Product Description

Contrary to what clients may believe, estate planning doesn’t end after the execution ceremony. Wills, trusts, and incapacity instruments are meant to be living documents, and should be updated regularly and as needed to account for changes in the law and major life events for clients and their beneficiaries. This program discusses common motivations for a client to update their estate plan during their lifetime, who may have the power to amend, and the downstream effects an amendment or restatement may cause to other documents. The speakers review tax considerations and special situations where particular care must be taken when amending (e.g., changing domicile). The speakers also review common logistical and drafting pitfalls, what issues are likely to result in a future dispute, and how potential issues and ambiguities can be addressed even after documents become irrevocable or when an estate plan remains incomplete at death. 

Agenda & Materials

• 9:30 - 9:50 am

  Amending Revocable Documents

  • Who can amend?
  • When should clients update?
  • Amendments/restatements versus a new plan
  • Special considerations

  Aimee Fukuchi Bryant, Esq., Fiduciary Trust Company , Boston
  
• 9:50 - 10:10 am

  Common Pitfalls and Consequences

  • Changes most subject to challenge
  • Failure to address prior documents and existing and foreseeable circumstances
  • Disclosure to some but not all beneficiaries and inconsistent communication

  Marshall D. Senterfitt, Esq., Holland & Knight LLP , Boston
  
• 10:10 - 10:25 am

  Amending Irrevocable Documents

  • Judicial methods
  • Nonjudicial methods

  Panel
  
• 10:25 - 10:30 am

  "Ask the Experts" Q&A Session and Key Takeaways

  Panel
  

Please Note

MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.

Cochairs

Fees

• $130.50 - MCLE Sponsor Member
• $72.50 - New Lawyer
• $72.50 - Pending Admittee
• $72.50 - Law Student
• $72.50 - Paralegal
• $145.00 - All Others

To apply for a need-based scholarship for this program, email scholarships@mcle.org.

Available FREE with an MCLE OnlinePass^® subscription.