Funding Trusts in Estate Planning

$149.00

SKU: 411471

Description

Ensure that your clients estate planning is complete and avoid major pitfalls down the road.
Drafting a trust is only the beginning of a clients estate planning process. Funding the trust is the more timeconsuming and often arduous task where mistakes can easily be made. Drawing on his experiences dating back to the mid1990s, our presenter will explain all the steps that you need to undertake to ensure that the estate planning is complete, as well as mistakes to avoid. A very practical and handson webinar for all levels of practitioners.

Date: 2024-07-10 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to identify the methods for funding a trust.

* You will be able to You will be able to identify important factors regarding Real Estate.

* You will be able to recognize success factors, as well as mistakes to avoid when transferring various accounts.

* You will be able to recognize key components in documentation for a successful transfer.

Methods of Funding a Trust • Four Options
• Intervivos Transfer
• Payable-on-Death Designation
• Heggstad/Restatement Listing of Assets
• Pour-Over Will

Grantor Trust Rules

Impact of Internal Revenue Code Sec. 2036

Transferring Real Estate to a Trust
• Warranty/Quitclaim Deeds
• Beneficiary (Payable-on-Death) Deeds
• Out-of-State Deeds
• Condo and Housing Cooperatives
• Mobile Homes

Bank and Brokerage Accounts

Boats

Life Insurance Policies
• 3-Year Rule

Retirement Accounts

Savings Bonds

Shares of Marketable Securities

Shares of Closely-Held Non-Public Entities

Transferring Encumbered Property

Valuations of Trust Assets

Using Certifications of Trust and Other Forms of Proof of Authority

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

Thomas J. Murphy-Murphy Law Firm, Inc.