Trust & Estate Guide to Terminations & Elections: A Practical Guide for Practitioners
July 2010
Trust & Estate Guide to Terminations & Elections: A Practical Guide for Practitioners
Teleseminars
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Teleseminars are midday continuing legal education conferences broadcast over the telephone. From the convenience of your office or home, you are able to dial into an 800 number, and hear nationally recognized practice leaders speak on important issues in the law. You are also able to ask them your questions. Teleseminars marry the best of technology and education to bring the world of CLE to your office or home.
Program Description
When administering or terminating a trust, practitioners have a series of important elections to make. These elections can determine the timing and level of taxation, the treatment of expenses and the funding of bequests. This program will provide you with a practical guide to the most important elections that trustees and those advising them must make when administering or terminating a trust. Among other topics, the program will discuss elections to include trust income in a prior year's tax return, to treat a revocable trust as part of an estate, the proper treatment of expenses and how valuable tax attributes are treated on termination.
- Timeline for most important elections when administering or terminating a trust
- Inclusion of a revocable trust as part of an estate under Section 645
- Election to treat include income in the prior year's return under the 65 day rule
- How to deduct estate administration expenses - on income tax return or estate tax return?
- Funding bequests on the termination of a trust
- Treatment of valuable tax attributes on termination
- Common traps when making elections
Faculty
Karen L. Goldberg is a managing director in the New York City office of RSM McGladrey, a national accounting firm, where she leads the firm's estate and trust group. Under her supervision, the group provides estate and trust services such as estate planning, post-mortem planning, and tax return preparation. For more than 20 years, Ms. Goldberg has specialized in estate planning for closely held business owners, senior corporate executives and other high net worth individuals. Prior to joining RSM McGladrey, she led Grant Thornton's trust and estate practice in the northeast. Ms. Goldberg received her B.A. from Boston University and her J.D. and LL.M. in taxation from Boston University School of Law.
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Registration Fees
| Non Member | $109.00 |
| CBA | $89.00 |
- General Credits: 1.00
- Ethics Credits:
- EDI Credits:
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