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20WC-0272: Subtrust Funding Workshop (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Wednesday, July 22, 2020
10:30am - 6:00pm Central Time
8 CPE (8 technical)

Given the new estate tax environment, when should a 706 be filed for a non-taxable estate - even if not required - to take advantage of QTIP and portability elections? Balance between income tax and estate tax issues. The determination will play a pivotal role in the sub-trust funding.Dive into subtrust funding on the death of the first spouse in the context of a joint revocable trust; the effects of different estate planning techniques on subtrust funding; spreadsheets for subtrust allocation; and analyze a hypothetical fact pattern using spreadsheets. The course will also cover income tax issues related to funding; opportunities presented by QTIP; portability elections; marital deduction and generation-skipping formulae; and stale trust funding.

Major subjects

  • Delaware Tax Trap for step-up in basis
  • Portability elections and QTIP elections timing
  • Affect of the 11.4 million exemption on administration
  • Timing of funding
  • Allocation of family residence
  • Dealing with large IRAs
  • Stale trust funding

Learning objective(s)

  • Recognize portability and QTIP elections and the effect on subtrust funding.
  • Affect of the 11.4 million exemption on the Trust Administration.
  • Determine the targeted dollar amounts to be put into subtrusts and use spreadsheets to do the same where there is a three trust division.
  • Understand the marital deduction and generation-skipping formulae.
  • Identify particular assets to be put into different subtrusts and consider the rationale for each particular subtrust.
  • Determine how to use of hypothetical facts in funding.

Who should take this program?

CPAs, attorneys, tax professionals and trust or estate planners.

Fees

Our records indicate you are a nonmember. If you register, you will be charged $400.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $295.00
checkmark Standard Nonmember Fee $400.00

More program information

Location Online
Area
of study
Financial planning
Field(s)
of study
Taxes - Technical (8.0)
Level Advanced
Format Group Internet Based
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Prerequisites Prereq. General knowledge of income, estate and gift taxes.
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.