Date: June 13 , 2025

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 120 Minutes

Description:

In today’s ever-changing financial landscape, having the right knowledge is essential for making informed decisions that align with your clients’ goals.

This course will provide a comprehensive introduction to trusts and their pivotal role in estate planning. We’ll cover the fundamentals of trusts, including how to choose the right structure to suit specific financial objectives. Key distinctions will be made between revocable and irrevocable trusts, including their tax implications and the important factors to consider when selecting between the two.

We’ll also explore charitable trusts, focusing on their potential to manage income taxation while highlighting the importance of maintaining charitable intent.

This CPE Webinar will dive deep into various types of trusts such as Charitable Lead Trusts, Grantor Trusts, and Qualified Subchapter S Trusts (QSSTs) and Electing Small Business Trusts (ESBTs). You’ll gain a solid understanding of their unique features and practical applications. Additionally, we will cover the essential taxation rules for trusts and estates, including exemption thresholds, tax reporting, and the need for estimated tax payments.

Finally, the course will introduce key trust clauses like overflow and defined value clauses, explaining their critical role in optimizing trust structures for maximum benefit.

We will also explore grantor trust clauses, detailing their impact on the taxation of trusts and the role of grantors in shaping trust structures. The webinar will conclude by clarifying the difference between wholly grantor and partially grantor trusts, highlighting the distinct tax implications each type carries.

Join this CE Tax Webinar for an in-depth exploration of the complex world of trusts and estates, offering valuable insights and expertise for financial professionals and anyone seeking to understand these intricate topics.

This Online CE Tax Webinar Covers the Following Key Topics:

• Legal Principles & Definitions
• Different Types of Trusts
• Trust Accounting Concepts
• Essential Trust Clauses
• Estate, Gift, and Income Tax Considerations
• Grantor Trust Taxation

Learning Objectives

• Develop a thorough understanding of trust structures and their critical role in estate planning.
• Examine the differences between revocable and irrevocable trusts and their tax implications.
• Identify and understand various trust types, including Charitable Lead Trusts, Grantor Trusts, and Qualified Subchapter S Trusts (QSSTs), as well as Electing Small Business Trusts (ESBTs), along with their unique features and uses.
• Analyze taxation rules and reporting requirements for trusts and estates, focusing on exemption thresholds and the need for estimated tax payments.

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 120 Minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Michael Miranda Owner, MIRANDA CPA & Consulting LLC
Bringing 47 years of experience with tax consulting, estate planning, and employee benefits to his work as an independent consultant, Michael is the owner of MIRANDA CPA & Consulting LLC in Sioux Falls, SD. His tax practice focuses on corporate, individual, estate and gift, and tax accounting. He also provides employee benefit planning and consultation services for qualified, non-qualified, and health and welfare benefit plans. As part of his IRS representation practice, Michael has worked with the National Office to obtain private letter rulings and exempt organization determination letters for clients, in addition to numerous EPCRS submissions and audits. As a nationally recognized tax speaker, he maintains an active schedule presenting webinars and seminars on tax law, employee benefit planning, and estate planning.

Michael spent much of his career as a CPA with a regional CPA firm located in Northwestern Iowa, retiring after 27 years as a senior manager-shareholder with said firm. Prior to this experience, he was a Tax Specialist with a Big 8 accounting firm in their South Bend and Minneapolis offices, providing tax and estate planning for individuals and small to medium-sized businesses.