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Understand All the Wealth Planning Options Available to Your Clients

Planning your clients' financial future and legacy is diverse and complex, with a unique tool for every unique client situation. In this fast-paced comprehensive program, our faculty will guide you through the plethora of trust options and give you a straightforward, incisive analysis of when and how each can be used for maximum effect. Explore the goals, functions, administration hurdles, and tax implications of the top trusts in the practice. Choose the best tool for the job every time - register today!

  • Weigh all the pros and cons to select the best trust options for specific client situations.
  • Anticipate tax consequences of various trusts.
  • Use sample trust language our faculty provide to save drafting time and avoid mistakes.
  • Clarify the powers and duties of trustees in different trusts.
  • Compare living and testamentary trusts for straightforward estate planning.
  • Distinguish between accounting and taxable income and learn how trust income tax is reported.
  • Review common ethical missteps that can cost you your license - and how to avoid them.

  1. What are Trusts? Main Trust Principles
    8:30 - 9:15, Written by J. Aaron Nelson Jr. Presented by J. Aaron Nelson Jr. in Charleston and Thomas D. Kilpatrick in Columbia.
    1. Trust Terms, Concepts and Definitions
    2. Key Parties in a Trust and Their Roles
    3. The Laws of Trust Creation and Administration (UTC, UPA, UPIA, etc.)
    4. Trust Revocability and its Implications
    5. Trust Funding Basics
    6. Creditor Rights in Regards to Trusts
    7. Does the Client Need a Trust?
  2. Simple Testamentary Trusts and Revocable Living Trusts
    9:15 - 10:00, Written by Christina Demos Wynn. Presented by Christina Demos Wynn in Charleston and Thomas D. Kilpatrick in Columbia.
    1. When are Testamentary Trusts Used?
    2. Living vs. Testamentary Trusts for Tax Purposes
    3. Trust Funding Mistakes and Consequences
    4. Top Trust Administration Issues
    5. Sample Trust Language
  3. Tax Reduction with Trusts
    10:15 - 11:05, Written by Christina Demos Wynn. Presented by Christina Demos Wynn in Charleston and Erin A. Cook in Columbia.
    1. Current State and Federal Tax Regime
    2. Taxation of Trusts: Transfer and Income
    3. Accounting vs. Taxable Income
    4. Tax Consequences of Distributions
    5. Tax Implications of a Trust Becoming Irrevocable
    6. Accumulation Distribution for Some Complex Trusts
    7. The 2% Floor on Miscellaneous Itemized Deductions
    8. Material Participation by Trusts - Recent IRS Changes
    9. Tax Consequences of Trusts in Estate Administration
  4. Grantor Trusts
    11:05 - 11:55, Written by J. Aaron Nelson Jr. Presented by J. Aaron Nelson Jr. in Charleston and Erin A. Cook in Columbia.
    1. Types of Grantor Trusts and When They are Used
    2. Intentionally Defective Grantor Trusts
    3. Tax Planning, Requirements and Consequences
    4. Trustee Powers and Duties
    5. Grantor Trust Status and Reporting
    6. Exceptions to the Rules
    7. Sample Trust Language
  5. Charitable Trusts
    12:55 - 1:45, Written by Jeffrey K. Gurney. Presented by Evan Guthrie in Charleston and Jeffrey K. Gurney in Columbia.
    1. When are Charitable Trusts Used?
    2. CRTs vs. CLTs
    3. Tax Planning, Requirements and Consequences
    4. Trustee Powers and Duties and Administration Issues
    5. Exceptions to the Rules
    6. Charitable Planning in Smaller Estates
    7. Sample Trust Language
  6. Other Trust Structures and Issues
    1:45 - 2:35, Written by Alyson C. Fudge. Presented by Alyson C. Fudge in Charleston and Jeffrey K. Gurney in Columbia.
    1. Minors' Trusts
    2. IRA Trusts
    3. Pet Trusts
    4. Medicaid Trusts
    5. Asset Protection Trusts
    6. Irrevocable Life Insurance Trusts
    7. Incomplete Non-Grantor Trusts
    8. Gun Trusts
    9. Trust Decanting, Modification and Dissolution
    10. Smaller Estate Trusts
    11. Constructive Trusts
  7. Special Needs Trusts (SNTs)
    2:50 - 3:40, Written by Alyson C. Fudge. Presented by Alyson C. Fudge in Charleston and Sarah L. Clingman in Columbia.
    1. When are SNTs Used? (SNTs vs. ABLE Act Accounts)
    2. Types of SNTs
    3. Tax Consequences of SNTs
    4. Preserving Benefits Eligibility
    5. Trustee Powers and Duties (What Can the Distributions be Used for?)
    6. Sample Trust Language
  8. Legal Ethics
    3:40 - 4:40, Written by J. Ashley Twombley. Presented by J. Ashley Twombley in Charleston and Susan J. Firimonte and Eddie McDonnell in Columbia.
    1. Who Is Your Client? The Most Important Question in Trusts Practice
    2. Top Legal Malpractice Risks
    3. Testator Capacity Issues
    4. Dealing with Trust Beneficiaries
    5. Protecting Confidentiality
    6. Preventing Fiduciary Misconduct
Find a class and register in three easy steps:
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    • C Classroom
    • V Virtual Live
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    • O Online
OR Medford11/29/2017 8:30:00 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 day349.002039590
NY Poughkeepsie11/30/2017 8:30:00 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 day349.002039597
OR Bend11/30/2017 8:30:00 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 day349.002039593
KY Bowling Green12/4/2017 8:30:00 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 day349.002039600
KY Louisville12/7/2017 8:30:00 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 day349.002039589
OH Canfield12/18/2017 8:30:00 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 day359.002039592
OH Akron12/19/2017 8:30:00 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 day359.002039596
OH Independence12/20/2017 8:30:00 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 day359.002039599
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