• videocam Live Webinar with Live Q&A
  • calendar_month May 11, 2026 @ 1:00 p.m. ET./10:00 a.m. PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparer
  • schedule 110 minutes

Evaluating Trust Documents for Tax Consequences: Trust Types, Distribution and Termination Clauses, Beneficiary Powers

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About the Course

Introduction

This course will explain common provisions found in trust documents that have meaningful tax consequences. Our panel of trust veterans will identify clauses found in trust documents that affect distributions, termination, and taxation of trusts and trust beneficiaries.

Description

The income tax treatment of different types of trusts varies significantly. Most notable is the taxation of grantor and non-grantor trusts, where the former taxes the individual who created the trust. The latter may tax the trust itself, its beneficiaries, or a combination of the two, depending on the type of trust and whether it is a simple or complex trust. The type of trust—revocable or irrevocable—influences the basis of assets held and whether beneficiaries may or may not receive a date of death step-up.

Common trust clauses impact distributions and grant powers to beneficiaries that ultimately control the trust and its beneficiaries' taxation. These include 5X5 withdrawal rights, HEMs, and spendthrift provisions. Tax professionals working with trusts need to identify and interpret common trust language that affects the taxation of the trust and its beneficiaries and the preparation of Form 1041.

Listen as our panel of trust taxation experts examines common provisions found in trust instruments for fiduciaries, tax practitioners, and trust advisers.

Presented By

Carl C. Fiore
Managing Director
Andersen, LLC

Mr. Fiore has significant experience with tax and financial matters affecting high-net-worth individuals and families. He has worked with numerous families and closely held businesses to develop and implement wealth maximization plans through the use of family entities, income tax planning, stock option planning, charitable giving strategies, and effective gift and estate tax planning.

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I. Richard Ploss, CPA, CFP, TEP
Counsel
Porzio Bromberg & Newman P.C.

Mr. Ploss is a member of the firm's Trusts and Estates Department. He concentrates his practice primarily on estate planning for high net worth individuals and their businesses, estate administration, probate litigation and fiduciary income taxation in New Jersey and throughout the East Coast.  He has extensive experience advising individual clients in the areas of wealth transfer planning and the preparation of estate planning documents. He is a Certified Public Accountant (CPA) in the state of Georgia, a Certified Financial Planner (CFP) and a Professional Registered Trust and Estate Practitioner.  He frequently publishes articles and speaks on trust and estate matters and currently serves as an Adjunct Professor, teaching Trusts & Estates at the University of Maine Law School.  

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Monday, May 11, 2026

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Types of trusts

II. Basis considerations

III. Beneficiaries and powers

IV. Distributions and taxation

V. Finalizing the trust

VI. Other income tax considerations

The panel will review these and other critical issues:

  • Determining tax differences between revocable and irrevocable trusts
  • How the type of trust influences date of death step-up
  • Identifying support and discretionary distribution clauses in the trust document
  • Deciding when a trust is terminated based on the language in the trust document

Learning Objectives

After completing this course, you will be able to:

  • Differentiate between different types of trusts
  • Distinguish between the distribution systems of simple and complex trusts
  • Recognize the advantages and disadvantages of various types of trusts
  • Decide the tax consequences of including capital gain in distributable net income
  • Identify the qualifications for making a QTIP election
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.

BARBRI, 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .