S23-Charitable Remainder Trusts

Thursday, June 27 | 3:30 pm - 5:10 pm
Track: Trusts
CE Categories:
     2 hours Federal Tax Law (EA, CRTP, OTRP)
     2 hours Taxes/Tax Planning (CPA, CFP)
     1.75 hours Taxation Law (Attorney – CA Bar MCLE)
     2 hours (CSEA/NAEA)
SpeakerClaudia Hill, EA, MBA

Description: You don't have to be charitable to benefit from a charitable remainder trust. This session introduces you to the types and uses of charitable remainder trusts through three case studies illustrating the benefits.  Preparation of Form 5227 will be distinguished from preparation of Form 1041 to understanding the major differences between split-interest trusts and more common trusts reported on Form 1041.

Learning Objectives
1. Understand the most common reasons CRTs are created                                         
2. Identify the differences between tax reporting for CRTs vs. other irrevocable trusts                 
3. Review the key differences between Form 5227 and Form 1041

Learning Level: Intermediate

Prerequisites: Basic understanding of trust or estate concepts

Advanced Preparation: None