Planning and Drafting Errors You Do Not Want to Make
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Planning and Drafting Errors You Do Not Want to Make
Unintended transfers, unfavorable tax treatment, exposure to creditors - trust planning and drafting mistakes can result in any number of disastrous consequences. In this program, we've rounded up the top ten errors lawyers make when setting up a trust so you know exactly what to avoid. Prevent and rectify drafting mistakes before it's too late - register today!
This program is designed for attorneys. Trust officers, accountants, and paralegals may also benefit.
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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.nasbaregistry.org.This program is designed to qualify for 7.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint, refund and program cancellation, please contact our offices at (800) 930-6182.
This is a Basic level program presented in a group internet-based setting. No advanced preparation or prerequisites are required.Upon completion of this course, attendees should be able to: 1. Explain the consequences of unverified testator capacity. 2. Describe a choice of trust structure mistake. 3. State why trying to make one instrument fulfill disparate client goals is a bad thing. 4. Identify choice of law issues. 5. Explain how a trust can interfere with beneficiaries' benefits eligibility. 6. Give an example of a problematic distribution provision. 7. State how trustees can abuse their powers. 8. List two tax planning mistakes. 9. Describe two trust administration errors. 10. Identify three trust modification or termination mistakes. 11. State two ethics issues trust and estate lawyers face.
UZZELL S. BRANSON IV is a partner in The Law Offices of Branson & Branson, LLP, and manages the San Diego office of the firm. He concentrates his practice in the areas of probate and trust litigation and its attendant issues such as civil business and commercial litigation involving closely held businesses. Mr. Branson also does a significant amount of estate planning and business succession planning as part of his current practice. Before founding the firm in March 2014, he was a sole practitioner. During his time as a solo attorney, Mr. Branson trained interns and paralegal students, and also administered the practical skills civil litigation course at the University of San Diego in the spring of 2012. He is admitted to practice in all California courts, the federal courts in the Southern and Central districts of California, and is a member of the Trusts and Estates Section of both the San Diego County Bar Association and the Los Angeles County Bar Association. Mr. Branson earned his B.A. degree in philosophy from the University of California, San Diego; and his J.D. degree, cum laude, from the University of San Diego School of Law.
BEN SCHWEFEL is an attorney with Murtaugh Treglia Stern & Deily LLP, where he works with individuals, families, trustees, executors, personal representatives, and small business owners, with his primary areas of practice including estate planning, asset protection, business formation, trust administration, probate, and trust litigation. Mr. Schwefel is admitted to practice in California. He earned his B.A. degree from the University of California at San Diego and his J.D. degree from the University of San Diego School of Law. Mr. Schwefel is a member of the Orange County Bar Association (Young Lawyers Division and Trust & Estates Section).
VANESSA M. TERZIAN is an attorney with Lagerof, LLP focusing her practice in estate and tax planning, asset protection, elder law, probate, and trust administration. She also draws on her real estate and business background in crafting comprehensive plans for her clients. Ms. Terzian is a skilled public speaker, having conducted countless seminars throughout her legal career on various topics of estate planning, including special needs planning, advanced tax planning, and asset protection for individuals and small businesses. She is a faculty member at the Institute for Preparing Heirs and an adjunct professor of wills and trusts at Southwestern Law School. Ms. Terzian earned her bachelor's degree, magna cum laude, from the University of California San Diego and her law degree from Loyola Law School (Dean's Honors List).
ROBERT E. WARD has practiced as a tax attorney for over 37 years. He is the founder of WardChisholm, LLP, a firm of tax attorneys with offices in Bethesda, Maryland and Vancouver, British Columbia. In addition to practicing law, Mr. Ward was an adjunct faculty member for 29 years at George Mason University School of Law in Arlington, Virginia, where he taught courses on business planning, estate and gift taxation, and estate planning. He currently is an adjunct faculty member in the graduate tax program at Allard School of Law, University of British Columbia where he teaches classes on U.S. taxation and cross-border planning. Mr. Ward has also written numerous articles on business, tax, and estate planning topics. His most recent article is "Wonderland Redux: The Meaning of 'Willful'", 47 Bloomberg BNA Tax Management International Journal 582 (September 14, 2018). He is a member of the Bloomberg BNA Tax Management Advisory Board - U.S. International and regularly contributes to its Leading Practitioner Commentary. Mr. Ward is a member of the Maryland State Bar Association (Tax Section), the Washington State Bar Association (Tax Section), the State Bar of California (Tax Section), and is licensed by the Law Society of British Columbia as a practitioner of foreign law. He earned his B.A. degree from Northwestern University, his J.D. degree from the University of Santa Clara School of Law, and his LL.M. degree in taxation from Boston University School of Law.
KARL D. WARDEN is a sole practitioner in Nashville, where he practices in the areas of elder law, estate planning, business law, business litigation, and civil law. He has been practicing law for more than 30 years and has lectured for professional groups on matters related to estate planning and elder law. Mr. Warden is admitted to practice in Tennessee. He earned his B.A. degree from Vanderbilt University, his J.D. degree from West Virginia University College of Law, and his LL.M. degree from George Washington University Law School. Mr. Warden is a member of the Nashville Bar Association, a recipient of the CLE Excellence Award and a fellow of the Nashville Bar Foundation.
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