Fiduciary Accounting for Estates and Trusts
Live Webcast Replay

Fiduciary Accounting for Estates and Trusts


Total Credits: 4 including 4 Accounting - Technical

Average Rating:
  4.5   (1 comments)
Category:
Accounting and Auditing |  ACPEN Industry Institute
Faculty:
Douglas J. Van Der Aa, CPA, JD
Course Levels:
Intermediate
Duration:
4 Hours
License:
Access for 30 day(s) after program date.


Description

Financial accounting for trusts and estates is one of the least understood branches of accounting.  Fiduciary accounting is not particularly concerned with recording income and expenses, but is obsessed with determining whether receipts and expenditures are assigned to income or principal/corpus. Only after that is known can the Trustee begin to make their required and discretionary distributions to beneficiaries.  However, very few non-corporate trustees have any idea of what is required for proper trust accounting and reports.  This course will dive into this tricky area and provide a reporting guide for fiduciary accounting.

Basic Course Information

Learning Objectives

* Apply a working understanding of fiduciary accounting for estates and trusts

* Gain a working knowledge of the rules as they relate to fiduciary accounting

* Discuss planning and potential pitfalls.


Major Subjects

*Examine provisions of the Uniform Principal and Income Act

* Mandatory and discretionary allocations and adjustments (did you know that depreciation is a Discretionary adjustment?)

* Trustees ability to override the fallback rules

* Review the contents of a proper set of trust accounting statements


Course Materials

Faculty

Douglas J. Van Der Aa, CPA, JD Related seminars and products: 6

Discussion Leader

Van Der Aa Tax Ed, LLC


Doug is a lively and energetic speaker – especially on the subject of taxes and ethics. He has been a highly rated speaker and seminar leader for CPA Associations and other organizations throughout the country for more than 18 years.

Doug has over 25 years of professional experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. As a CPA, Doug’s practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

Doug taught for 12 years as an Adjunct Instructor and for one year as Assistant Professor of Accounting and Taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.  He earned his Bachelor of Arts degree with a major in accounting from Dordt College and his Juris Doctor from the University of Illinois College of Law.

Doug is an avid sailor and lives with his wife Mary and three children in Byron Center, Michigan.


Dates

Tue, Nov 27, 2018 - 10:00a to 02:00p EST
Wed, Dec 12, 2018 - 08:00a to 12:00p EST
Thu, Dec 27, 2018 - 08:00a to 12:00p EST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Practitioners and members in industry seeking to gain a better understanding of the rules and application of fiduciary accounting to estate planning and trusts.
Original Recording Date 05/31/2017
Yellow Book No
Course Developer Douglas J. Van Der Aa, CPA, JD
Date Added to Catalog 05/18/2017

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. 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


Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Promo Video

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