Agenda

Webinar instructions will be emailed 24-48 business hours before the date of the webinar. 

Please log into the webinar 15 – 30 minutes before start time.


Wednesday, August 6, 2025
8:30 am – 4:40 pm CDT


Agenda:
Presented by Bill Schretter and Ed Morrow

Trusts and Estates Overview Including Tax Considerations

  • Basic framework for typical estate plan
  • Taxation of estates: estate tax overview
  • Taxation of estates: income tax overview
  • Taxation of trusts overview
  • Grantor trusts: income tax overview
  • Various unique types of trusts

Principles of Fiduciary Income Taxation

  • Trust accounting income
  • Distributable net income
  • Simple trusts
  • Complex trusts
  • Special rules

Income Taxation of Estates and Simple and Complex Trusts

  • IRS Form 1041, line by line
  • Income
  • Dividends
  • Capital gains
  • Other income
  • Expenses and deductions
  • Credits
  • Alternative Minimum Tax (AMT)
  • Other concepts from Form 1041 and schedules

Practical Examples to Put It All Together

  • Section 642(c) election example
  • QSST example
  • Simple and complex trust examples
  • Grantor trust example
  • Final year example

 

Webinar Instructions 
 
All attendees must log-on through their own email – attendees may not watch together if they wish to earn continuing education credit. HalfMoon Education Inc. must be able to prove attendance if either the attendee or HalfMoon Education Inc. is audited. 

Certificates of completion can be downloaded in PDF form upon passing a short quiz. A link to the quiz will be sent to each qualifying attendee immediately after the webinar. The certificate can be downloaded from the Results page of the quiz upon scoring 80% or higher. 

Webinars are presented via GoToWebinar, an easy-to-use application that can be run on most systems and tablets. Instructions and login information will be provided in an email sent close to the date of the webinar. It is highly recommended that you download, install and test the application before the webinar begins by clicking on the link in the email. 

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Windows 10 or higher, macOS 11 or higher, Linux, Google Chrome OS 

Web Browser:  
Google Chrome (most recent 3 versions) 
Microsoft Edge (most recent 3 versions) 

Internet connection: 1 Mbps or better 

Hardware:  2GB of RAM (minimum), 4GB or more of RAM (recommended) 

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Credits

Accountants
8.0 CPE Hours

Attorneys
6.5 60-minute CLE Hours (AZ, CA, CT, NH, PA, TX, VT)

Attorneys
8.0 50-minute CLE Hours (FL, NY)

IRS Enrolled Agents
8.0 CE Credits

CFP Board - Certified Financial Planner Board of Standards
8.0 CE Hours (Tax Planning)

 

Continuing Education Information

This webinar is open to the public and offers accountants 8.0 CPE credit hours (based on 50-minute hours) of intermediate-level group internet-based CPE credits in the area of taxation. Knowledge in federal taxation is beneficial, and no advance preparation is recommended. NASBA Sponsor No. 103015.

HalfMoon Education 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

This course offers 8.0 continuing education credit hours for IRS enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g). HalfMoon Education Inc. is a CFP Board-registered continuing education sponsor. The Certified Financial Planner Board of Standards, Inc. has granted 8.0 continuing education credit hours to the course.

The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 6.5 hours toward your annual CLE requirement for the State Bar of Arizona.

HalfMoon Education in an approved MCLE Multiple Activity Provider for California attorneys (No. 8370); this webinar is designed to qualify for 6.5 CLE hours to California attorneys.

This course has been approved by Florida Bar for 8.0 general CLE credits. This approval qualifies the webinar for Alaska and Connecticut attorneys.

HalfMoon Education is an approved CLE provider for Pennsylvania attorneys (No. 1613); this webinar offers 6.5 CLE hours to Pennsylvania attorneys.

HalfMoon Education is an approved CLE provider for Texas attorneys (No. 8306); this webinar offers 6.5 CLE hours to Texas attorneys.

HalfMoon Education is an approved CLE provider for Vermont attorneys.

This webinar may qualify for 6.5 CLE credits for attorneys in New Hampshire and other states where CLE providers and courses are not subject to preapproval.

HalfMoon Education is certified by the New York State CLE Board as an Accredited Provider of CLE programs. This nontraditional format course offers 8.0 Areas of Professional Practice CLE hours which are appropriate for experienced attorneys. HalfMoon Education will provide financial hardship assistance to New York attorneys who wish to attend this event. Contact Frank Chapman at fchapman@halfmoonseminars.org for details and to apply.

Attendance will be monitored, and attendance certificates will be available after the webinar for those who attend the entire course, respond to prompts, and score a minimum 80% on the quiz that follows the course (multiple attempts allowed).

*On-Demand Credits*

The preceding credit information only applies to the live presentation. This course in an on-demand format is not pre-approved by any organizations or licensing boards.

Speakers

Ed Morrow

Estate Planning Co-Chair, Estate + Trust Administration Co-Chair, Kelleher + Holland, LLC, Attorneys at Law

Mr. Morrow is a legal professional with a distinguished background in tax law, having transitioned his focus to specialize in estate planning and trust law. Holding the prestigious designation of Certified Mergers and Acquisitions Advisor®, he also serves as a non-public FINRA arbitrator and holds the esteemed position of Fellow at The American College of Trust and Estate Counsel. Renowned nationally, Mr. Morrow is among the most sought-after experts in the field, known for his depth of knowledge and expertise. He co-authored the acclaimed publication, “The Tools & Techniques of Estate Planning,” a foundational resource utilized for the Certified Trust Financial Advisor designation.

Bill Schretter, CLU®, ChFC®, CFP®, ATA®, CFCS®, AEP®, LSSBB®, CFC®, EA®

Experienced financial advisor, compliance manager, and income tax preparer

Mr. Schretter is an experienced financial advisor, compliance manager, and income tax preparer. In his 25-year career, he has helped many clients with both their estate planning and their estate settlement process. He is the Founder of The Legacy Message TM, where people record messages of love, appreciation, and advice to leave behind for future generations. Mr. Schretter really enjoys helping people to achieve their life and legacy goals. You can see a more detailed curriculum vitae on his website, www.BillSchretter.com.