Fiduciary Income Taxation and Subchapter J: Avoiding Tax Traps in Trust and Estate Administration

Minimizing Tax on Trusts, Section 645 Election, Section 678 Withdrawal Powers, Special Planning With Existing Trusts

Note: CPE credit is not offered on this program

A live 90-minute CLE webinar with interactive Q&A

Tuesday, September 24, 2019

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, August 30, 2019

or call 1-800-926-7926

This CLE webinar will provide practical guidance to estate planners and administrators on complex federal and state fiduciary tax issues. The panel will discuss income tax rules and tax traps faced by fiduciaries, methods in minimizing unexpected income tax liabilities, and offer techniques to ensure income tax benefits for trusts and estates.


The taxation of estates, trusts and beneficiaries present unique and complex issues that require an in-depth understanding of various methods to minimize income tax liability. Estate planners and tax counsel must tackle challenges stemming from new federal tax law and state tax considerations impacting what items and who to tax on distributions from an estate or trust.

In the administration of estates and trusts under new federal tax law, a fiduciary's primary objective is to avoid any income tax traps. Income tax rules applicable to trusts and estates involve a critical analysis of the language within the existing estate and trust documentation, the realization and characterization of income, key tax considerations for existing trusts, and available income tax planning mechanisms.

Estate planners and tax counsel must acquire the necessary expertise to handle specific income tax planning and administrative issues regarding partnership interests, distributable net income, Section 645 elections, and other essential items impacting income taxation.

Listen as our panel discusses income tax rules and tax traps faced by fiduciaries, and available techniques to avoid unexpected income tax liability and ensure income tax benefits for decedents, trusts and estates.



  1. Overview of the taxation of estates and trusts under Subchapter J
  2. Structuring trusts to minimize income tax liability
  3. Challenges stemming from existing trusts and methods to overcome them
  4. Taxation of estates under Subchapter J
  5. Best practices for fiduciaries


The panel will review these and other key issues:

  • Determining what income is taxable under Subchapter J
  • Taxation of certain types of trusts and key planning considerations
  • Considerations for structuring trusts to minimize federal income tax liability for the trust and its beneficiaries
  • Overcoming challenges stemming from existing trusts
  • Calculating distributable net income
  • Section 645 elections
  • Section 678 withdrawal power over trust income
  • Income taxation of estates under Subchapter J


Willis, Russell
Russell A. Willis, III, JD, LLM

Planned Gift Design Services

Mr. Willis works as a freelance paralegal consultant with nonprofits, donors, and their advisors in structuring...  |  Read More

Additional faculty
to be announced.

Live Webinar

Buy Live Webinar
Includes Early Discount Savings of $50 (through 08/30/19)

Live Webinar


Buy Live Webinar & Recording
Includes special savings of $250 (through 08/30/19)

Live Webinar & Download


Live Webinar & DVD

$344 + $19.45 S&H

Other Formats
— Anytime, Anywhere

Includes Early Discount Savings of $50 (through 08/30/19)

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event



48 hours after event



10 business days after event

$247 + $19.45 S&H