Thursday, May 26, 2022, 1:00 PM - 2:00 PM, ET
Presenter: Steven J. Oshins, JD, AEP
Years ago, an irrevocable trust was truly irrevocable. However, with the creation of decanting statutes in many states, “irrevocable” no longer means irrevocable. In this presentation, Steve will explain how decanting works and many of the opportunities to decant that advisors may not recognize. Whereas decanting is often viewed as a means of fixing a broken trust, you will learn to put more of the focus on decanting to enhance the asset protection, divorce protection, and tax savings that can be obtained using a trust.
- Attendees will learn what decanting is and how it works
- Attendees will learn what to look for in a trust to be able to recognize opportunities to help clients
- Attendees will learn that some states’ decanting statutes are superior to those in other states
- Attendees will learn how to increase the asset and divorce protection of a trust
- Attendees will learn how to decant a trust in order to save federal and/or state income taxes
This course is complimentary for all attendees.
States Pre-Approved: AR, CA, MO, NJ, NY, OH, OK, PA, TX, UT, VT (AK, AZ, CT, NH eligible to claim credit)
States Pending Approval: GA, IL, KS, NC, TN
1.0 credits pending (National CFP Board)
Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0
Field of Study: Taxation
Advance Preparation: None
Review Date: 5/16/2022
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In order to be awarded the full credit hours, you must be present during the entire program.
WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor ID 108255. We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. Texas State Board Sponsor ID 9610.
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