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Webinar (CA): The Portable Exclusion, Marital Deduction, Survivor’s and Bypass Trusts


Increasingly, clients need to simultaneously address: the estate, gift, generation-skipping, income, and property tax implications of estate plans; the pros and cons of relying on the portable exclusion to avoid estate tax; and current steps to handle a reduced exclusion and Clawback. In this course, we examine the role of the marital deduction, ways to maximize planning opportunities by building flexibility into the modern estate plan., the qualitative and quantitative implications of various strategies affecting blended families, whether to use Bypass or QTIP trusts, and whether to file a Form 706 when it’s not required. 

Learning Objectives

• Discuss recent estate planning developments, including the elimination of the “Stretch IRA” by the SECURE Act and clarification of Clawback.
• Determine how to properly apply recent tax and legal developments.
• Recognize how to claim the portable exclusion at the first and second deaths, what happens if the surviving spouse remarries, and what happens when the next spouse dies.
• Identify the pros and cons of “B” (Bypass) trusts.
• Recognize the trend toward “A” (Survivor’s)/”C” (QTIP) trusts planning, leaving out “B” (Bypass) Trusts and when it is appropriate.

Major Topics

• The interplay of the estate, gift, generation-skipping, income and property taxes.
• Portable exclusion.
• Marital deduction planning: rules for and reasons to use Survivor’s and QTIP trusts.
• “B” (Bypass) trusts.
• “A” (Survivor’s)/”C” (QTIP) trusts planning.
• The new IRC Sec. 6035 reporting basis to the beneficiaries legislation and when the Form 8971 must be submitted.
• The SECURE Act’s impact on estate planning.
• What planners should tell their wealthy clients after the issuance of the Clawback Regulations.

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

CPAs, attorneys, financial advisers, insurance advisers, trust officers, paralegals and estate planners.

J. Randy Gardner


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
Jun 15, 2021
9:00 am - 4:30 pm MST
Total CPE Credits


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Webinar (CA): The Portable Exclusion, Marital Deduction, Survivor’s and Bypass Trusts

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