Navigating the Trust Process from Start to Finish Training Class

Course ID: 20325

Navigating the Trust Process from Start to Finish Training Seminar

Skillfully Guide Clients Through the Trust Process

Your client is requesting trusts as a part of their estate and financial plans - are you confident you could give them the personalized and informed advice they need? At this comprehensive seminar you'll gain the skills and knowledge you need to ensure your clients' planning needs are met. Register today!

Be prepared to answer questions by understanding the key elements of a trust.
Identify the main parties in order to get them up-to-date on their duties and responsibilities to a trust.
Sort through the different types of trusts available so you can match the appropriate plan to each individual situation.
Recognize the essential drafting strategies that ensure well-crafted trusts.
Keep your practice above reproach by adhering to established ethical standards.
Steer clear of tax problems by ensuring your clients' trusts follow essential tax requirements.
Refine your skills so you can easily and smoothly administer the trust.


	Agenda
	ESSENTIAL KNOWLEDGE FOR WORKING WITH TRUSTS 9:00 - 10:00 Written by Tammy Koester Parks. Presented by Tammy Koester Parks in Madison and Eido M. Walny in Milwaukee. Deciphering Trusts - What They Are and How They Work Who are the Main Parties, Their Duties and Responsibilities to a Trust Advantages and Disadvantages of a Trust New Developments in Trusts RECOGNIZING THE DIFFERENT TYPES OF TRUSTS 10:00 - 10:30 and 10:45 - 11:15 Written by Daniel G. Mohan. Presented by Daniel G. Mohan in Madison and Perry H. Friesler in Milwaukee. Revocable Living Trusts - Avoiding Probate Irrevocable Trusts - Providing Tax Saving Benefits Family/Exclusion Trusts - Providing Lifetime Income Charitable Trusts - Reducing Taxable Estate and Providing Income Marital Trusts - Distributing Income and Principal for Lifetime Special Needs Trusts - Preserve Eligibility For People With Disabilities Testamentary Trusts - Directing How and Whether The Trust Money Should Be Spent MECHANICS OF DRAFTING AND EXECUTING TRUSTS 11:15 - 12:15 Written by Eido M. Walny. Presented by Daniel G. Mohan in Madison and Eido M. Walny in Milwaukee. Determining the Need or Purpose For a Trust A Modern Approach to Standard Elements and Clauses Strategies for Effective Drafting Tips for Drafting Common Trusts Executing the Trust Provisions For Changes to the Trust Instrument FUNDAMENTAL UNDERSTANDING OF ETHICS IN TRUSTS 1:15 - 2:05 Written by Perry H. Friesler. Presented by Angela M. Paulsrud in Madison and Perry H. Friesler in Milwaukee. Confidentiality in Respect to Third Parties Handling a Client Request for Use of Questionable Asset Protection Techniques What to Do When the Competency of the Client is in Question Protecting Yourself Against Malpractice Actions - How to Withdraw as Counsel SUCCESSFULLY NAVIGATING THE TAX ASPECTS OF TRUSTS 2:20 - 3:30 Written by Julie M. Bogle. Presented by Julie M. Bogle in Madison and Nathan K. Johnson in Milwaukee. Determining What Tax Factors Apply Minimizing Estate-Related Taxes Income Tax of Trusts, Estates and the Beneficiaries Capital Gains Tax Transfer Taxes Gift/Estate Taxes Generation-Skipping Tax Current Issues and Tax Law Changes HOW TO ADMINISTER A TRUST APPROPRIATELY 3:30 - 4:30 Written by Nathan K. Johnson. Presented by Tammy Koester Parks in Madison and Nathan K. Johnson in Milwaukee. Powers, Duties and Liabilities of Trustees To Third Parties Monitoring Trust Account Reporting The Importance of a Spendthrift Clause and Creditors' Rights Method of Resolving Trust Disputes Setting Up and Terminating a Trust

Audience

This basic level seminar will provide attendees with a comprehensive overview of the trust process from beginning to end. This seminar will benefit: