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Course Information

Course No:  9955

Course Name:  Understanding Living Trust

Field of Study:   Taxation

Course Material:   Book: Understanding Living Trust

Author:   Vickie Schumacher

Program outline:   The course addresses living trust in a very comprehensive manner. First it develops a comparative picture between a will and a living trust. It shows the problems with probate associated with a will and how you can avoid probate by using a living trust. You can lose control over your assets in many different ways. The course addresses them one by one. It then shows how you can keep control over your assets while living and after you die by using a living trust. It also covers many other benefits of a living trust, such as preventing unintentional disinheriting and preventing court control of a minor children's inheritance. It teaches you how to plan, create, and fund a living trust. It explains the roles and responsibilities of different players, such as the grantor, the trustee, and the successor trustee, of a living trust. Various tax saving strategies are also covered in the course.

Learning objectives:  To learn the advantages of a living trust and how to create, fund, and manage one.

Program level:  Basic

Program prerequisites:  None

Advance preparation:  None

Delivery method:  Self-study

Amount of recommended CPE credit:  To be determined after pilot test

Final examination expiration date:  The program participant will have one year from the date of purchase to complete the program.