Fiduciary Accounts: Soup To Nuts
|Date / Time:
||5/31/2017 / 1:00 pm - 2:30 pm EST
This webinar will focus on the truly collaborative nature involving multiple parties each with their own roles and responsibilities.
Topics will include a description and identification of the various types of fiduciary accounts and their differences and commonalities.
Fiduciary accounts have one thing in common, they are all controlled by some form of documentation. Obtaining a clear understanding of the document's pertinent provisions is an essential first step for all of the involved parties.
This class will teach you how to analyze, understand and quickly recognize the controlling document's most important provisions and relevance.
What Is a Fiduciary Account and When Is It Needed?
Identification of the Primary Parties Involved, Their Functions and Responsibilities
- Savings or Deposit Account, the Funds of Which Are Owned by One Party but Are Managed by Another (Such as an Agent, Bank, or Trustee) for the Owner's, or a Beneficiary's, Benefit
- Typical Examples
- Probate Estate
- Custodial Account
- Escrow Account
What Are Some of the Common Elements in Fiduciary Documents?
- BULLET 1
- Grantor, Settlor, Trustor
- Fiduciary Documentation
Roles and Responsibilities – Collaboration Required
- How to Recognize and Understand Key Provisions and Their Practical Application
- Trust Certification
- Power of Attorney
- Flow Charts
About The Presenter
- Investment Advisor
- Insurance Agent
- Probate Court
- Reporting and Compliance Requirements
Ronald A. Friedman, CPA, CFP, PFS
- Founding partner of Friedman Brannen LLP
- In addition to being a Certified Public Accountant, he is a Certified Financial Planner with more than 30 years of experience in the financial services industry
- Member of the Personal Financial Planning Section of the AICPA and is certified as a Personal Financial Specialist
- Unique CPA practice focuses almost exclusively on estate and gift tax and related issues, which include lifetime estate tax planning, tax compliance, post-mortem trust administration, representation before the Internal Revenue Service, and complex fiduciary accounting
- Frequent speaker for professional organizations, including the San Diego Estate Planning Council, the California CPA Society, The North County Bar Association, The La Jolla Estate Planning Trust and Probate Section and the Institute of Management Accountants (IMA) Annual Conference and Exposition Tax Panel; has been a featured guest on a number of local radio shows and has published many articles in national professional journals
- Bachelor's and Master's degrees, University of Connecticut
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.
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|About The Provider:
||Lorman Education Services has provided educational seminars and online training for professionals since 1987.
Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.
That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.
Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
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