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
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Delaware Tax Trap for step-up in basis
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Portability elections and QTIP elections timing
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Affect of the 11.4 million exemption on administration
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Timing of funding
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Allocation of family residence
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Dealing with large IRAs
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Stale trust funding
Learning objective(s)
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Recognize portability and QTIP elections and the effect on subtrust funding.
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Affect of the 11.4 million exemption on the Trust Administration.
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Determine the targeted dollar amounts to be put into subtrusts and use spreadsheets to do the same where there is a three trust division.
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Understand the marital deduction and generation-skipping formulae.
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Identify particular assets to be put into different subtrusts and consider the rationale for each particular subtrust.
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Determine how to use of hypothetical facts in funding.
Who should take this program?
CPAs, attorneys, tax professionals and trust or estate planners.
Fees
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you are a
nonmember.
If you register, you will be charged
$400.00
(Standard Nonmember Fee).
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Standard Member Fee |
$295.00
|
Standard Nonmember Fee |
$400.00
|