Wills, Trusts & Estates Prof Blog

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

Friday, February 15, 2019

CLE on Decanting Trusts: Possibilities, Pitfalls, Tax Consequences, and Fiduciary Duties

CLEThe American Law Institute is holding a webcast entitled, Decanting Trusts: Possibilities, Pitfalls, Tax Consequences, and Fiduciary Duties, on Wednesday, ‎March ‎13, 2019. Details of this presentation are not yet available; please check back two weeks before the program date for more details. 

 

February 15, 2019 in Conferences & CLE, Current Events, Estate Administration, Estate Planning - Generally, Trusts | Permalink | Comments (0)

Sunday, February 10, 2019

CLE on Digital Assets in Estate Administration

CLEThe National Business Institute is holding an auto webinar entitled Digital Assets in Estate Administration, on Monday, March 25, 2019, from 12:00 PM - 3:15 PM Central. Provided below is a description of the event.

Processes, Procedures and Legal Pitfalls
As our online lives continue expanding exponentially, your clients accumulate more and more digital assets. Some of these assets add significant financial value to the estate, some have purely sentimental value to the heirs, but all can easily slip through the cracks without the proper knowledge. Make sure the digital life your client spent so many years compiling is left to loved ones instead of being lost in cyberspace forever - register today!
Learn how to correctly incorporate digital assets into your client's estate plan, such as electronic tax returns, E-bank accounts and PayPal accounts.
Explore the ins and outs of the Terms of Service agreements you'll need to understand to gain access to the clients' data.
Understand which digital assets are often lost at death - online bank accounts, emails, domain names, etc.
Get practical tips for retrieving online information if no provisions have been made to transfer access.

Who Should Attend
This legal program is designed for attorneys looking to increase their knowledge of probate and estate planning. It will also benefit accountants and paralegals.

Course Content
Online Assets and Information at Issue
Post-Mortem Searches and Account Access
Digital Assets with Monetary Value in Estate Administration
Business Digital Assets in Estate Administration
Lessons From States Adopting Uniform Fiduciary Access to Digital Assets Act

February 10, 2019 in Conferences & CLE, Estate Administration, Estate Planning - Generally, Technology, Web/Tech | Permalink | Comments (0)

Thursday, February 7, 2019

Call for Papers: Empirical Analysis of Wealth Transfer Law

ACTEC_FoundationThe University of California, Davis School of Law (King Hall) and The American College of Trust and Estate Counsel’s Legal Education Committee are happy to announce that the 8th ACTEC academic symposium will be held on Friday, October 11, 2019. The theme is Empirical Analysis of Wealth Transfer Law.

The event’s goals are to bring together established and emerging scholars and to foster discussion about empirical scholarship about wills, nonprobate transfers, intestacy, inheritance taxation, and related issues. Articles presented at the symposium will consist of those selected from this Call for Papers and those from invited speakers. All papers will be published by the UC Davis Law Review.

If you would like to be considered to present a paper, please email an abstract of no more than two pages toProfessor David Horton (dohorton@ucdavis.edu) by March 1, 2019. The Law Review will notify those selected by March 15, 2019. Please be aware that speakers must submit drafts that are ready for the editing stage of the production process by mid-November 2019.

Speakers will be reimbursed for their reasonable travel expenses (economy airfare, ground transportation, and up to two nights in a local hotel). Speakers will also be invited to dinner on Friday, October 11. Breakfast and lunch will be provided to speakers and attendees on October 11 courtesy of the ACTEC Foundation. Questions about the symposium or this Call for Papers should be directed to David at the email address above or Professor Adam Hirsch (ahirsch@sandiego.edu).

February 7, 2019 in Conferences & CLE, Scholarship | Permalink | Comments (0)

Friday, February 1, 2019

CLE on How Trusts Affect Medicaid Eligibility and Estate Recovery

CLEThe National Business Institute is holding a webinar entitled, How Trusts Affect Medicaid Eligibility and Estate Recovery, on Wednesday, March 20, 2019, at 10:00 AM - 1:15 PM Central. Provided below is a description of the event.

Program Description

Don't Let Your Wealth Planning Practices Harm Your Client

Medicaid eligibility and estate recovery rules are complicated, and it's not always clear what impact planning techniques may have on a client's benefits and interests in the long run. In this legal program, our knowledgeable faculty will teach you how various trusts and other planning tools impact Medicaid eligibility and estate recovery so you can confidently safeguard your client's assets without fear of accidentally disqualifying them for Medicaid or putting their assets at risk of recovery. Register today!
Know the eligibility requirements for Medicaid - and which services and assets are subject to estate recovery.
Learn how you can capitalize on the benefits of revocable trusts - and other trusts - without interfering with your client's Medicaid eligibility.
Examine the advantages and disadvantages of gifting, life insurance and other alternatives to trusts in wealth planning.

Who Should Attend
This essential program is for attorneys. Accountants, financial planners, nursing home administrators, trust administrators/officers, and paralegals may also benefit.

Course Content
Who is Eligible for Medicaid?
Revocable vs. Irrevocable Trust Considerations
How Revocable Trusts Can Interfere with Medicaid Eligibility
Income-Only Trusts in Medicaid Planning
Special Needs Trusts
Medicaid Estate Recovery Summary and Trust Recoverability

February 1, 2019 in Conferences & CLE, Current Affairs, Disability Planning - Health Care, Disability Planning - Property Management, Elder Law, Estate Planning - Generally | Permalink | Comments (0)

Thursday, January 17, 2019

CLE on The Probate Process From Start to Finish

CLEThe National Business Institute is holding a conference entitled, The Probate Process From Start to Finish, on Tuesday, March 26, 2019 at the Embassy Suites by Hilton in Portland, Maine. Provided below is a description of the event.

Program Description
Your Fundamental Guide to Probate
So your client wants you to handle a probate case - do you know where to start? Do you know the proper procedures to use, as well as the law? At this seminar, our experienced faculty will give you detailed, step-by-step information to confidently and ably navigate the system. Gain the confidence you need to reach a favorable outcome for your client when litigating in probate court. Enroll today!
Get a step-by-step walkthrough of a probate case complete with practice tips from seasoned practitioners.
Implement a complete estate timetable in order to know what needs to be done - and when.
Effectively guide the executor and the administrator through their various duties.
Avoid problems arising from creditors' claims and insolvency with our powerful strategies.
Know the secrets to confidently handling a spouse's elective share.
Forestall disagreements between beneficiaries: adhere to the guidelines of precedence in case of intestacy.
Get results for your client! Explore successful strategies for litigating in probate court.
Follow thorough closing procedures so accounting is complete before distribution takes place.

Who Should Attend
This basic level seminar will provide those who have limited probate experience with tips on successfully handling a probate case. This comprehensive seminar will benefit:
Attorneys
Paralegals
Accountants
Tax preparers
Trust officers
Financial planners
Estate planners

Course Content
Taking the First Step: Filing an Estate in Probate Court
Understanding the Role of the Personal Representative in Probate
Managing the Inventory
Administering the Estate Effectively
Maintaining an Ethical Balance in Probate Practice
Determining if Spouse's Elective Share is a Reasonable Option
Uncovering the Laws of Intestacy and How They May Apply
Litigating the Case in Probate Court
Putting the Case to Rest: Closing the Estate

January 17, 2019 in Conferences & CLE, Current Events, Estate Administration, Estate Planning - Generally, Estate Tax, Generation-Skipping Transfer Tax, Gift Tax, Wills | Permalink | Comments (0)

Saturday, January 12, 2019

CLE on Elder Law and Medicaid Planning: Everything You Need to Know

CLEThe National Business Institute is holding a 2-day conference entitled, Elder Law and Medicaid Planning: Everything You Need to Know, on Wednesday, April 17, 2019 - Thursday, April 18, 2019 at Capital Center Property LLC in Indianapolis, Indiana. Provided below is a description of the event.

Program Description
Everything You Need to Know to Represent Elderly Clients
Rising medical costs, health insurance changes, and looming Social Security Fund depletion have intensified concerns over long-term care funding. Are you doing everything you can to help each client develop a comprehensive plan to ensure proper quality of life in the golden years? Join our expert faculty for two days of intensive study on planning and coordinating government benefits, and emerge better prepared to face the challenges of today's Medicaid and elder law practice. Register today!

  • Get two full days of estate planning training, so you can help clients protect assets and qualify for continuing care benefits.
  • Review medical and financial Medicaid eligibility criteria in detail.
  • Explore new continuing care options that allow for more independence.
  • Get solutions to real-life ethical dilemmas often faced in elder law practice.
  • Qualify eligible clients for veteran's benefits and maintain your VA accreditation.
  • Plan for the tax consequences of asset transfers on spenddown requirement compliance.
  • Minimize Medicaid estate recovery through intricate understanding of the process.
  • Make better use of special needs trusts.

Who Should Attend
This basic-to-intermediate level, two-day seminar is designed for attorneys. It may also be of value to estate and financial planners, trust officers, paralegals, accountants, tax professionals and nursing home administrators.

Course Content

DAY 1

    • Long-Term Care Planning: Types, Cost, and Funding Options
    • Tax Considerations
    • Powers of Attorney
    • Medical and End-of-Life Decisions
    • Medicaid Benefits and Eligibility Rules
    • Preserving Family Assets When Qualifying for Medicaid
    • Medicaid Application Procedure and Tactics

DAY 2

    • Obtaining Veteran Benefits
    • Special Needs Trusts: Creation, Taxation, Administration
    • Medicaid Post-Eligibility Issues
    • Coordinating Benefits and Other Income Sources
    • Liability/Litigation Issues in Elder Law
    • Ethical Dilemmas

January 12, 2019 in Conferences & CLE, Disability Planning - Health Care, Disability Planning - Property Management, Elder Law | Permalink | Comments (0)

Friday, January 4, 2019

CLE on Ed Slott and Company's 2-Day IRA Workshop - Las Vegas 2019

Vegas1Ed Slott and Company's is holding a 2-Day IRA Workshop on February 22-23, 2019, in Las Vegas, Nevada. Provided below is a description of the event.

Your target market's demographics preview an overflow of new business opportunities:

  • IRAs are the nation's largest retirement account with $8.2 trillion in total nationwide assets ... and growing!
  • 2.5 million Baby Boomers turned age 70.5 last year ... can you imagine the influx of RMD questions coming your way?
  • 10,000 Boomers retire every day - many with large company retirement plans and no plan on how to best protect those assets

Instant IRA Success is your answer to capturing your share of this growing marketplace. Our educational IRA experience includes:

  • 400+ page course manual
  • Valuable CE credits
  • Client-saving Q&A opportunities with America's IRA Experts
  • A detailed analysis of the most recent tax law changes, case studies, private letter rulings, Congressional action and Supreme Court rulings to keep you on the cutting-edge of retirement, tax law and IRA distribution planning

January 4, 2019 in Conferences & CLE, Disability Planning - Health Care, Disability Planning - Property Management, Estate Administration, Estate Planning - Generally | Permalink | Comments (0)

Monday, December 31, 2018

CLE on Family Farm in Estate Planning and Probate

CLEThe National Business Institute is holding a webcast entitled, Family Farm in Estate Planning and Probate, Wednesday, January 23, 2019, from 9:00 a.m. to 4:00 p.m. Central. Provided below is a description of the event.

Program Description
Tackle Key Succession, Transfer, and Asset Protection Issues
Get all the knowledge and skills you'll need to effectively draft and administer estate plans that include a family business. From choosing the entity structure and the method of transfer to calculating tax consequences and ensuring a smooth transition, this course will give you everything you'll need to effectively handle business interests as part of estates. Register today!
Walk through every step of estate planning and administration as it relates to family business interests.
Learn how to structure transfers to a third party and within the family, outright and gradual.
Ensure continued operations during estate administration.
Take the most tax-efficient route when planning for each unique family business succession.

Who Should Attend
This legal guide is designed for attorneys. Estate planners, accountants and CPAs, tax professionals, trust officers, and paralegals may also benefit.

Course Content
Choosing the Business Entity and Planning for its Estate Planning Implications
Medicaid Planning and the Farm Assets
Transferring Within the Family and Planning for Heirs
Structuring the Sale or Transfer of Interest to Third Party
Ensuring Continued Operations for the Duration of Estate Administration
Making Use of Agricultural Use Valuation
Structuring and Conducting the Farm Transfer in Probate
Tackling Common Farm Probate Challenges
Maintaining an Ethical Practice
Closing the Estate

December 31, 2018 in Conferences & CLE, Current Events, Disability Planning - Property Management, Estate Administration, Estate Planning - Generally, Trusts, Wills | Permalink | Comments (1)

Sunday, December 30, 2018

CLE on New IRS Rules for LLCs and Partnerships - and Their BIG Impact

CLEThe National Business Institute is holding a webinar entitled, New IRS Rules for LLCs and Partnerships - and Their BIG Impact, on Thursday, January 24, 2019, from 12:00 p.m. to 3:00 p.m. Central. Provided below is a description of the event.

Program Description
Stay Up to Date on IRS Rules Impacting LLCs and Partnerships
Why spend countless hours trying to interpret and decipher IRS rule changes concerning LLCs and partnerships? This insightful course will take a closer look at the new rules and provide guidance on who is impacted. Don't miss this chance to get up to date with the latest developments - register today!
Understand what is included in the new rules and the implications they may have for different business clients.
Review the rule implementation timeline for changes to remain in compliance with changing deadlines.
Discuss the effect new IRS rules will have on future mergers and acquisitions.

Who Should Attend
This course is designed for attorneys. Accountants and paralegals will also benefit.

Course Content
What Tax Reform Means for LLCs and Other Pass-Through Entities
How Big are These Changes, Really?
What do the New Partnership Rules Say? What are the Implications?
Who's Impacted? What You May Not Know...
Time Frame of Significant Changes, Deadlines and Effective Dates
IRS Form 1065 K-1: Changes (and Clarification)
Who Can Elect Out of the New Provisions?
Impact on the LLC Operating Agreement: Changes You Need to Make NOW
What is the Partnership Now Directly Liable For?
New Rules Governing Federal Tax Audits of Entities
Can Modifications Occur? When?
New IRS Procedures You Need to Know
What Does All This Mean?
Significant Case Law

December 30, 2018 in Conferences & CLE, Current Affairs, Current Events, Estate Administration, Estate Planning - Generally, Income Tax, New Legislation | Permalink | Comments (0)

Thursday, December 27, 2018

CLE on Planning Techniques for Larges Estates

CLEThe American Law Institute is holding a conference entitled, Planning Techniques for Larges Estates, on Wednesday - ‎Friday, ‎April ‎3 - ‎5, 2019 at the Hilton Resort & Villas in Scottsdale, Arizona. Provided below is a description of the event.

Why You Should Attend
A successful planning strategy for high-net-worth clients involves advanced estate planning techniques that minimizes taxes, protects assets and preserves wealth. Don’t miss out on this unique opportunity to keep up to date on the most innovative wealth transfer strategies from a faculty of leading large estate planners and tax experts!

Here’s what past course attendees have said:

"Very good speakers and content. The lunches provided easy networking opportunities."

"Excellent and substantive as usual, thank you for a great program!"

"Very well presented and the written materials will be useful."

"Wonderful program. Learned a lot. Will take it again in the future."

What You Will Learn
Attend this highly-rated course and get the latest sophisticated planning strategies specifically for large estates. Learn, network, and strategize with your peers and a highly experienced faculty of trust and estate practitioners from across the country. Each panel provides real examples and practical applications that will help you develop a plan for your clients to efficiently transfer wealth to their heirs and favorite charities, protect their family and businesses, grow assets, and minimize taxes.

This year’s estate planning and strategic wealth transfer topics include:

Sales to IDITs, GRATs, etc.
Life Insurance as a integral part of a well thought-out estate plan
Best way to pass assets using GST
Incorporating trusts into retirement plans
Advantages of charitable giving
Using entitites in estate planning

December 27, 2018 in Conferences & CLE, Estate Administration, Estate Planning - Generally, Estate Tax, Gift Tax, Income Tax, Trusts, Wills | Permalink | Comments (0)