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Make the Best Use of Today's Top Trusts

We've built off our top "Trusts 101" course to give you even more unique trust structures, sample provisions language, and reasoning for which planning tools better suit specific client situations. Understand the key structures and uses of today's top trusts and anticipate administration challenges and tax consequences. Register today!

  • Get an update on the current laws and tax regs governing the trusts practice.
  • Analyze all key factors in selecting the best trust option for each unique situation.
  • Learn when and how IRA trusts are used.
  • Define powers and duties of all trust parties to smooth implementation and prevent disputes.
  • Save drafting time with sample trust language.
  • Clarify who your client is to avoid conflicts of interest and other ethical violations.
  • Minimize your client's tax burdens with effective use of trusts.

  1. Key Parties, Terms, Legal Concepts
    8:30 - 9:15, Alexis J. Kim
    1. Key Laws of Trust Drafting and Administration
    2. Current State and Federal Tax Regime Update
    3. Grantors, Beneficiaries, Trustees and Other Trust Parties
    4. Does Your Client Need a Trust?
    5. Creditor Rights in Regards to Trusts
  2. Revocable vs. Irrevocable and Revocable to Irrevocable
    9:15 - 10:00, Alexis J. Kim
    1. Revocable vs. Irrevocable
    2. When Can a Trust Become Irrevocable and the Consequences it Carries
  3. Living vs. Testamentary Trusts
    10:15 - 10:55, Monty L. Donohew
    1. When are Testamentary Trusts Used?
    2. Living vs. Testamentary Trusts for Tax Purposes
    3. Unique Funding and Administration Issues
    4. Key Provisions Review
  4. IRA Trusts
    10:55 - 11:35, Monty L. Donohew
    1. Inherited IRAs After Clark Decision
    2. IRA Trusts: Key Concepts and Design
    3. Conduit vs. Accumulation Trust
    4. Required Minimum Distributions Issues and Workarounds
    5. Sample Provisions
    6. Key Administration Challenges
  5. Medicaid-Planning Trusts
    12:35 - 1:20, Allison M. McMeechan
    1. Medicaid Eligibility in a Nutshell
    2. Asset Transfer Tactics
    3. Income-Only Trusts in Medicaid Planning
    4. How Non-Medicaid Trusts Can Affect Benefits and Estate Recovery
  6. Special Needs Trusts
    1:20 - 2:00, Allison M. McMeechan
    1. SNTs vs. ABLE Act Accounts
    2. Types of SNTs and Their Uses
    3. Tax Consequences and Benefits Preservation
    4. Allowable Expenses
  7. Asset Protection Trusts: Domestic and Offshore
    2:00 - 2:45, John E. Sullivan III
    1. Self-Settled Trusts in General
    2. Drafting the Spendthrift Provisions
    3. When to Use a DAPT
    4. Jurisdiction Issues and Comparison of Favorable Jurisdictions
    5. Tax Compliance and Reporting
    6. Using a Foreign Jurisdiction: Reasons and Methods
  8. Legal Ethics
    3:00 - 4:00, David L. Dingwell
    1. Who is Your Client?
    2. Top Malpractice Risks in Trusts Practice
    3. Fiduciary Liability Considerations
    4. Avoiding Fraudulent Transfers
    5. Testator Capacity Issues
  9. Tax Deduction with Trusts
    4:00 - 4:40, Thomas I. Hausman
    1. Taxation of Trusts
    2. Accounting vs. Taxable Income
    3. Tax Consequences of Distributions
    4. 3.8% NIIT Surtax
    5. Accumulation Distribution for Some Complex Trusts
    6. The 2% Floor on Miscellaneous Itemized Deductions
    7. Material Participation by Trusts – Recent IRS Changes
    8. Tax Consequences of Trusts in Estate Administration
    9. Grantor Trusts

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