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Back to Track 3: Estate Planning

Course 3.5 · 55 minutes

Trusts for Children and Heirs: Protecting an Inheritance and Paying Trust Taxes

Design trusts that protect an inheritance from immaturity, divorce, and creditors, and understand how trust income is taxed so you do not overpay.

Who it is for
Parents and grandparents leaving more than the kids can handle at once.
Runtime
55 minutes

Pre-order: this course is still in development. Your purchase includes its materials as they are published in your portal. No release date is confirmed. Buy 5 or more and every course is 30% off.

See the full trackSee the full curriculum

After payment is confirmed and your access is set up, the files listed below can be downloaded from your portal. Any unpublished materials will be added when ready, at no additional charge.

Files currently available

  • Trust Design Decision Tree.
  • Trust Provision Menu.
  • Trust Income Tax Calculator Guide.
  • Trust Income Tax Calculator.
  • Trustee Selection Worksheet.
  • Beneficiary Information Letter Template.
  • Slide deck.
  • Visual: Roadmap.
  • Visual: Five Threats.
  • Visual: Ages vs Lifetime.
  • Visual: Trust Structure.
  • Visual: Special Needs Map.
  • Visual: Dni Flow.
  • Visual: Compressed Brackets.
  • Visual: Module 65: Day Timeline.
  • Visual: Kiddie Tax.
  • Visual: State Trust Tax.
  • Visual: Worked Example.
  • Visual: Distribute Decision Tree.
  • Visual: Traps.
  • Workbook.
  • The narrated lesson. 55 minutes, cued to the deck, with chapter markers by lesson. Added to your portal when published, at no extra cost. This purchase does not guarantee that the narrated lesson is available today.

What the course covers

  • 01Why leave money in trust: age, divorce, creditors, disability, and blended families7 min
  • 02Design choices: ages versus lifetime, the support standard, independent trustees, spendthrift clauses, and trust protectors10 min
  • 03Special needs trusts and government benefits5 min
  • 04How trusts pay tax: the compressed brackets, distributable net income, and the 65-day rule10 min
  • 05The kiddie tax and state trust taxes5 min
  • 06Worked example: a 2 million dollar trust for two children, accumulate versus distribute8 min
  • 07Tricks of the trade: distributing to lower brackets, the 65-day election, and drafting discretion well5 min
  • 08Mistakes and traps: mandatory income at 21, the beneficiary-trustee with too much power, and IRA payouts5 min

How it fits: Requires 3.1 and 3.2. Pairs with 6.6 (asset protection) and 3.6.

The standard every course holds

  • A narrated lesson of 45 to 60 minutes, produced as audio
  • A designed slide deck you download and keep
  • A computational workbook that runs the actual legal tests
  • A toolkit of checklists and protocols
  • A legal authority appendix carrying the two-pass vetting protocol

Written for a diligent reader with no legal education. Professionally narrated using a studio voice model of Brian T. Boyd. The course is recorded instruction, not a live consultation.

Where this course sits

Track 3: Estate Planning

This course is one step in a track built around a single outcome. See the full build order and the other courses that get you there.

Back to this track

Educational material from the private client curriculum of Brian T. Boyd. This is legal education for a general audience, not legal advice, and no attorney-client relationship is created by purchasing, viewing, or using it. Tax outcomes depend on your facts and your state.