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Webinar (CA): Subtrust Funding Workshop


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 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.

Learning Objectives

• 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.

Major Topics

• Delaware Tax Trap for step-up in basis
• Affect pf potential deemed sale at death and no step-up in basis
• Portability elections and QTIP elections timing
• Affect of potential change in exemption and affect on administration
• Timing of funding
• Allocation of the family residence
• Dealing with large IRAs
• Stale trust funding

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

CPAs, attorneys, tax professionals and trust or 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
Nov 19, 2021
9:00 am - 4:30 pm MST
Total CPE Credits


$ (% off)


$ (% off)
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Webinar (CA): Subtrust Funding Workshop

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