Subtrust Funding Workshop Webcast | 4201486B

Course Details


Wednesday, July 22, 2020

5:30am – 1:00pm
(Registration: 5:00am)

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? 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.


Delaware Tax Trap for step-up in basis
Portability elections and QTIP elections timing
Affect of the 11.4 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 11.4 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.

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 $400.00

CPE Choice

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

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