- Address issues that arise when a trust or an estate terminates - Trust and Estate elections (including the 645 election and 65-day election) can be used as planning tools - Tax implications of funding a pecuniary bequest and proper treament of carryover items (e.g., PALs, capital losses and credits)
Learning Objectives
- Upon completion of this course, you'll be able to:
- Gain the knowledge and skills necessary to address issues that commonly arise when a trust or an estate terminates
- Understand the strategic use of Trust and Estate elections, such as the 645 election and 65-day election, as effective planning tools
- Master the intricacies of tax implications associated with funding a pecuniary bequest and the proper treatment of carryover items, such as Passive Activity Losses (PALs), capital losses, and credits
Major Topics
- Address issues that arise when a trust or an estate terminates
- Trust and Estate elections (including the 645 election and 65-day election) can be used as planning tools
- Tax implications of funding a pecuniary bequest and proper treament of carryover items (e.g., PALs, capital losses and credits)
