Understanding & Using Trusts: MCLE BasicsPlus!®
A thorough foundation in every aspect of the trust process
- Product Number: 2220125P01
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CLE Credits, earn up to:
6 substantive credits, 0 ethics credits CLE Credit Note -
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Product Description
Product Description
Every estate planner knows that trusts are an essential and widely used estate planning tool, but not all estate planners have the in-depth understanding of trusts they really need in order to serve their clients effectively. A thorough understanding of trust formation and administration is critical across many areas of specialization, including tax, real estate, finance, litigation, elder law, and nonprofit law. It is equally important when advising clients to understand the technical rules governing trusts and how Massachusetts statutes and common law may affect both trustees and beneficial interest holders.
Experts guide you step-by-step through the life of a trust, from beginning the trust to ongoing administration to wrapping up. They analyze the latest updates and provide valuable advice on key, cutting-edge issues. You leave with a thorough overview of how trusts work and how to use them to achieve your clients’ goals.
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Agenda
Agenda & Materials
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9:30 - 9:32 am
Welcome and Introduction
on demand video Add to CartJennifer F. Galvagna, Esq., Bank of America, Private Bank , Boston
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9:32 - 10:05 am
Trusts: Basic Estate Planning
on demand video Add to Cart- Probate vs non-probate property
- Intervivos vs testamentary
- Family Issues, dispositive and non-tax aspects
- Transfer tax vs income tax issues
Caroline Brooks, Esq., John Hancock , Boston
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10:05 - 10:48 am
Trusts: Transfer Taxes
on demand video Add to Cart- Gift tax
- Estate tax
- GST tax
Renat V. Lumpau, Esq., Choate Hall & Stewart LLP , Boston
David S. Raymon, Esq., Day Pitney LLP , Boston
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10:48 - 11:05 am
Break
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11:05 - 11:39 am
Introduction to Trusts
on demand video Add to Cart- What is a trust
- Choice of Trustee
- Funded vs unfunded revocable trusts
Caroline Brooks, Esq., John Hancock , Boston
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11:39 - 12:11 pm
More Basics About Trusts
on demand video Add to Cart- Fiduciary Responsibility
- Fiduciary Liability
- Ethical Issues
Renat V. Lumpau, Esq., Choate Hall & Stewart LLP , Boston
David S. Raymon, Esq., Day Pitney LLP , Boston
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12:11 - 1:11 pm
Lunch (on your own)
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1:11 - 2:08 pm
Martial Deduction Planning & Funding Trusts
on demand video Add to Cart- Requirements for martial deduction
- Administering a martial trust
Richard B. James, Esq., Bank Of America , Boston
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2:08 - 2:45 pm
Distributions from Trusts
on demand video Add to Cart- Settlor's Intent
- Determining Beneficiaries
- Mandatory vs Dscretionary
Jennifer F. Galvagna, Esq., Bank of America, Private Bank , Boston
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2:45 - 3:00 pm
Break
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3:00 - 3:36 pm
Charitable Trusts
on demand video Add to Cart- Intervivos vs testamentary
- Income & estate tax advantages
- Splitting trusts at death
Sean T. Donovan, Esq., The Northern Trust Company , Boston
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3:36 - 4:00 pm
The Alphabet Soup of Other Trusts
on demand video Add to Cart- Brief description of GRATs, LATs, IDGTs
- Income and estate tax advantages & disadvantages
David S. Raymon, Esq., Day Pitney LLP , Boston
Renat V. Lumpau, Esq., Choate Hall & Stewart LLP , Boston
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4:00 - 4:32 pm
Medicaid Planning & Elder Law Issue Spotting
on demand video Add to CartAnnette K. Eaton, Esq., The Northern Trust Company , Boston
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- Faculty