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Living Trust Administration Workshop 4171274B
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In today's estate tax environment, 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. This how-to workshop focuses on the trust administration process on the death of the single settlor and the first spouse in a joint settlor trust.

7/26/2017
When: 9:30 AM to 5:00 PM
Where: Webinar/Webcast
CalCPA
4171274B
United States
Presenter: David B. Gaw Esq.
Contact: April Deneault
801-466-10230


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Curriculums:   Trusts and Estate Planning

NASBA Credit Category:  Taxes

CPE Hours:  8

Description

In today's estate tax environment, 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. This how-to workshop focuses on the trust administration process on the death of the single settlor and the first spouse in a joint settlor trust. Among other related topics, learn what clauses to look for in the trust; when and how to make portability and QTIP elections; 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 a death.

Formerly titled: Practical Workshop on Trust Administration of the Living Trust.

Materials are provided as an ebook.



Major Subjects

  • Delaware Tax Trap for step-up in basis
  • 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, QPRT, GRAT and IDGTs
  • Administrating other types of trusts

Objectives

  • 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 and plan for 2016-17 estate tax law.
  • Determine when to file a 706 at First Death for Portability and/or QTIP election.

Level:  Intermediate

Designed For

CPAs, attorneys and other professionals who want solutions, systems and forms to help with post-mortem living trust administration.

Advanced Prep:

None.

Prerequisite

General knowledge of income, estate and gift taxes.

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