Fiduciary Accounting for Estates and Trusts

Instructor

Doug
Van Der Aa

Financial accounting for trusts and estates is one of the least understood branches of accounting. It is not particularly concerned with recording income and expenses but is obsessed with determining whether receipts and expenditures are assigned to income or principal/corpus. This course will dive into this tricky area and provide a reporting guide for fiduciary accounting.

Learning Objectives

Apply a working knowledge of the financial accounting rules for estates and trusts
Identify planning and potential pitfalls

Major Topics

10 Principles of Tax Accounting for Trust Income
Entity accounting income and Form 1041
Uniform Principal and Income Act
Discretionary Power to Adjust
Allocations between principal and income
Trust accounting issues

CPE Credits Available

4 CPE

4: Accounting

Things to Know About This Course

Course Level

Intermediate

Professional Area of Focus

Accounting

Advanced Preparation

None

Intended Audience

Practitioners and members in industry seeking to gain a better understanding of fiduciary accounting of estate and trusts issues

September 2, 2025