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Live Webinar

90-minute live streaming program
  • April 24
  • 1:00 - 2:30 pm EST

Rules of Trust Administration in Louisiana

April 24

Successfully manage your clients' trust creation and administration needs.

In many instances, the Settlor would like to provide who receives the principal if the initial principal beneficiary dies before the end of the trust. There are specific rules on how to do this. In this material, how this shifting may occur will be explained. We will specifically discuss the problems and what can be and what cannot be done.

Learning Objectives

- You will be able to describe the procedures necessary to amend a trust.

- You will be able to discuss the rules for determining when a Settlor has the ability to shift interest and principal.

- You will be able to explain the accounts that are required to be prepared by the trustee.

- You will be able to review what is involved in determining whether a revocable trust should elect to be taxed as an estate.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Testamentary Trust
  • What If You Name a Testamentary Trust as the Beneficiary of a Life Insurance Policy, but Revoke the Will Establishing the Testamentary Trust and Execute a New Will Containing a Testamentary Trust Bearing the Same Name as the Prior Trust?
  • Should a New Beneficiary Designation Be Executed?
Rules for Determining Settlor's Ability to Shift Interest in Principal
  • Rules
  • Exceptions
  • Revocable Trust
  • May a Revocable Trust Elect to Be Treated as an Estate at the Settlor's Death?
    • How Is This Election Made?
    • How Long Can This Election Last?
  • Accounting Required by Trustee
    • When Are Reports Due?
    • Penalties for Not Providing Reports
  • Amending Trusts
    • Revocable Trusts
    • Irrevocable Trusts
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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CFP (Pending)
     
  • Acceptance for CE credit is pending with the Certified Financial Planner Board of Standards, Inc.
     
  • LA CLE 1.5
     
  • This program has been approved by the Louisiana State Bar MCLE Committee for 1.5 CLE hours.
     
  • CPE 1.5 including Specialized Knowledge and Applications 1.5
     
  • Lorman Education Services 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 web site: www. learningmarket.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge and Applications for 1.5 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group-Live and Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
  • Lorman Business Center, Inc. has 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. This program qualifies for 1.5 hours of continuing professional education.
     

Who should attend?

This live webinar is designed for attorneys, accountants, CPAs, trust administrators, trust officers, bankers, financial planners, presidents, vice presidents, CFOs, controllers, tax managers and insurance professionals.

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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Carl S. Goode

Seale & Ross PLC

  • Partner in the Baton Rouge, Louisiana office of Seale & Ross PLC
  • Practice focuses primarily on Federal and Louisiana taxation, estate planning, estate administration, and elder law
  • Regularly conducts seminars and workshops on Federal tax matters, estate planning manners, and elder law issues
  • Achieved the highest rating with Martindale-Hubbell Law Directory
  • Certified estate planning and administration specialist and a tax law specialist by the Louisiana Board of Legal Specialization
  • J.D. degree, Louisiana State University Law School; LL.M. degree, Washington University; B.S. degree, Louisiana State University
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 399060
Published 2017
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