Mastering Fiduciary Accounting Income for Estate Planners and Administrators
Interpreting Operating Documents, Applying UPIA and State Law, Designing Distribution Strategies, Avoiding Beneficiary Challenges
A live 90-minute CLE video webinar with interactive Q&A
This CLE/CPE course will provide estate planners with a comprehensive and practical guide to navigating the complexities of fiduciary accounting income (FAI) for trusts and estates. The panel will focus on the impact of FAI on planners and estate administrators and will detail how to interpret essential trust and estate provisions to apply to FAI calculations. The program will focus on planning implications of FAI considerations, including distribution strategies and specific allocation challenges under trust accounting principles.
Outline
- Specific challenges in allocating income and expenses to FAI
- UPIA factors in calculating FAI
- Impact of FAI on trust distributions
- Tax considerations such as distributable net income inclusion on distribution strategies
- Planning considerations and traps to avoid
Benefits
The panel will review these and other key issues:
- How operating documents impact FAI calculations
- Interpreting state laws and UPIA provisions in circumstances where operating documents are silent or inconclusive
- Reconciling FAI to distributable net income and trust taxable income
- How FAI determines distribution amounts and timing
Faculty

Katie Hansen
Advisory Supervisor
BPM
Ms. Hansen is an experienced Accountant and CPA in the Private and Public Sector with focused skills on Accounts... | Read More
Ms. Hansen is an experienced Accountant and CPA in the Private and Public Sector with focused skills on Accounts Payable, Accounts Receivable, multi-level entity structures, intercompany reconciliations, Month End Close, Financial Review, financial concierge services, ERP system integration services, Audit and Tax preparedness. She provides a unique range of tax, assurance (GAAP, international standards, etc.), and financial support services.
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Evan Sandler, CPA, MST
Tax Director
BPM
Mr. Sandler is a Tax Director at BPM with a specialty in estate and trust tax. He graduated from the University of... | Read More
Mr. Sandler is a Tax Director at BPM with a specialty in estate and trust tax. He graduated from the University of California at Santa Cruz with a major in Political Science in 1992.
CloseEarly Discount (through 07/11/25)