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Navigating the Trust Process from Start to Finish

Fee:

$339

· QuickCode:

QQBUWW

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Provider:
NBI, Inc.

Topic(s):
Law/Legal

Who Should Attend?
Attorneys, Paralegals, Legal Assistants, CPAs, Accountants

Full Seminar Description

WHAT YOU WILL COVER

Skillfully Guide Clients Through the Trust Process

Your client is requesting trusts as a part of their estate and financial plans – are you confident you could give them the personalized and informed advice they need? At this comprehensive seminar you'll gain the skills and knowledge you need to ensure your clients' planning needs are met. Register today!

• Be prepared to answer questions by understanding the key elements of a trust.
• Identify the main parties in order to get them up-to-date on their duties and responsibilities to a trust.
• Sort through the different types of trusts available so you can match the appropriate plan to each individual situation.
• Recognize the essential drafting strategies that ensure well-crafted trusts.
• Keep your practice above reproach by adhering to established ethical standards.
• Steer clear of tax problems by ensuring your clients' trusts follow essential tax requirements.
• Refine your skills so you can easily and smoothly administer the trust.

1. ESSENTIAL KNOWLEDGE FOR WORKING WITH TRUSTS
   9:00 - 10:00
   1. Deciphering Trusts – What They are and How They Work
   2. Who are the Main Parties, Their Duties and Responsibilities
   3. Advantages and Disadvantages of a Trust
   4. New Developments in Trusts
2. RECOGNIZING THE DIFFERENT TYPES OF TRUSTS
   10:15 - 11:15
   1. Revocable Living Trusts – Avoiding Probate
   2. Irrevocable Trusts – Providing Transfer Tax Savings
      1. Life Insurance Trusts
      2. Crummey Trusts
      3. 2503(c) Trusts
      4. Opportunity Trusts
   3. Charitable Trusts – Reducing Taxable Estate and Providing Income
      1. Charitable Remainder Trusts
      2. Charitable Lead Trusts
   4. Marital Trusts – Distributing Income and Principal for the Surviving Spouse's Lifetime
   5. Special Needs Trusts – Preserve Eligibility For People With Disabilities
3. MECHANICS OF DRAFTING AND EXECUTING TRUSTS
   11:15 - 12:15
   1. Determining the Need or Purpose For a Trust
   2. A Modern Approach to Standard Elements and Clauses
   3. Strategies for Effective Drafting
   4. Tips for Drafting Common Trusts
   5. Executing the Trust
   6. Provisions For Changes to the Trust Instrument
4. FUNDAMENTAL UNDERSTANDING OF ETHICS IN TRUSTS
   1:15 - 2:05
   1. Confidentiality in Respect to Third Parties
   2. Handling a Client Request for Use of Questionable Asset Protection Techniques
   3. What to Do When the Competency of the Client is in Question
   4. Protecting Yourself Against Malpractice Actions - How to Withdraw as Counsel
5. SUCCESSFULLY NAVIGATING THE TAX ASPECTS OF TRUSTS
   2:05 - 3:15
   1. Determining What Tax Factors Apply
   2. Minimizing Estate-Related Taxes
      1. Income Tax of Trusts, Estates and the Beneficiaries
      2. Capital Gains Tax
      3. Transfer Taxes
      4. Gift/Estate Taxes
      5. Generation–Skipping Tax
   3. Current Issues and Tax Law Changes
6. HOW TO ADMINISTER A TRUST APPROPRIATELY
   3:30 - 4:30
   1. Powers, Duties and Liabilities of Trustees to Third Parties
   2. Monitoring Trust Account Reporting
   3. The Importance of a Spendthrift Clause and Creditors' Rights
   4. Method of Resolving Trust Disputes
   5. Setting Up and Terminating a Trust

This basic level seminar will provide attendees with a comprehensive overview of the trust process from beginning to end. This seminar will benefit:

• Attorneys
• Paralegals
• Legal Assistants
• CPAs
• Accountants

Sponsor Background:

National Business Institute

Providing Legal Knowledge to Any Business, Anytime, Anywhere

National Business Institute (NBI) has been providing legal education to attorneys, accountants, human resource and insurance professionals, real estate agents, teachers and all other corporate and legal professionals for over 20 years. We have trained on every legal topic relevant to the workplace and have access to the most comprehensive library of training tools in the industry.

Since 1983 we have been one of the largest providers of legal and professional education in the nation. We currently hold seminars in major metropolitan areas in all 50 states and Puerto Rico, serving over one million professionals.

An NBI seminar will provide you with the practical knowledge you need to perform your job with greater skill and effectiveness. In addition, we work in close cooperation with more than 500 continuing legal and other education credit-granting organizations. You can be confident that we carefully design our seminars to ensure that you’ll be able to satisfy all of your professional training requirements.

Our commitment to your success is what drives our daily activities. When you train with National Business Institute, you not only make an investment in your career, but you also make an investment in yourself. We look forward to helping you gain the knowledge you desire while showing you all the ways NBI provides more choices for your success!

We provide training solutions for your success!

Why should you trust NBI for your continuing education needs?

Simply put, NBI is the best! Having trained over one million professionals, we know what you need, and we have the ability to help you obtain it. Our satisfied customers agree that we are innovative, established and practical. With each NBI seminar you are guaranteed to receive:

Timely Information to Help You Keep Your Edge

NBI is dedicated to providing you with a wide choice of relevant seminar topics led by knowledgeable, experienced instructors and carefully designed to meet your continuing education needs. You can rest assured that we are up-to-date on the latest legal issues and changes, and that we won’t rest until we deliver the most timely information to you!

Free Reference Manual

Your learning doesn’t end with the conclusion of the seminar presentation. With our comprehensive course manual, written specifically to accompany each program, you’ll have all the information you need right at your fingertips. This manual, included with your tuition, allows you to take the seminar back to the office with you!

Network Opportunities with Fellow Professionals

By focusing on a specific content area, our seminars offer a great opportunity to get together with other professionals who have the same concerns and challenges you experience every day.

Savings for Additional Colleagues

Could others in your office benefit from the great information offered through our seminars? When you register for a program, each additional colleague from your office will receive a savings of $10 off the total tuition price for the same program. The more you bring the more you save!

Convenient Locations and Schedules to Fit Your Busy Life

Your professional life is demanding, busy and valuable. We recognize that your time is at a premium, so we make every effort to schedule our seminars at a location and during a time that is as convenient as possible to you and other professionals in your area. Our goal is to provide you all the benefits of a live seminar, with a minimum of travel, time away from the office and expense.

RISK FREE CANCELLATION

Register today at no risk. If your plans change later and you can’t attend the program, you may substitute another person at any time, transfer your registration to any future seminar, purchase the manual and audio recording, or cancel your registration without penalty. Just call and let us know.

SATISFACTION GUARANTEE

If you aren't happy, we aren't either! Your tuition will be refunded if you are not satisfied with the seminar for any reason.

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