Living Trust Administration Workshop Webcast | 4191274D

Date :
November 8, 2019 8:30 AM - 4:00 PM
Location :
Webcast
Facility :
Webcast Rebroadcast
Level of Difficulty :
Intermediate
Member Price :
295.00
Nonmember Price :
400.00
CPE Credits :
CPE 8.00, MCLE 6.50, IRS-TX 8.00, CTEC-TX 8.00, MCLE LS-EP 6.50
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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, 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; 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.

Materials are provided as an ebook.

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 Subjects:

  • Delaware Tax Trap for step-up in basis
  • 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, QPRT, GRAT and IDGTs
  • Administrating other types of trusts

Advanced Prep:

None.

Misc. Information:

This course will adjourn at 4 p.m.

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Level of Difficulty:
Intermediate
Field of Interest:
Taxes
Prerequisites:

General knowledge of income, estate and gift taxes.

Designed For:

CPAs, attorneys and trust and estate planners.

Instructors

David B Gaw, Esq, Esq.

Dave Gaw advises high net worth individuals and families in all aspects of estate planning, including tax-advantaged transfers of assets, multigenerational planning, the taxation of trusts and estates and charitable giving. As a trusted advisor, he counsels a broad range of clients, including owners of national companies, closely-held businesses, and international clients with multijurisdictional contacts. He proudly lists some of California’s leading vineyard owners, wine makers, farmers and ranchers amongst his most significant clients. In his planning practice, he works closely with CPAs, investment advisors and insurance planners to ensure a coordinated approach to his clients’ needs. Dave frequently receives referrals from other estate planning lawyers and CPAS for his expertise in high end estate planning. Gaw is Gaw Van Male’s managing partner, and heads its high end estate planning practice. He is a Certified Specialist in Estate Planning, Probate, and Trust Law, designated by the State Bar of California Board of Legal Specialization. He is a former member of the Executive Committee for the State Bar of California - Estate Planning, Trust & Probate Section. He is also a Certified Elder Law Attorney of the National Elder Law Foundation, and a member of the prestigious Council of Advanced Practitioners of the National Academy of Elder Law Attorneys.

Gaw is a frequent lecturer for the State Bar of California, the Continuing Education of the Bar, the CalCPA Education Foundation, and various private groups throughout California and the nation. He is the creator The Gaw System Approach: The Art of High End Estate Planning and The Gaw System of Trust Administration, which are widely used by attorneys and CPAs. He has authored the California Trust Administration (CEB) chapters “Administering the Single-Person Trust After Settlor’s Death” and “Subtrust Allocation and Funding on the Death of the First Spouse,” and co-author of “Administering Moderate Married Settlor Trust on the Death of the First Spouse” and “Further Steps After the Death of the First Spouse.” He is also the author of the CEB Action Guides “Marital Deduction Subtrust Funding,” and “Administering a Single-Person Trust After Settlor’s Death.” He earned his juris doctor degree from University of California, Hastings College of Law in 1971, where he received the Order of the Coif; and his bachelor’s degree from the University of Colorado in 1967.

Gaw is admitted to the State Bars of California and Colorado. He was a U.C. Hastings 2015 Northern California Super Lawyers, and a Northern California Super Lawyer from 2004-2014. He holds a Martindale-Hubbell, AV Preeminent, Peer Rating (5-out-of-5) and is Avvo Rated 10-out-of-10. Gaw was the 2008 recipient of the California Continuing Education of the Bar’s Spirit of CEB Award for his contribution to the continuing education of the legal profession. In 2007, he was recipient of the CalCPA Education Foundation award for “the single all-around most outstanding Education Foundation course author;” in 2005 and 2006 he was named Outstanding Educator by the California Continuing Education of the Bar; and in 1998 he was selected as Attorney of the Year by the Napa County Legal Secretaries Association.

No Agenda or Materials posted.