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22WC-0983: The Portable Exclusion, Marital Deduction, Survivor's and Bypass Trusts (Webinar)

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

Date Wednesday, December 14, 2022
Time 10:00am - 5:30pm
Central Time
Location Online
CPE credits CPE 8.0
of study
Taxes - Technical (8.0)
Standard Member Fee $289.00
Standard Nonmember Fee $389.00


Increasingly, clients need to simultaneously address: the estate, gift, generation-skipping, income, and property tax implications of estate plans; the pros and cons of relying on the portable exclusion to avoid estate tax; and current steps to handle a reduced exclusion and Clawback. In this course, we examine the role of the marital deduction, ways to maximize planning opportunities by building flexibility into the modern estate plan., the qualitative and quantitative implications of various strategies affecting blended families, whether to use Bypass or QTIP trusts, and whether to file a Form 706 when it's not required.

Who should take this program?

CPAs, attorneys, financial advisers, insurance advisers, trust officers, paralegals and estate planners.

Major subjects

  • The interplay of the estate, gift, generation-skipping, and income taxes.
  • Portable exclusion.
  • Marital deduction planning: rules for and reasons to use Survivor's and QTIP trusts.
  • "B" (Bypass) trusts.
  • "A" (Survivor's)/"C" (QTIP) trusts planning.
  • The new IRC Sec. 6035 reporting basis to the beneficiaries legislation and when the Form 8971 must be submitted.
  • What planners should tell their wealthy clients after the issuance of the Clawback Regulations.

Learning objective(s)

  • Determine how to properly apply recent tax and legal developments.
  • Recognize how to claim the portable exclusion at the first and second deaths, what happens if the surviving spouse remarries, and what happens when the next spouse dies.
  • Identify the pros and cons of "B" (Bypass) trusts.
  • Recognize the trend toward "A" (Survivor's)/"C" (QTIP) trusts planning, leaving out "B" (Bypass) Trusts and when it is appropriate.


Course code Code 22WC-0983
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Basic
Format Group Internet Based
Prerequisites Prereq. None

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

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