The Trust Course

5 Credits: Taxes


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The Trust Course

Course Level
CPE Credits

5 Credits: Taxes

Course Description

Estate planers continue to emphasize trusts in their planning practices. They are being used for a wide variety of clients – not only the most wealthy, but also for a much broader part of the population. Why? Issues of financial management, asset protection, maturity concerns, matrimonial problems and tax planning can all be addressed with the use of trusts. This Course addresses why trusts are useful and necessary, and provides a survey of a wide range of trusts that are used in all aspects of planning, including simple, complex and grantor trusts, living trusts, life insurance and retirement trusts, trusts to be used in business succession planning, trusts to anticipate possible changes in the tax law, trusts for S corporation shareholders, trusts to be used in charitable planning, and special needs trusts. When they should be used by planners and clients as well as their income, gift, estate and GST tax consequences will be discussed.

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Learning Objectives

Upon completing this course, participants will be able to:

  • Gain a practical and up-to-date understanding of how and when planners recommend trusts as part of a life plan and part of an estate plan
  • Identify the basic trust relationships and how choices of fiduciary and beneficial interests are determined
  • Understand the many types of trusts available for planning in all types of client situations
  • Focus on which types of trusts will make sense to recommend to your clients
  • Look at each type of trust from the viewpoint of its tax consequences
  • Address recent developments and favorable changes for trust planning
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Course Specifics

Course ID
Revision Date
September 6, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02063-22-O
IRS Federal Tax Law Credits: 5
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1798
CTEC Federal Tax Law Credits: 5

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration 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. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …

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