Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, November 19, 2018

CLE on Meeting the New Challenges of Cyber Insurance Coverage: Think You're Covered? Think Again

CLEThe American Law Institute is holding a webcast entitled, Meeting the New Challenges of Cyber Insurance Coverage: Think You're Covered? Think Again, on Thursday, December 13, 2018 from 1:00 p.m. - 2:30 p.m. Eastern. Provided below is a description of the event.

Why You Should Attend

The increasing severity of cyber threats to clients and firms alike has necessitated the evolution of cyber insurance policies to meet the variety of challenges to coverage posed by breaches and data loss. However, the lack of uniformity and inadequacy of terms in these policies has presented an added level of confusion and, more often than not, escalated the intensity of the litigation over coverage disputes. Given the required complexity of coverage, it is no longer good enough to have an insurance policy in place that was signed years ago. Today’s cyber risk environment demands that cyber policies be regularly reviewed and revised to avoid claims being denied due to coverage gaps, vague wording, and outdated provisions.  

What You Will Learn

Our panel of experts will address emerging cyber threats and highlight new areas of cyber insurance coverage that meet the latest challenges and give direction to help ensure that claims will be covered by the policy. Join us for this 90-minute video webcast to understand current risks associated with cybersecurity, including cyberterrorism, and how to craft cyber insurance policies to best mitigate the impact of data, reputational, and financial loss. Topics include:

How to identify gaps present in traditional insurance programs

How to update current policies to meet the new challenges of cyber risk

Negotiating terms and conditions for your cyber insurance programs

Types of cyber policies: Where coverage begins and ends

Do policies cover incidents of cyber terrorism?

Recent litigation and legislation involving security and breaches

Determining the potential claims sources that are giving rise to cyber-related losses

  All registrants will receive a set of downloadable course materials to accompany the program.  

Who Should Attend

Attorneys counseling policyholders across a variety of industries or insurance carriers, in-house counsel, and risk managers as they face increasingly complex data security concerns.

 

November 19, 2018 in Conferences & CLE, Current Affairs, Estate Planning - Generally | Permalink | Comments (0)

Tuesday, November 13, 2018

CLE on Irrevocable But not Irredeemable: How to Fix or Modify a Trust

CLEThe American Law Institute is holding a webcast entitled, Irrevocable But not Irredeemable: How to Fix or Modify a Trust, on Wednesday, December 5, 2018 at 12:00 p.m. to 1:00 p.m. Eastern. Provided below is a description of the event:

Why You Should Attend

Your client undoubtedly had excellent reasons for creating an irrevocable trust in the first place. He may have created an irrevocable trust to protect his own assets from the hands of creditors. He may have created an irrevocable trust to provide funding for his children without giving them direct access to those funds. He may have created an irrevocable trust for transfer tax planning purposes. But as time passes, the terms of that trust may no longer suit the needs of your client or the trust beneficiaries. Fortunately, their irrevocable trust can likely be modified and brought up-to-date to suit their current needs.   This practical one-hour audio program will give you the tools to determine when an irrevocable trust can and should be modified, and teach you about various methods to modify the trust.  

What You Will Learn

Topics to be covered include:

Determining when a trustee should modify an irrevocable trust;

Understanding the techniques to modify the trust; and

Drafting irrevocable trusts in light of a possible modification in the future

  This program was originally presented on July 25, 2018. Faculty questions will be answered by email within two business days.   Need this information now? Purchase the on-demand course here. Questions submitted on-demand will be answered within two business days.  

Who Should Attend

Estate planning attorneys who are drafting and advising on irrevocable trusts.

November 13, 2018 in Conferences & CLE, Estate Administration, Estate Planning - Generally, Trusts | Permalink | Comments (0)

Friday, November 9, 2018

CLE on Top Ten Estate Planning Techniques After the 2017 Tax Act

CLEThe New York City Bar is holding a conference and webcast entitled, Top Ten Estate Planning Techniques After the 2017 Tax Act, on Wednesday, November 14, 2018 at 6:00 p.m. - 9:00 p.m. at the New York City bar in New York City, New York. Provided below is a description of the event:

When attorneys meet with clients to discuss estate planning, there is an assortment of ideas that are considered, discussed, and presented to clients. This program covers the ten estate planning techniques that the speakers most frequently consider. The goal of the program is to discuss how each technique works, including some of the more pressing (or troublesome) technical considerations, who it works for, as well as the salient planning considerations. Some of the techniques covered include lifetime planning, GRATs, QPRTs, sales to IDITs, Family Limited Partnerships, CRUTS, CLATs, insurance trusts, and a few other common planning techniques.

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

November 9, 2018 in Conferences & CLE, Estate Administration, Estate Planning - Generally, Income Tax, New Legislation, Trusts | Permalink | Comments (0)

Thursday, November 8, 2018

ALPS 10th Annual Meeting

CLEThe Association for Law, Property, and Society (ALPS) is holding its 10th Annual Meeting on May 16-18, 2019 at the Syracuse University College of Law in Syracuse, New York.

Come join Property Scholars from around the globe for panels on Property Rights, IP, Environmental Law, Private Property, Public lands, Land Use, Natural Resources, Indigenous Persons, Legal Geography, Personal Property, Property Theory and More! 

November 8, 2018 in Conferences & CLE, Current Affairs, Estate Planning - Generally | Permalink | Comments (0)

Monday, November 5, 2018

CLE on Estate Planning and Administration: The Complete Guide

CLEThe National Business Institute is holding a conference entitled, Estate Planning and Administration: The Complete Guide, on Wednesday, January 23, 2019 - Thursday, January 24, 2019 in San Diego, California. Provided below is a description of the event.

Program Description

Find Out How Key Estate Planning Tools are Drafted and Implemented

Every client's estate is unique in its assets composition, family dynamics and future needs, but all are ruled by the same principles and are subject to the same tax and legal limitations. In this comprehensive legal guide, experienced attorney faculty will guide you through the process of estate planning and administration and show you how to select the best trust instruments and wield them skillfully to avoid mistakes at probate. They will also teach you how to properly administer the estate and tackle potential mistakes of improperly drafted documents, changed circumstances and newly arising conflicts. Become fully prepared to protect your client's legacies - register today!

  • Get an update on the current tax regime and other key regulations.
  • Get the case off on the right foot with a thorough and thoughtful client intake.
  • Compare key trust structures and their effect on the grantor and beneficiary tax future burdens.
  • Help clients plan for and fund long-term care.
  • Ensure confidentiality before and after the client's death.
  • Get useful checklists for key dates and tasks in estate administration.
  • Clarify what can be distributed through non-probate transfers and how to do it correctly.
  • Explore creditor issues in estate administration and get trouble-shooting tips from the pros.
  • Find out how much planning can still be done after the client's passing.
  • Discuss the duties and powers of fiduciaries, their limits and real-life application.
  • Get tips for closing the estate to prevent future disputes.

Who Should Attend

This basic-to-intermediate level seminar on estate planning and administration is designed for:

  • Attorneys
  • Accountants and CPAs
  • Paralegals
  • Tax Managers
  • Trust Officers
  • Certified Financial Planners
  • Investment Advisers

Course Content

DAY 1: ESTATE PLANNING AND TRUST BASICS

  1. Key Laws and Client Intake/Goal Setting
  2. Planning for Long-Term Care and End-of-Life Decisions
  3. Testamentary Documents - Drafting Do's and Don'ts
  4. Common Trust Structures and When They're Used
  5. Transfers During Life and Inter-Vivos Trusts
  6. Tax Consequences of Trusts

DAY 2: PROBATE AND ESTATE ADMINISTRATION

  1. Probate Process Overview
  2. Marshalling Assets and Dealing with Creditors
  3. Post-Mortem Tax Planning Options
  4. Legal Ethics in Estate Practice
  5. Trust Administration and Termination Basics
  6. Closing the Estate

November 5, 2018 in Conferences & CLE, Estate Administration, Estate Planning - Generally, Estate Tax, Generation-Skipping Transfer Tax, Gift Tax, Income Tax, Trusts, Wills | Permalink | Comments (0)

Friday, November 2, 2018

CLE on Estate Planning in Depth 2018

CLEAmerican Law Institute is presenting a webcast on demand entitled, Estate Planning in Depth 2018. The program contains nine separate segments, or can be purchased as a full course. There are also MP3 downloads.

November 2, 2018 in Conferences & CLE, Elder Law, Estate Administration, Estate Planning - Generally, Income Tax, Trusts, Wills | Permalink | Comments (0)

Wednesday, October 31, 2018

CLE on 25 Steps to Perfect Probate

ProbateThe National Business Institute is holding a 2 day conference entitled, 25 Steps to Perfect Probate, on Monday, December 10, 2018 - Tuesday, December 11, 2018 at Cobb Galleria Centre in Atlanta, Georgia. Provided below is a description of the event:

Program Description

Gain Valuable Strategies for Every Step of the Probate Process

Are you confident you're taking advantage of every strategic opportunity the probate process has to offer? Experienced faculty will share their insights into maximizing the benefits of each step at this essential program. With a special focus on strategic decision-making to speed up the process and alleviate conflict, this guide to probate is just what you need to take your practice to the next level. Register today!

  • Spend two full days learning how to strategically navigate the probate process.
  • Shore up your knowledge with a tactical guide to probate inventory - and leave no stone unturned.
  • Get tips from the pros on how to tackle creditor claims and troubleshoot debt repayment.
  • Maximize the use of exceptions when handling Medicaid estate recovery.
  • Hone your final disbursements skills to prevent disputes and re-openings.
  • Use probate litigation to its fullest advantage.

Who Should Attend

This two-day, intermediate level seminar is designed for:

  • Attorneys
  • Accountants/CPAs
  • Trust Officers/Administrators/Managers
  • Tax Professionals

Course Content

  1. Probate Process Overview and First Steps
  2. Will Admission Techniques
  3. Executor Strategies
  4. Creditor Claims: Tips From the Pros
  5. Inventory, Appraisement and Management Tactics
  6. Medicaid Estate Recovery Insights
  7. Insolvent Estate Tips and Tricks
  8. Final Accounting Secrets
  9. Distributions: Insights From the Pros
  10. Estate Closing Strategies
  11. Legal Ethics
  12. Probate Litigation Tactics

October 31, 2018 in Conferences & CLE | Permalink | Comments (0)

Sunday, October 28, 2018

CLE on Using Trusts in Estate Planning and Asset Protection

CLEThe National Business Institute is holding a conference entitled, Using Trusts in Estate Planning and Asset Protection, on Wednesday, November 28, 2018 - Thursday, November 29, 2018 at the Embassy Suites by Hilton Boston at Logan Airport in Boston, Massachusetts. Provided below is a description of the event:

Program Description

Successfully Handle Your Client's Trust Needs

The wide array of trusts available, combined with the numerous issues clients can bring to the table, can make choosing and using the right tool a daunting task - but it doesn't have to be. This insightful, two-day seminar will guide you through how to effectively use trusts for estate planning and asset protection. Explore a variety of planning tools that will help you tailor a trust that fits your client's specific situation. Don't miss this opportunity to make sure your trusts are thoroughly on point - register today!

  • Find out how to select the best trust option for each unique situation.
  • Protect retirement accounts with the use of IRA trusts.
  • Use trusts to help clients qualify for Medicaid while protecting their assets.
  • Discover ways to structure special needs trusts so beneficiaries still qualify for public benefits.
  • Learn how to minimize your client's tax burdens with the use of defective trusts.
  • Properly handle the administration of a trust.
  • Clarify who your client is to avoid conflicts of interest and other ethical violations.

Who Should Attend

This basic-to-intermediate level seminar is designed for professionals involved in structuring and administering trusts:

  • Attorneys
  • Accountants and CPAs
  • Trust Officers
  • Tax Managers
  • Wealth Managers
  • Paralegals

Course Content

Day 1

  1. Trust Overview
  2. Determining Which Trust to Use
  3. Grantor Trusts: When and How to Use Them
  4. IRA Trusts: Protecting Retirement Accounts
  5. Using Trusts to Qualify for Medicaid
  6. Charitable Trusts: Setting Aside Assets and Tax Planning

Day 2

  1. Special Needs Trusts: Planning for Disabled Beneficiaries
  2. Asset Protection Focus: Analysis and Tools
  3. Using Irrevocable Life Insurance Trusts (ILITs)
  4. Tax Planning with Trusts
  5. Administering Trusts
  6. Making Changes to Trusts
  7. Remaining Ethically Compliant

October 28, 2018 in Conferences & CLE, Current Affairs, Disability Planning - Property Management, Elder Law, Estate Administration, Estate Planning - Generally, Non-Probate Assets, Trusts | Permalink | Comments (0)

Friday, October 26, 2018

CLE on Cybersecurity Issues for Planners and Their Clients

CLEThe American Bar Association is holding a web seminar entitled, Cybersecurity Issues for Planners and Their Clients, on Tuesday, December 4, 2018 at 12:00 p.m. Central. Provided below is a description of the event.

Cybersecurity issues for business owners (e.g., identifying exposure points and how to address them), as well as for lawyers themselves, in how they transmit, store and dispose of client information.

October 26, 2018 in Conferences & CLE, Current Affairs, Estate Administration, Estate Planning - Generally, Science, Technology, Trusts, Wills | Permalink | Comments (0)

Thursday, October 25, 2018

CLE on Tax Reform: The Big Changes You Need to Know

CLEThe National Business Institute is holding a video webcast entitled, Tax Reform: The Big Changes You Need to Know, on Thursday, November 15, 2018, at 9:00 a.m. to 4:00 p.m. Central. Provided below is a description of the event:

Program Description

Don't Miss Out on This Critical Update!

The new tax law is the most significant change to the federal tax code in the past several decades, ushering in sweeping impacts for businesses and individuals alike. Do you know how it will impact your clients? How can you help clients take advantage of the new regime? Our seasoned faculty will detangle the tax changes and explore how you can apply them to your practice. Start planning now and help clients minimize their tax liability - register today!

  • Find out what we know about the tax code changes, as well as what the unexpected results may be.
  • Discover what businesses should do to adjust to the new tax law.
  • Learn what the new changes mean for real estate and buying and selling a business.
  • Delve into estate planning implications for high-net-worth individuals.
  • Find out what tax reform means for LLCs and other pass-through entities.
  • Explore the impacts of tax reform on families and average Americans.

Who Should Attend

This program is designed for attorneys. Accountants, paralegals and other professionals may also benefit.

Course Content

  1. Overview
  2. Individual Income Tax Provisions
  3. What Tax Reform Means for LLCs and Other Pass-Through Entities
  4. Corporate Tax Provisions
  5. The New Tax Law's Effects on Real Estate, and Buying and Selling a Business
  6. Estate, Gift and GST Tax Provisions
  7. Legal Ethics: Attorney Fiduciary Liability, Fraud and More

October 25, 2018 in Conferences & CLE, Current Affairs, Estate Administration, Estate Planning - Generally, Estate Tax, Generation-Skipping Transfer Tax, Gift Tax, Income Tax, New Legislation, Trusts, Wills | Permalink | Comments (0)