Drafting Trusts in Estate Planning

$149.00

SKU: 410860

Description

Learn how to properly and effectively draft different types of trusts for an estate plan.
In this program, the speaker will introduce the topic of using trusts in estate planning by first discussing various types of trusts, why trusts are typically used, and the parties and documentation involved in creating a trust. We will then cover how trusts are drafted and common provisions that most trust documents contain. Finally, well look at a number of specific provisions that can be included in trusts to add flexibility and carry out a clients intent. After attending this presentation, attendees should have a better understanding of the various types of trusts and how they are commonly used as part of an estate plan. Additionally, attendees will learn what provisions are important to include in the trust document and be introduced to how trusts operate.

Date: 2023-08-28 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to define various types of trusts.

* You will be able to describe the parties involved in creating and administering a trust.

* You will be able to discuss why trusts are often used as part of an estate plan.

* You will be able to explain various trust provisions, their purposes, and how they operate.

Trust Basics
• What Is a Trust?
• Parties Involved • Beneficiaries, Trustees, and More
• Documentation

Why Use a Trust?
• Avoiding Probate
• Minor Children
• Creditor Protection
• Spendthrift” Beneficiaries
• Second Marriages
• Estate Tax Planning
• Medicaid (or Other Special Needs) Planning

Types of Trusts
• Testamentary Trusts
• Inter Vivos Trusts
• Revocable Trusts
• Irrevocable Trusts

Drafting Trusts
• Standard Forms
• Automated Drafting Systems
• Relying on State Law

Common Trust Provisions
• When Trust Property Can Be Distributed
• When the Trust Terminates
• Beneficiary Changes in the Future (Such as If the Original Beneficiary Dies)
• Powers of Appointment
• Trustee Powers and Authority

Summary and Conclusions and Questions

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Enrolled Agents ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Teresa L. Bush, Esq.-InterActive Legal