Type Speaker CPD Hours Level
6 IntroductionInformation
Accreditation Information
SRA Competency B


Are you struggling preparing the accounts of a trust or a deceased estate?

Designed to give a complete grounding in the practice of accounting for trusts and estates, this live broadcast (spread over 2 sessions) will bring you up to speed quickly and effectively.

You will be provided with an understanding of why trustees and personal representatives should keep accounts and the principles of trust and estate accounting, including the records that should be kept.

You will learn who is entitled to receive accounts, and how to prepare a set of accounts from the cash book and other information (if any) provided by your clients.

You will understand the requirement to distinguish between capital and income expenditure, and how to do so, including the areas of confusion relating to the estates at the date of death.

The accounting provisions for testamentary trusts for children will be covered, including the accounting requirements when bringing trusts to an end.

What You Will Learn

This live and interactive session will cover the following:

  • The users of the accounts
  • The basic tenets of trust and estate double entry
  • The main statements
    • Estate at death account
    • Estate capital account
    • Estate income account
    • Investment schedule
    • Distribution statement
    • Balance sheet
    • Estate cash account
  • The distinction between capital and income
  • How to treat XD dividends
  • How to treat gains on assets and investments
  • Accounting for the death of the life tenant and the trust ends
  • Accounting for the death of the life tenant when the assets are held on new trusts
  • Accounting for a discretionary trust where the funds are distributed

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.

Book now

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Learn Live | 13.12.2021

N/A | 9:00am - 12:00pm

An Introductory Guide to Accounting for Trusts & Estates

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13 2021
16 2021
Session 1 
9:00am - 12:00pm

Session 2 
9:00am - 12:00pm

Prices (ex VAT)
Plan Information
Ticket Information
Individual licence
Group bookings
Discounts are available for multiple places. If you have 5 or more people interested in participating in this virtual learning session please email us at information@mblseminars.com for more information.

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