Description
This course will dive into the fundamentals of fiduciary accounting and provide a reporting guide for determining whether receipts and expenditures are assigned to income or principal/corpus.
- Delivery Format: Live Webcast Replay
Designed For
Practitioners and members in industry seeking to gain a better understanding of fiduciary accounting of estate and trusts issues
Objectives
- Apply a working knowledge of the financial accounting rules for estates and trusts
- Identify planning and potential pitfalls
Highlights
- Fundamentals of fiduciary accounting
- Uniform Principal and Income Act
- Mandatory and discretionary allocations and adjustments
- Address the trustees ability to override the fallback rules
- Review the contents of a proper set of trust accounting statements
Advanced Prep
None
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Leaders
ACPEN Panel
No Biography Available