Today's savvy clients are increasingly requesting trusts as a part of their estate or financial plans. Recently these vehicles have become a sought-after method for people to safeguard assets for themselves and their beneficiaries. Your clients rely on you to help them select the best options and walk them through these processes from start to finish. Are you confident you could give them the personalized and informed advice they need?

Order today to gain the skills and knowledge you need to ensure your clients' planning needs are met. Be prepared to answer questions by understanding the key elements of 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
2. Recognizing the Different Types of Trusts
3. Mechanics of Drafting and Executing Trusts
4. Fundamental Understanding of Ethics in Trusts
5. Successfully Navigating the Tax Aspects of Trusts
6. How to Administer a Trust Appropriately

Continuing Education Credits:   

* denotes specialty credits

1. ESSENTIAL KNOWLEDGE FOR WORKING WITH TRUSTS
   9:00 - 10:00, Christopher L. Thompson
   1. Deciphering Trusts – What They are and How They Work
   2. Who are the Main Parties, Their Duties and Responsibilities to a Trust
   3. Advantages and Disadvantages of a Trust
   4. New Developments in Trusts
2. RECOGNIZING THE DIFFERENT TYPES OF TRUSTS
   10:15 - 11:15, Sara K. Yen
   1. Revocable Living Trusts – Avoiding Probate
   2. Irrevocable Trusts – Providing Tax Saving Benefits
   3. Family/Exclusion Trusts – Providing Lifetime Income
   4. Charitable Trusts – Reducing Taxable Estate and Providing Income
   5. Marital Trusts – Distributing Income and Principal for Lifetime
   6. Special Needs Trusts – Preserve Eligibility for People With Disabilities
   7. Testamentary Trusts – Directing How and Whether the Trust Money Should be Spent
3. MECHANICS OF DRAFTING AND EXECUTING TRUSTS
   11:15 - 12:15, Christopher L. Thompson
   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 - 2:15, Richard A. Uffelman
   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
   2:30 - 3:30, Sara K. Yen
   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, June M. Wiyrick Flores
   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

CHRISTOPHER L. THOMPSON is a member of The Larson Law Firm, P.C., in West Linn, where he practices in the areas of trust administration, probate, estate planning and business organizations. He earned his B.A. degree from Washington State University and his J.D. degree from the University of California School of Law at Los Angeles. Mr. Thompson is a member of the Multnomah County Bar Association, the Oregon State Bar, the Washington State Bar Association, the State Bar of California and the U.S. Supreme Court.

RICHARD A. UFFELMAN is an attorney at the law firm of Buckley LeChevallier PC, where his main areas of practice include taxation, real estate, foreclosures, buying and selling businesses, construction liens estate planning, probate and trust administration, business entity formations and liquidation. Mr. Uffelman has lectured extensively on real estate matters. He earned his B.A. degree from Lewis & Clark College, his J.D. degree from Willamette University College of Law and his L.L.M. degree from New York University School of Law. Mr. Uffelman is a board member of Northwest Real Estate Investors, Inc. and also is a former assistant attorney general in the tax division for the Oregon State Department of Justice.

JUNE M. WIYRICK FLORES is a member of the firm of Ater Wynne LLP, where her practice is focused on estate planning, asset protection and wealth preservation. She earned her B.A. degree from Eastern Washington University and her J.D. degree from Northwestern School of Law. Ms. Wiyrick Flores is a member of the Estate Planning Council of Portland, the Family Firm Institute, Attorneys for Family-Held Enterprises, the Oregon State Bar (member, Estate Planning Section) and the Washington State Bar Association (member, Real Property, Probate and Trust Section).

SARA K. YEN is the owner of The Law Offices of Sara K. Yen, P.C., in Lake Oswego, Oregon, where she focuses her practice in the areas of estate planning, business planning and estate administration. She earned her B.A. degree from Portland State University, her J.D. degree from Boston College Law School and her LL.M. degree from the University of Washington School of Law Graduate Program in Taxation. Ms. Yen is a member of the Oregon State Bar (member, Estate Planning, Taxation and Elder Law sections), the Multnomah Bar Association, Women in Insurance and Financial Services (Board Member), and the Financial Planning Association of Oregon and Southwest Washington. Her professional memberships also include WealthCounsel, a nationwide collaborative association of trusts and estates attorneys, and other legal, tax and business professionals. Ms. Yen has lectured to attorneys, CPAs and tax professionals on business succession planning and estate planning matters.

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