Webinar Recorded: December 14, 2017
Presented by Jeffrey L. Williamson, JD
Duration: 54 minutes
Many attorneys draft trusts for all sorts of purposes and with all sorts of income distribution provisions. Therefore, a basic understanding how trust income is calculated and taxed is essential for any estate planning or elder law attorney.
This video will cover the following:
- The difference between fiduciary accounting income and taxable income,
- The uniform principal and income act,
- Special allocations of trust income, and
- How grantor trusts provisions affect trust income accounting and distributions.