CLE on Trust Accounting in New York

Many practitioners are not familiar with the revised accounting rules that apply totrusts that are subject to New York State law. If you draft trust documents or preparetrust returns, you have to be aware of the trust accounting income and principal rulesin New York and understand how the rules apply to trust accountings and to fiduciaryincome tax reporting positions.

In addition, the significant changes in the definition of trust accounting income underNew York State law grants the trustee certain discretionary rights in determining theamount of trust accounting income that is paid to an income beneficiary.

If you are involved in preparing trust documents or trust income tax returns or incometax returns for a trust beneficiary, you will want to enhance your understanding of thetrust accounting rules by attending this program.