Special Problems with Partnership Interests in Estate & Trust Administration

Family partnerships continue to be a favorite estate planning vehicle. But are you prepared for the special problems they can create post mortem during funding and the estate and trust administration?

Objectives:
Based on a highly-rated session from the AICPA Conference “Tax Strategies for the High-Income Individual”, this audio session will show you how to:

• Understand the impact of the partnership’s Section 754 election.
• Determine what portion of partnership distributions are “trust income”.
• Allocate taxes on undistributed partnership taxable income between income and principal.
• Avoid taxable distributions and terminations.

Note: The Conference On-Demand will be available immediately after completing the purchase process. Access instructions will be shown on the Order Confirmation Screen and also included in the Order Confirmation Email.