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Live Seminar

Advanced Trusts and Estates: A "How-To" Guide

Seminar

Date:

Monday, June 26, 2017

Time:

8:30 AM - 4:40 PM

Product ID#:

76759ER

Location:

Hilton Garden Inn Providence Airport/Warwick
1 Thurber Street
Warwick, RI 02886

$349.00

$339 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • RI CLE - 8.00

CPE for Accountants

  • CPE for Accountants/NASBA - 8.00

Program Description

We Asked You What Your Top Frustrations Were - You Answered!

We asked. You told us what issues you encounter with your clients that cause you the most frustration - and we created a program! In this sophisticated, yet practical "how-to" guide, expert faculty will give you the exact mechanisms you need to tackle the problems that frustrate you the most. Our seasoned faculty thoroughly know the problems you deal with - and are expertly equipped to help you overcome these hurdles, answer your tough questions and smoothly guide you through the thorny situations that cause you complications. Don't miss out on this opportunity to learn not only how to spot potential pitfalls, but also how to plan for your clients better using cutting-edge tips and tricks. Register today!

  • Learn how to structure trusts to plan for Medicaid and still provide for a spouse, children, etc.
  • Discover how to smoothly plan trusts with IRAs and other retirement accounts.
  • Trim down income taxation of trusts and estates.
  • Make full use of portability without missing other opportunities.
  • Smoothly navigate form 706 and avoid reporting risks.
  • Protect your reputation with a legal ethics guide tailored to your practice.

Who Should Attend

This advanced level program is designed for estate planning professionals, including attorneys, accountants, trust officers, and financial professionals. Paralegals may also benefit.

Course Content

  1. Emerging State/Federal Trends and Updates
  2. Avoiding (and Handling) Top Trust Drafting Disasters
  3. Structuring Trusts to Plan for Rhode Island Medicaid and Long-Term Care (AND Still Provide for a Spouse, Children, etc.)
  4. How to Plan Trusts with IRAs and Other Retirement Accounts
  5. Trimming Down Income Taxation of Trusts and Estates (and an Explanation of How Income to an Estate is Taxed)
  6. Tactically Using the Top Wealth Preservation and Tax-Planning Trusts
  7. How to Make Full Use of Portability Without Missing Other Opportunities
  8. How to Smoothly Navigate Form 706: New Uses, Reporting Risks and More
  9. How to Uphold Ethical Standards

Continuing Education Credit


Continuing Legal Education – CLE: 8.00 *

National Association of State Boards of Accountancy – CPE for Accountants: 8.00 *

* denotes specialty credits

Agenda / Content Covered

  1. Emerging State/Federal Trends and Updates
    8:30 - 9:00, David J. Correira
  2. Avoiding (and Handling) Top Trust Drafting Disasters
    9:00 - 9:45, Matthew J. Leonard
  3. Structuring Trusts to Plan for Rhode Island Medicaid and Long-Term Care (AND Still Provide for a Spouse, Children, etc.)
    10:00 - 10:45, Matthew J. Leonard
    1. Who is Eligible for Medicaid?
    2. Special Needs Trusts
    3. Asset Transfer Tactics
    4. How Non-Medicaid Trusts can Affect Benefits and Estate Recovery
    5. Suggested Language for Medicaid Asset Protection Trusts and Related Documents (Including POA's)
    6. Last Minute Medicaid Planning Techniques and Traps to Avoid
    7. Real-Life Examples/Stories About the Success Possibilities of Different Options
  4. How to Plan Trusts with IRAs and Other Retirement Accounts
    10:45 - 11:30, Michael J. Chazan
    1. Proper Drafting of a Trust as the Beneficiary of an IRA
    2. Different Ways Trusts can be Drafted
    3. Income Tax Effects of Each Approach
  5. Trimming Down Income Taxation of Trusts and Estates (and an Explanation of How Income to an Estate is Taxed)
    11:30 - 12:15, Eric D. Correira
  6. Tactically Using the Top Wealth Preservation and Tax-Planning Trusts
    1:15 - 2:00, Eric D. Correira
    1. Review of Sample Tax Implications of Various Documents
    2. Specific Provisions That are Useful When Documents are Challenged
  7. How to Make Full Use of Portability Without Missing Other Opportunities
    2:00 - 2:45, Robert E. Bollengier
  8. How to Smoothly Navigate Form 706: New Uses, Reporting Risks and More
    3:00 - 3:40, Robert E. Bollengier
  9. How to Uphold Ethical Standards
    3:40 - 4:40, Matthew J. Leonard
    1. Incompetency of the Grantor
    2. Should an Executor Take Executor Fees?
    3. Responsibilities When Acting as Trustee of Their Clients' Trusts
    4. Top Malpractice Risks in Trusts Practice
    5. Fiduciary Liability Considerations
    6. Conflicts of Interest

ROBERT E. BOLLENGIER is a sole practitioner with offices in Warwick, Rhode Island. His practice areas include federal and state taxation, probate, estate planning, wills, trusts, and corporate and business law. Mr. Bollengier has been a visiting instructor for Bryant University and Providence College. He also lectures to private industry groups through employer EAPs for wills, trusts and estate planning; and has lectured periodically for National Business Institute and other sponsoring firms. Mr. Bollengier earned his B.S. degree, magna cum laude, from Boston College; simultaneously earned his J.D. degree with his M.B.A. degree, highest honors, from St. Louis University; and his LL.M degree, cum laude, from Boston University. In addition, Mr. Bollengier earned a certificate of advanced graduate studies in estate planning from Bryant University and is currently working towards his CFP, ChFC and CLU designations. He is a member of the Rhode Island and American bar associations, as well as the Rhode Island Society of Certified Public Accountants.

MICHAEL J. CHAZAN is of counsel to the law firm of Merolla, Accetturo & Lough in Warwick, where he practices in the areas of estate planning and taxation, business succession planning, estate administration, elder law, and fringe benefits. He earned his B.A. degree from Trinity College in Hartford, his J.D. degree from Vermont Law School, and his LL.M. degree in taxation from Boston University School of Law. Mr. Chazan is a member of the Rhode Island, Massachusetts and American bar associations. He also has earned designations as a Chartered Life Underwriter and a Chartered Financial Consultant.

DAVID J. CORREIRA is the managing partner of Correira & Correira LLP, a full service trusts and estates firm with offices in Boston and Swansea, Massachusetts; Newport and Providence, Rhode Island; and Naples, Florida. He is a nationally recognized estates and trusts lawyer with more than two decades of experience litigating conservatorships, wills, estates and trusts, and guardianship cases. Mr. Correira has appeared pro hac vice in several states to handle such litigation. He has consulted with colleagues overseas on international succession, tax matters and U.S. domicile; specifically for clients in Brazil, Canada, China, Egypt, Florida, Germany, Switzerland and the United Kingdom. Mr. Correira has been consulted by lawyers across the country on various issues related to trusts and estates. He is admitted in Massachusetts and Rhode Island. Mr. Correira is a past president of the Bristol County Estate Planning Council and a member of the Boston Estate Planning Council, the Norfolk & Plymouth Estate Planning Council, the Rhode Island Estate Planning Council, the Planned Giving Council of Rhode Island, the Taxation and Probate sections of the Massachusetts Bar Association, and the Real Property and Trust Section of the American Bar Association. He is widely published on various areas of estate taxes, probate administration and disability planning; and has written many articles for Estate Planning, the leading practitioner journal. Mr. Correira has written two chapters for the Estate & Personal Financial Planners Series, issued by West Law Publishing; and has been recognized nationally as an innovator in the use of technology in the practice of law. He is a frequent speaker for the American, Massachusetts and Rhode Island bar associations; and several continuing legal education organizations, including the National Academy of Elder Law Attorneys and Massachusetts Continuing Legal Education Inc. The latter organization has published his articles in its Best of MCLE Journal. Mr. Correira is an active member of the advanced legal studies faculty at Suffolk University Law School and is an adjunct faculty member at the New England School of Law in Boston. He has been rated as one of the top five estate planning lawyers in southern New England by a regional publication and is listed in Super Lawyers. He earned his B.A. degree from Bridgewater State College in Massachusetts, his Master of Public Administration degree from the University of Rhode Island, and his J.D. degree from the New England School of Law in Boston.

ERIC D. CORREIRA is a partner at Correira & Correira LLP, where he concentrates his law practice in the areas of estate planning, elder law, business planning, trust, estate, and tax litigation. Mr. Correira has co-authored two chapters for the Massachusetts Continuing Legal Education Inc. (MCLE) New England Law Practice Collection entitled “Construction of Wills” and “Asset Protection Trusts.” He has also published articles on a variety of estate planning topics in the Rhode Island Bar Journal, Rhode Island Lawyers Weekly and Massachusetts Lawyers Weekly. Mr. Correira is a lecturer on estate planning and asset protection for National Business Institute. He is a member of the Rhode Island Bar Journal's Editorial Board, Rhode Island Bar CLE Committee, Bristol County (Massachusetts) Estate Planning Council, and Collier County (Naples) Bar Association. Mr. Correira has appeared and successfully argued several state appellate court cases. These cases have included the proper interpretation of ambiguous provisions in estate planning documents and disqualifying transfers of assets under the Medicaid regulations. He is admitted to practice in Rhode Island, Massachusetts, Florida, the U.S. District Court, and the U.S. Tax Court. Mr. Correira earned his B.A. degree, with honors, from The George Washington University and his J.D. degree and LL.M. degrees from Villanova University School of Law. He also completed Villanova’s Estate Planning Certificate program.

MATTHEW J. LEONARD is of counsel at the Providence law firm of Salter McGowan Sylvia & Leonard, Inc., where he practices in the areas of estate planning and asset protection planning, Medicaid planning, elder law, real estate, probate administration, and related litigation. He is a member of the Rhode Island and Massachusetts bar associations, and The Florida Bar. Mr. Leonard has been a frequent lecturer on topics related to his practice, including "Drafting Effective Wills and Trusts," "Resolving Estate Will and Trust Contests," "Protecting Assets While Qualifying for Medicaid," “Elder Law Home Care and Caregiver Agreements,” “Medicaid Planning,” and “Special Needs Trusts: Planning for Persons with a Disability.” Mr. Leonard is a member of the National Academy of Elder Law Attorneys and a former member of the Town of Smithfield Planning Board. He is a past president of the Providence College Alumni Association and recipient of Providence College’s Mal Brown Award. Mr. Leonard is a recipient of the “Men Who Make a Difference Award” from the Women’s Resource Center of Rhode Island. He is a principal owner of Murphy & Fay Title and Escrow, LLC. Mr. Leonard earned his B.S. degree from Providence College and his J.D. degree from Roger Williams University School of Law.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com


Accreditation Details

Continuing Legal Education

RI CLE: 8.00 Including - Ethics: 1.00
National Business Institute is an accredited sponsor with the Rhode Island MCLE Commission. This program is approved for 8.0 hours of CLE credit in Rhode Island, including 1.0 of ethics.



National Association of State Boards of Accountancy

N NAS: 8.00 Including - Administrative Practice: 4.00, Regulatory Ethics: 1.00, Taxes: 3.00
NBI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. This program is designed to qualify for 8.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint and refund, please contact our offices at (800) 930-6182.

This is an advanced level program presented in a group live setting. Accountants should have a basic understanding of trusts and estates. This course will: 1. State how include "must have" language in trusts 2. State how to structure trusts to plan for Medicaid and long-term care. 3. Evaluate how to plan trusts with IRAs and other retirement accounts. 4. State how to deal with complex will issues. 5. State how to address problem Power of Attorney situations. 6. Restate how to trim down income taxation of trusts and estate 7. List two ways to make full use of portability without missing other opportunities. 8. State how to make the greatest use of the tax basis step-up rules. 9. List two ethical standards. Field(s) of Study -- Administrative Practice; Taxation; Regulatory Ethics.

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