You have no items in your shopping cart.
Search
Filters

Gaw on Subtrust Funding

Webinar: May 7 (Tuesday) - 9:00am to 5:00pm

 

This program is NOT just for taxable estates. This is your opportunity to learn how to apply David Gaw’s advanced-level, step-by-step approach to subtrust funding whether or not there is a tax is anticipated on the second death.

 

6 hours MCLE Credit

Specialization: Estate Planning, Trust and Probate Law; Taxation law

This program is NOT just for taxable estates. This is your opportunity to learn how to apply David Gaw’s advanced-level, step-by-step approach to subtrust funding whether or not there is a tax is anticipated on the second death.

The Gaw system, an invaluable practice tool used by estate and trust lawyers throughout California, is an integrated trust administration system that incorporates optimal tax consequences and efficient case management.

Improper subtrust funding can give rise to serious adverse tax and nontax consequences such as loss of deductions, exemptions and discounts. In this course, David Gaw will give you the tools you need to maximize the tax benefits available (both estate and income) through a well-planned and well-executed distribution and allocation process.

Mr. Gaw will examine the issues of subtrust funding on the death of the first spouse in the context of a joint revocable trust. He will spend considerable time showing you how to create spreadsheets for subtrust allocation, for calculating targets, and analyzing a hypothetical fact pattern using the spreadsheets. He will also cover income tax issues related to funding, timing of funding, non-probate allocation of community property, establishing the dollar target for subtrusts, examining marital deduction and generation skipping formulae, determining where to take deductions, choosing particular assets for subtrusts, including how to deal with the family residence or large IRAs and discount planning on subtrust funding. Significant time will be spent on stale trust administration. 

Don’t miss David Gaw’s master class on his sophisticated and systemic approach to subtrust funding.

 Program Highlights:

  • Use of spreadsheets in asset allocation
  • Use of hypothetical facts in both two and three trust funding
  • How Portability and Q-Tipping the Credit Trust affect funding
  • Can you not fund the Credit Trust?
  • How use of “Delaware Tax Trap” affects funding
  • Income tax issues related to funding
  • Timing of funding
  • Establishing dollar target for subtrusts and using spreadsheets to calculate the same
  • Marital deduction and generation skipping formulae
  • Determining where to take deductions
  • Choosing particular assets for subtrust funding
  • Discount planning on funding trusts
  • Stale trust administration

This is an intermediate level course and assumes some experience in estate planning and/or administration.

Livecast ES75650-190

May 7 (Tuesday), 2019 - 9:00am to 5:00pm

 

If you are signed in and a CLE Passport holder, your adjusted cost appears below.

$ 439.00

This program is NOT just for taxable estates. This is your opportunity to learn how to apply David Gaw’s advanced-level, step-by-step approach to subtrust funding whether or not there is a tax is anticipated on the second death.

The Gaw system, an invaluable practice tool used by estate and trust lawyers throughout California, is an integrated trust administration system that incorporates optimal tax consequences and efficient case management.

Improper subtrust funding can give rise to serious adverse tax and nontax consequences such as loss of deductions, exemptions and discounts. In this course, David Gaw will give you the tools you need to maximize the tax benefits available (both estate and income) through a well-planned and well-executed distribution and allocation process.

Mr. Gaw will examine the issues of subtrust funding on the death of the first spouse in the context of a joint revocable trust. He will spend considerable time showing you how to create spreadsheets for subtrust allocation, for calculating targets, and analyzing a hypothetical fact pattern using the spreadsheets. He will also cover income tax issues related to funding, timing of funding, non-probate allocation of community property, establishing the dollar target for subtrusts, examining marital deduction and generation skipping formulae, determining where to take deductions, choosing particular assets for subtrusts, including how to deal with the family residence or large IRAs and discount planning on subtrust funding. Significant time will be spent on stale trust administration. 

Don’t miss David Gaw’s master class on his sophisticated and systemic approach to subtrust funding.

 Program Highlights:

  • Use of spreadsheets in asset allocation
  • Use of hypothetical facts in both two and three trust funding
  • How Portability and Q-Tipping the Credit Trust affect funding
  • Can you not fund the Credit Trust?
  • How use of “Delaware Tax Trap” affects funding
  • Income tax issues related to funding
  • Timing of funding
  • Establishing dollar target for subtrusts and using spreadsheets to calculate the same
  • Marital deduction and generation skipping formulae
  • Determining where to take deductions
  • Choosing particular assets for subtrust funding
  • Discount planning on funding trusts
  • Stale trust administration

This is an intermediate level course and assumes some experience in estate planning and/or administration.

DAVID B. GAW

DAVID B. GAW

Iconic estate planning attorney David Gaw is the founder and managing partner of Gaw Estate Planning in Napa. Having previously worked for more than 40 years as the co-founder of Gaw Van Male, David Gaw chose to follow his passion and launch an exclusive firm focused solely on estate planning. Dave is  a Certified Specialist in Estate Planning, Probate, and Trust Law, and a Certified Elder Law Attorney. He received his J.D. from Hastings College of the Law. www.gawestateplanning.com

Products specifications
MCLE HOUR 3.1 - 9
PRACTICE AREA Estate Planning
PRODUCT GROUP CLE
PRODUCT GROUP Digital
SUBTOPICS Planning
SUBTOPICS Trusts and Estates
SUBTOPICS Trust & Probate Practice
SPECIALIZATION Estate Planning, Trust and Probate Law; 6 hours (B) Estate Planning
SPECIALIZATION Estate Planning, Trust and Probate Law; 6 hours (D) Administration of decedents' estates
SPECIALIZATION Taxation law: 6 hours (H) Estate, Gift Tax and Estate Planning
Products specifications
MCLE HOUR 3.1 - 9
PRACTICE AREA Estate Planning
PRODUCT GROUP CLE
PRODUCT GROUP Digital
SUBTOPICS Planning
SUBTOPICS Trusts and Estates
SUBTOPICS Trust & Probate Practice
SPECIALIZATION Estate Planning, Trust and Probate Law; 6 hours (B) Estate Planning
SPECIALIZATION Estate Planning, Trust and Probate Law; 6 hours (D) Administration of decedents' estates
SPECIALIZATION Taxation law: 6 hours (H) Estate, Gift Tax and Estate Planning