Description
Provides practitioners with the practical and technical knowledge and skills required to deliver advice in England and Wales relating to trust and estate accounting. This Advanced Certificate can be taken as part of the STEP Diploma.
This course provides practitioners with the technical knowledge and practical skills required to deliver holistic advice in England and Wales relating to trust and estate accounting.
- Gain in-depth expertise: Improve your technical knowledge of the issues arising in relation to trust and estate accounting and the laws and procedures involved.
- Practical focus: Practical advice and guidance written by practitioners, for practitioners.
- Build valuable connections: Network with like-minded professionals in varied roles and firms.
- Industry recognition: A recognised ‘gold-standard’ professional qualification for those working in the industry, and is awarded in association with Alliance Manchester Business School, a School of the University of Manchester.
What you will learn
- The principles of trust and estate accounting
- How and why trustees and personal representatives should keep accounts
- How to prepare and interpret trust and estate accounts
- The principal trusts for which accounting may be required
- The special rules relating to the accounting treatment of testamentary trusts or children
- The law governing the investment of a trust fund by trustees
- The practicalities of distributing a trust fund, including the trustees’ duty to account to beneficiaries and disclose information
- How assets are valued for probate and appropriation purposes
- How the principal type of legacies are accounted for
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