Overview of Trusts  

This course provides a comprehensive overview of the multifaceted world of trusts, examining their unique role in asset control, protection, and tax planning for clients. Designed for professionals who wish to deepen their understanding, the course covers everything from the basics of trust formation and key terminology to intricate topics such as revocable and irrevocable trusts, estate tax strategies, asset protection, and probate avoidance. You'll explore specialized trusts like Qualified Terminal Interest Property (QTIP) trusts, Intentionally Defective Grantor Trusts (IDGTs), and Dynasty trusts, as well as unique planning techniques such as gift splitting and generation-skipping tax strategies. With insights into California-specific probate and tax regulations and the duties and considerations of trustees, this course is essential for anyone advising clients on how to preserve wealth and navigate complex trust structures effectively.

This basic-level course is most beneficial to professionals new to trusts who may be at the staff or entry level in an organization. The course is also for an experienced professional with limited exposure to this topic but who needs to start developing an awareness of the issues.