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Will and Will Substitutes

Topic

Estate Planning

Program ID

233502

Hours

1.5

Format

Self-Study / Article review

Complexity

Advanced

Description

The exam materials cover a variety of estate planning topics related to trusts. Topics covered include offshore trusts; domestic self-settled spendthrift trusts; life insurance trusts; dynasty trusts; marital trusts; limits on trusts; and income taxation of trusts and estates.

Learning Objectives

Define and describe the uses of offshore trusts and domestic self-settled trusts. Define and describe the uses of life insurance trusts, dynasty trusts, and marital trusts. Identify the limits on trusts. Explain the income taxation of trusts and trust beneficiaries.