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, we’ll look at a number of specific provisions that can be included in trusts to add flexibility and carry out a client’s 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 in the trust document and be introduced to how trusts operate.
Date: 2024-11-01 Start Time: End Time:
Learning Objectives
Trust Basics
• What Is a Trust? Is a Trust a Person?
• Parties Involved • Grantor, Trustees, Beneficiaries
• Trust Agreement
Why Use a Trust?
• Privacy Concerns
• Avoiding Probate
• Estate Tax Planning
• Creditor Protection
• Spendthrift Beneficiaries
• Minor Children
• Special Needs Planning
Types of Trusts
• Testamentary Trusts (Through a Will)
• Revocable Trusts
• Irrevocable Trusts
• The Acronyms of Trusts
Drafting Trusts
• Standard Forms
• Automated Drafting Systems
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
• Grantor Trust Powers
• Trustee Powers and Authority
• Investment Advisors
• Trust Protectors
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Philip J. Tortorich-Actuate Law LLC
