Living Trust Administration Workshop WEBCAST

Overview

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.

Highlights

The steps in trust administration. Delaware Tax Trap - its unique use. Change of the exemption in 2026 and its impact. Whether to file a 706 for portability election or Q-Tipping the Credit Trust. Preparation of trust accountings. Trust administration of Medi-Cal Trusts, QPRT, GRAT and IDGTs.

Prerequisites

General knowledge of income, estate, and gift taxes.

Designed For

CPAs, attorneys, and trust and estate planners.

Objectives

Determine the proper steps for a particular trust administration and the related estate and income tax issues. Recognize tax, accounting, and funding issues in every administration. Educate clients of the need of a trust administration and the importance of your role. Identify assets and provisions in estate plans and the affects on each particular administration. Understand that each administration is situational to the respective facts.

Preparation

None.

Notice

None.