Best Seller

Trusts, Estates & Probate

Live Online

Income Taxation of Trusts, Estates, and Individuals

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 7.2 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 7 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
Arizona CPE for Accountants Approved 7 Total
New York CPE for Accountants Approved 7 Total
Washington CPE for Accountants Approved 7 Total
Wisconsin CPE for Accountants Approved 7.2 Total
CPE for Accountants/NASBA Approved 7 Total
Live Online + OnDemand
6 hours
Emma Hilton
Nicole Tomlin
C. Page Hamrick
Okyeame Haley
Australia Alba
With Emma J. Hilton from Londonderry Law + 4 others

Mon, Jan 12, 00:00 AM – 00:00 PM

Product ID 101415

Register For Course

Course Includes
$389

Live Webinar Registration

OnDemand Video

Video Download

Course Book Download

OnDemand content will be available within 7 days of event date.

or
Upgrade to Unlimited CLE and Get This Course
$129/Month
All Inclusive CLE subscribers save an average of $3,000/year on CLE costs.

Overview

Actionable Tax Tips for Estate Planning

Income tax is one of the top priority drivers when it comes to wealth preservation and transfer. Get the fundamental overview of income taxation of trusts and estates and practical guidance on planning tools to control tax burdens. Register today!

  • Get an update on the governing laws and regulations.
  • Distinguish between taxable and accounting income.
  • Explore common trust deductions and learn how to claim them correctly.
  • Review the key income tax forms and checklists to prevent inconsistencies and errors.
  • Learn how the estate's deductions and administrative expenses are properly recorded.
  • Guard your professional reputation with a tailored legal ethics instruction.

Abbreviated Agenda

  1. Relevant Tax Laws Overview and Update
  2. Types of Trusts and How They're Taxed
  3. Checklist of Tax Issues to Consider when Drafting the Estate Plan
  4. Taxable Income Calculations
  5. Trust Deductions, Elections, Expenses
  6. Who Owns the Income at the Death of the Decedent?
  7. Form 1041 and Schedule K-1 Preparation: What You Need to Know
  8. Legal Ethics
  9. Deductions and Expenses of an Estate

Related Topics

Product ID 101415

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 7.2 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 7 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
Arizona CPE for Accountants Approved 7 Total
New York CPE for Accountants Approved 7 Total
Washington CPE for Accountants Approved 7 Total
Wisconsin CPE for Accountants Approved 7.2 Total
CPE for Accountants/NASBA Approved 7 Total
Select Jurisdiction
CLE
Other

Agenda

All times are shown in

  1. Relevant Tax Laws Overview and Update

    1. Gift, GST, Estate Tax Rates and Exemptions
    2. Portability
    3. How Trusts are Taxed
    4. State Trust Decanting Statutes
    5. When a Trust can Use a Grantor's Tax ID and When it Needs its Own ID
    6. IRA Planning After the SECURE Acts

  2. Types of Trusts and How They're Taxed

    1. Revocable vs. Irrevocable
    2. Simple vs. Complex Trusts
    3. Intervivos vs. Testamentary
    4. Grantor Trust Toggling
    5. Trust Asset Valuation and Tax Consequences

  3. Checklist of Tax Issues to Consider when Drafting the Estate Plan

  4. Taxable Income Calculations

    1. Taxable Income vs. Accounting Income
    2. Calculating the Distributable Net Income
    3. Tax Consequences of Distributions
    4. Accumulation Distributions for Some Complex Trusts
    5. Discretionary Distributions in Lieu of Tax

  5. Trust Deductions, Elections, Expenses

    1. Trust Tax Deductions
    2. Choosing the Estate's Taxable Year
    3. Recognizing Expenses
    4. Qualifying for the 199A 20% Deduction
    5. Tax Implications of a Trust Becoming Irrevocable
    6. Tax Elections and Other Post-Mortem Planning

  6. Who Owns the Income at the Death of the Decedent?

    1. Probate Assets
    2. Life Insurance
    3. Retirement Benefits
    4. Survivorship and Payable on Death Accounts
    5. Income in Respect of Decedent

  7. Form 1041 and Schedule K-1 Preparation: What You Need to Know

  8. Legal Ethics

    1. Guarding Confidentiality
    2. Engagement Agreements
    3. Attorney Fees and Client Trust Accounts
    4. Conflicts of Interest
    5. Attorneys Acting as Fiduciaries

  9. Deductions and Expenses of an Estate

    1. Checklist of Tax Considerations at the Death of the Client
    2. Income Tax Reporting at Estate Administration
    3. Transfer Taxes
    4. Executor Compensation and Other Fiduciary Fees
    5. Charitable Deductions
    6. Allowable Administrative Expenses of the Estate

Who Should Attend

This program is geared for attorneys. Accountants, estate planners, trust officers, tax professionals, and paralegals may also benefit.

Speakers

Emma J Hilton
Emma J.
Hilton
Londonderry Law
Nicole C Tomlin
Nicole C.
Tomlin
Hanlon Niemann & Wright, P.C.
C. Page Hamrick III
C. Page
Hamrick, III
C. Page Hamrick III, Attorney at Law
Okyeame Haley
Okyeame
Haley
Haley Law Practice L.L.C.
Australia Alba
Australia
Alba
The Law Offices of Michael Shawn
Speaker bio
Emma J Hilton

Emma J. Hilton

Londonderry Law
Emma Hilton

is an attorney with Londonderry Law, where she practices in the areas of tax law, estate planning, tax research, tax preparation and business planning. Ms. Hilton earned her LL.M. degree in taxation from New York University; her B.A. degree, cum laude, from the University of Massachusetts/Lowell; and her J.D. degree from Boston College Law School. She is currently admitted in both Massachusetts and New Hampshire.

View full profile
Speaker bio
Nicole C Tomlin

Nicole C. Tomlin

Hanlon Niemann & Wright, P.C.
Nicole Tomlin

is a partner at Hanlon Niemann & Wright, P.C. She focuses her practice on estate planning and estate administration for families who have a family member with a disability, creation of first party special needs trusts and third party supplemental benefits trusts, guardianship, and accessing services from the Division of Mental Health and Addiction Services and the Division of Developmental Disabilities. Ms. Tomlin serves as a court appointed attorney to those alleged to be incapacitated and court appointed guardian ad litem. She is a graduate of Bucknell University and Rutgers University School of Law. Ms. Tomlin earned her an L.L.M. degree in taxation from Villanova University Charles Widger School of Law. She is an adjunct faculty member of the Villanova University Charles Widger School of Law Graduate Tax Department. Ms. Tomlin is also a member of the Elder Law Sectio, Disability Section and Tax sections of the New Jersey State Bar Association; a member of the National Academy of Elder Law Attorneys; and a member of the Monmouth County Bar Association Chancery Practice Committee.

View full profile
Speaker bio
C. Page Hamrick III

C. Page Hamrick, III

C. Page Hamrick III, Attorney at Law
C. Page Hamrick

, J.D., CPA, is the principal of the Charleston law firm of C. Page Hamrick III, Attorney at Law. He has concentrated his practice in the areas of divorce law, tax and corporate estate law. Mr. Hamrick has served as a family law master, as assistant attorney general, as counsel to the West Virginia Legislature and as a hearing officer for numerous state agencies. He is a certified public accountant. Mr. Hamrick has testified as an expert witness in matters involving federal and state tax, financial analysis and real estate. He is a member of The West Virginia State Bar, American Association of Attorney-CPAs and West Virginia Society of Certified Public Accountants. Mr. Hamrick regularly teaches tax and law courses at Marshall University and has taught accounting at West Virginia University-Tech. He earned his B.S.B.A. and J.D. degrees from West Virginia University and his M.B.A. degree from the Marshall University (formerly WVCOGS).

View full profile
Speaker bio
Okyeame Haley

Okyeame Haley

Haley Law Practice L.L.C.
Okyeame Haley

is an attorney with his own private practice, Haley Law Practice L.L.C. He practices in the areas of trust and estate planning, and business formation. Mr. Haley is a member of the Louisiana State Bar Association, ElderCounsel, and WealthCounsel. He earned his bachelor's degree in finance from Xavier University of Louisiana, his J.D. degree from Howard University School of Law and his LL.M. degree from Washington University School of Law. Mr. Haley was chief deputy clerk for the Louisiana Supreme Court, research attorney on the U.S. House of Representatives Banking and Finance Committee, and a law clerk for Orleans Parish Civil District Court Judge Angelique Reed. He is also a retired law clerk for Louisiana Supreme Court Chief Justice Bernette Joshua Johnson. Mr. Haley is licensed to practice law in Louisiana and recently completed the Goldman Sachs 10,000 Small Business Entrepreneurship program.

View full profile
Speaker bio
Australia Alba

Australia Alba

The Law Offices of Michael Shawn
Australia Alba

is an attorney at The Law Offices of Michael Shawn. As an international lawyer with parallel law degrees in the civil-law and common-law systems, she focuses her practice on ERISA and employee benefits law, estate planning and transactional business tax law. Ms. Alba earned her LL.M. degree in taxation from Georgetown University Law Center, her J.D. degree from University of Miami School of Law, her LL.M. degree from University of Pennsylvania Law School, and her LL.B. degree from Pontificia Universidad Catolica Madre y Maestra in the Dominican Republic. She is admitted to practice law in Florida, New York, and the District of Columbia.

View full profile

TOP FAQs

How do I access my courses?
Courses are available within your account. Simply login to your account and click on My Courses. If you require additional assistance please call our Customer Service Department at 800-930-6182.
Do you have options for attendees who are deaf or hard of hearing?
Closed captioning is available for all Live Webinars. After you've joined the event room, you can enable closed captioning by clicking the "cc" button in the lower right of the player.
What happens if my course is cancelled?
In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
When will the OnDemand be available and how long will I have access to the content?
The OnDemand Video will be available to stream within 14 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
What is included with my course purchase?
When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
Will I receive a certificate of completion?
Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
Can multiple people watch courses and request credit?
While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

Have more questions? Please Contact Us