Living Trust Administration Workshop
Tuesday, April 22, 2025
10 a.m.-5:30 p.m. Central
8 CPE (8 technical)
Course code: 25WC-0025
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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, with a change of the exemption in 2026, 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.
Major subjects
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The steps in Trust Administration
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Delaware Tax Trap -its unique use
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Change of the exemption in 2026 and its impact
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Whether to file a 706 for portability election and/or Q-Tipping the Credit Trust
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Preparation of trust accountings
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Trust administration of Medi-Cal Trusts, QPRT, GRAT and IDGTs
Learning objectives
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Determine: Proper steps for a particular trust administration and the related estate and income tax issues
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Recognize: Tax, accounting, and funding issues in every administration and educating clients of the need of a trust administration and the importance of your role
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Identify: Assets, provisions in estate plans and the affects on each particular administration and understanding that each administration is situational to the respective facts
Who should take this program?
- CPAs, attorneys and trust and estate planners.
Pricing
|
Standard Member Fee |
$299.00
|
 Standard Nonmember Fee |
$399.00
|
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