If you or a client has been affected by the Marshall Fire, please click here to visit our resource page.

Webinar (CA): Living Trust Administration Workshop


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, possible changes in exemptions and removal of step-up in basis, 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 lieu 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 a death. Formerly titled: Practical Workshop on Trust Administration of the Living Trust.

Learning 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.
• Determine when to file a 706 at First Death for Portability and/or QTIP election, or to hold filing the 706 and when to prepare even when not filing.

Major Topics

• Delaware Tax Trap for step-up in basis
• Affect of possible changes in exemption and elimination of step-up in basis
• Whether to file a 706 for portability election and/or Q-Tipping the Credit Trust
• 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 Trusts, QPRT, GRAT and IDGTs

California CPA Education Foundation
Course Level
CPE Field of Study
Who Should Attend

CPAs, attorneys and trust and estate planners.


General knowledge of income, estate and gift taxes.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Event Information
Dec 21, 2021
9:00 am - 4:30 pm MST
Total CPE Credits


$ (% off)


$ (% off)
Become A Member

Register for this Event

Webinar (CA): Living Trust Administration Workshop

Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now