Estate Planning for Nontaxable Estates: Portability, Credit Shelter Trusts, Fiduciaries, Tax Elections

Recording of a 90-minute CLE/CPE video webinar with Q&A

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Conducted on Thursday, March 24, 2022

Recorded event now available

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Course Materials

This CLE/CPE course will guide estate planners and advisers through key planning techniques for nontaxable estates. The panel will discuss making portability elections, utilizing credit shelter trusts, basis planning for income taxes, administrative and fiduciary elections, disclaimers, gift tax elections, and other key considerations.


The implications of fluctuating asset values and the current estate and gift tax regime affect estate planning for everyone, including estates that are considered nontaxable. Estate planners must recognize the planning obstacles and critical issues for modest estates and implement techniques to facilitate the intent of their clients.

For modest estates, planners must consider a variety of issues such as (1) the mechanics of making portability elections; (2) gift tax elections; (3) challenges of utilizing or modifying trusts; (4) basis planning for income taxes and (5) issues and elections involving interests in a partnership or S corporation. In addition, understanding the benefits of life insurance planning and lifetime gifting for these types of estates can ensure optimum estate and income tax planning.

Listen as the panel discusses making portability elections, navigating state death tax issues, utilizing credit shelter trusts, administrative and fiduciary elections, disclaimers, gift tax elections, and other essential considerations for modest estates.



  1. Key planning issues for nontaxable estates
  2. Portability vs. credit shelter trusts
  3. Gift tax and other available elections
  4. Basis planning for income taxes
  5. Administrative and fiduciary considerations


The panel will discuss these and other key issues:

  • What are the key estate planning areas of focus for modest estates?
  • When should you make a portability election and what issues can arise?
  • How can you build flexibility into documents to allow for stepped up basis for income taxes at beneficiary’s passing?
  • What are credit shelter trusts and are there any circumstances where they are preferred over portability?
  • What administrative and fiduciary elections and filing options are available for decedent's final income tax return?
  • How can conversions, life insurance planning, and lifetime gifting be used for optimum planning for estate owners?
  • What other planning techniques should counsel consider for nontaxable estates?


Allen, Charles
Charles J. Allen

Edmondson Sage Allen

Mr. Allen focuses his practice on estate planning, income tax planning, business planning, and probate and estate...  |  Read More

Edmondson, S. Gray
S. Gray Edmondson

Edmondson Sage Allen

Mr. Edmondson practices in partnership, corporate, and individual tax planning; business transactions, including...  |  Read More

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