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A Detailed Overview of Estate Planning Procedure and Strategy

Do you have all the knowledge and skills you need to draft tailored testamentary documents and minimize the taxable estate for each of your clients? This comprehensive course will become your ultimate guide to estate planning. You will receive tips, sample forms and answers to your most pressing questions to help you excel. Get the latest knowledge on effective will and trust planning techniques - register today!

  • Learn about the NEW RCW 11.125 Power of Attorney Statute.
  • Get practical will and trust drafting skills to speed up the process and give the testator's last wishes power.
  • Minimize the taxable estate with effective tax planning techniques.
  • Explore the functions and mechanics of major trust structures - and make certain you choose the right tool for each job.
  • Phrase the fiduciary and beneficiary designations to leave no room for interpretation.

  1. KEY ELEMENTS OF EFFECTIVE WILLS
    8:30 - 9:00, David B. Shotwell
    1. Establishing Statutory Framework
    2. Types of Wills
    3. Testator's Competency - Verifying and Documenting
    4. Beneficiary Designations and Distributions in Retirement Plans and Life Insurance
    5. Titling Assets
    6. Sample Will Provisions
    7. Updating Will Documents
  2. BASIC TAX PLANNING
    9:00 - 10:00, Patrick W. McNulty
    1. Estate Tax Update
    2. Step-Up Basis of Various Assets
    3. Gift Tax and Exclusions
    4. Generation-Skipping Transfer Tax
    5. Planning for the Final Income Tax Return
    6. Trusts Used for Tax Reduction
    7. Disclaimer Trusts
    8. Crummey Powers and the IRS
    9. Typical Creditors and How to Deal with Them
    10. Simple Tips for Minimizing Tax Burden
  3. NEW RCW 11.125 POWER OF ATTORNEY STATUTE & CONSIDERATIONS
    10:15 - 11:15, Jeffrey R. Ropp
    1. NEW Washington Law on Power of Attorney
    2. Advanced Medical Directives
    3. DNR Orders and Organ Donor Considerations
  4. BUSINESS SUCCESSION PLANNING
    11:15 - 12:00, Patrick W. McNulty
    1. When the Business is Transferred to the Beneficiary in Full
    2. Buy-Sell Agreement Basics
    3. Business Structure Conversion
    4. Minimizing Tax Burden in Transferring Ownership
    5. Business Valuation and Sale
  5. TRUSTS 101
    1:00 - 1:45, Renee Grandinetti
    1. Types, Goals and Functions of Trusts
    2. Major Laws Governing Trust Creation and Administration
    3. Who are the Main Parties? Their Duties and Responsibilities to a Trust
    4. Revocable vs. Irrevocable
    5. Choosing Trust Situs
    6. Trust Funding Basics
  6. WHO IS THE FIDUCIARY?
    1:45 - 2:30, Nickole E. Morgan
    1. Personal Representatives and Trust Officers: Powers and Duties
    2. Helping Clients Pick the Fiduciary(ies)
    3. Your Contact with the Personal Representative
    4. Trust Protectors and Advisers
    5. Fiduciary Liability
  7. REVOCABLE LIVING TRUSTS
    2:45 - 3:10, Diane J. Kiepe
    1. Traditional Estate Planning vs. Revocable Trust Planning
    2. Pros & Cons
    3. Drafting Tips and Samples
    4. Common Mistakes to Avoid
  8. STATE VS. FEDERAL TAX ISSUES
    3:10 - 3:40, Diane J. Kiepe
    1. Federal vs. Washington State
    2. Deceased Spousal Unused Exclusion ("DSUE")
    3. Qualified Terminable Interest Property and Step-Up in Basis
    4. Practical Tips on Filing an Estate Tax Return
  9. ETHICAL CONSIDERATIONS
    3:40 - 4:40, David B. Shotwell
    1. Defining Who Your Client is From the Start
    2. Handling Clients with Diminishing Mental Capacity
    3. Lawyers Acting as Fiduciaries
    4. Estate Status Updates for Clients - Why it Pays Off and How to do it Efficiently
    5. Getting Paid: Billable/Non-Billable Hour and Retainer Agreements
    6. Preventing Unauthorized Practice of Law by Legal Staff
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VT South Burlington12/4/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day575.002039487
CA San Diego12/12/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day575.002039491
NC Charlotte12/14/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day575.002039493
TN Nashville12/14/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day575.002039497
NV Henderson12/18/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day575.002039486
OR Portland12/18/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day359.002039492
OK Oklahoma City12/18/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day575.002039489
NC Asheville12/18/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day575.002039482
TN Memphis12/20/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day575.002039500
OK Tulsa12/20/2017 9:00:00 AM<span class="course-type type-c" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'ILT')" onmouseout="clearHoverInfo()">C</span>1 day575.002039499
Virtual Live2/13/2018 11:00:00 AM<span class="course-type type-v" style="cursor:default;word-wrap:normal;display:inline-block;" onmouseover="showHoverInfo(this, 'ProductTypeDescription' ,'VILT')" onmouseout="clearHoverInfo()">V</span>1 day339.002040294
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