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22WC-1005: Living Trust Administration Workshop (Webinar)

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

Date Monday, December 19, 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


Gain hands-on knowledge while focusing on the trust administration process on the death of the single settlor and the first spouse in a joint settlor trust. In today's estate tax environment, possible changes in exemptions and removal of step-up in basis, the answers to core questions concerning whether to file an estate tax return, make a portability election or make a QTIP election may surprise you. Learn what clauses to look for in the trust; when and how to make portability and QTIP elections; when to use the "Delaware Tax Trap" in place of QTIP election; how to educate the client concerning trust administration; and how to deal with assets outside the trust. Using checklists and forms, understand how to create a practical system for administering the living trust after death. Formerly titled: Practical Workshop on Trust Administration of the Living Trust.

Who should take this program?

CPAs, attorneys and trust and estate planners

Major subjects

  • Delaware Tax Trap for step-up in basis
  • Effect of possible changes in exemption and elimination of step-up in basis
  • Whether to file a 706 for portability election and/or Q-Tipping the Credit Trust
  • Preparation of trust accountings
  • Estate tax return requirements and opportunities
  • Tax issues related to funding
  • Use of the administrative trust
  • Dealing with "stale" trusts
  • Disclaimers in post-mortem planning
  • Trust memoranda and allocation agreements
  • Trust administration of Medi-Cal Trusts, QPRT, GRAT and IDGTs

Learning objective(s)

  • Determine how to develop a systematic approach to trust administration.
  • Identify portability and QTIP elections and when to file an estate tax return.
  • Identify how to administer a single-person trust and how to administer a two-person trust on the first death.
  • Recognize key provisions in the trust instrument.
  • Determine income and estate tax issues associated with administration.
  • Recognize the effect of estate tax law on administration.
  • Determine when to file a 706 at First Death for Portability and/or QTIP election, or to hold filing the 706 and when to prepare even when not filing.


Course code Code 22WC-1005
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. General knowledge of income, estate and gift taxes

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

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