Terminating and Funding Subtrusts

Course Details


Friday, January 24, 2020

4:30am – 12:00am
(Registration: 4:00am)

Field of Study


Course Number


CPE Credit

8.0 hours CPE credit

Level of Knowledge



CalCPA Education Foundation


General knowledge of income, estate and gift taxes.


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? 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.

Formerly titled: Subtrust Funding Workshop

Materials are provided as an ebook.


  • Delaware Tax Trap for step-up in basis
  • Portability elections and QTIP elections timing
  • Affect of the 11.2 million exemption on administration
  • Timing of funding
  • Allocation of family residence
  • Dealing with large IRAs
  • Stale trust funding


  • Recognize portability and QTIP elections and the effect on subtrust funding.
  • Affect of the 11.2 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.

Designed For

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

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $375.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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