01978-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1715
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Claudia Hill Headshot
Claudia Hill, EA, MBA

Claudia Hill, EA, MBA, is a nationally recognized tax professional and a frequent lecturer on taxation of individuals and representation before the IRS. She’s the editor in chief of CCH’s Journal of Tax Practice & Procedure, coauthor of CCH Expert Treatise Library: Tax Practice and Procedure, and a frequent presenter for both live and audio CPE seminars. Named a Top Ten Nominee by Tax Analysts as 2011 Person of the Year, she coordinates a “dream team of tax controversy advisors” for the IRS Watch blog on Forbes.com. Claudia served on the 1987 Commissioner’s Advisory Group to the National Office of the IRS. She’s the owner and principal of …

Claudia Hill, EA, MBA Read More »

Grantor Trusts: Uses and Benefits

Expert Instructors
CPE CREDITS
2 Credits: Taxes

Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.

$98.00