Missouri Trust Administration Guide

Agenda / Content Covered

All times are shown in Central time.

1. Accounting/Distributions in Trust Administration
   9:00 - 9:30, Kathleen R. Urbom
   1. Notices of Proposed Actions
   2. Trust Provisions Concerning Distributions
   3. Investing Assets
   4. Distinctions Between Trust Fiduciary Accounting and Income Tax Accounting
   5. Distribution to Beneficiaries
   6. Final Distributions and Trust Termination
2. State and Federal Trust Taxation Issues
   9:30 - 10:00, Kathleen R. Urbom
   1. Tax Consequences of Trustee's Actions
   2. Real Property Taxes
   3. Income Tax Planning
   4. Estate, Gift, and GST Tax Issues
   5. Tax Consequences of Paying Retirement Benefits to Trusts
   6. Tax Basis in the Assets
   7. Trusts Used for Tax Reduction: What's Working (and What Isn't)
3. Laws Governing the Administration of Trusts
   10:00 - 10:30, Susan Bratcher
   1. Governing Uniform Laws (UTC, UPAIA, UPIA, etc.)
   2. Other State and Federal Fiduciary Laws
   3. Choice of Law and Jurisdiction Issues in Trust Administration
4. Trust Asset Management, Creditors, Fees, and Expenses
   10:30 - 11:00, Susan Bratcher
   1. Determining Trustee Fees
   2. Communication With Creditors
   3. Managing, Selling, and Distributing Property and Assets
5. Fiduciary Tax Returns
   11:15 - 11:45, Carolyn M. Ohlsen
6. Resolving Trust Disputes and Making Changes to Trusts
   11:45 - 12:15, Savina N. Keaney
   1. Determining Which Court has Jurisdiction Over the Trust
   2. Top Disputes
   3. When to Seek the Direction of the Court
   4. Using ADR in Trusts Practice
   5. Trust Modification

Accreditation Details:

SUSAN BRATCHER is the principal attorney with Bratcher Legacy Estate Planning, LLC, where she practices in the areas of estate planning and bankruptcy. She earned her B.S.B.A. degree from Rockhurst University and her J.D. degree from Southern Methodist University, Dedmon Law School. Ms. Bratcher also attended Oxford University, University College, Oxford, England for a summer program for law school. She is licensed to practice law in Kansas, Missouri, the District of Kansas in Federal Court and the Western District of Missouri in Federal Court.

SAVINA N. KEANEY is an attorney at Lowenhaupt & Chasnoff, LLC. She practices in in estate planning and wealth planning. Her practice experience also includes business planning, entity formation, transactions and contract negotiation, and family law. She earned her J.D. degree from Washington University School of Law after receiving her B.A. degree from Emory University.

CAROLYN M. OHLSEN is an attorney with Lowenhaupt & Chasnoff, LLC, and advises individuals and families on all phases of estate, trust and partnership planning, including tax, administration and legacy development. She has lectured and chaired professional level courses and other programs on sophisticated estate planning topics, structuring for retirement assets, and transfer taxes. Ms. Ohlsen has been interviewed and cited as an authority in such areas in national publications. She represents taxpayers in private letter rulings and transfer tax audits. Ms. Ohlsen received the accredited estate planner (AEP) designation from the National Association of Estate Planners and Councils, in 2007 and a certificate in fiduciary governance from the Leadership Center for Investment Stewards, in 2012. She also leads practice management for the firm. Ms. Ohlsen received her M.B.A., B.S. and J.D. degrees, cum laude, from Saint Louis University.

KATHLEEN R. URBOM is a sole practitioner with Urbom Law Offices Chartered in Topeka and Olathe, where she has a civil practice, including contract formation and litigation, business entities formation and governance, estate planning and probate, and special education law. Ms. Urbom has spoken previously on special education law, landlord tenant law and end of life planning, including business succession, wills and trusts, and guardian conservatorships. She is a member of the Kansas and Topeka bar associations, the Women's Attorneys Association of Topeka, and Jenny Mitchell Kellogg Circle. Ms. Urbom earned her B.S. degree from St. Mary of the Plains College and her J.D. degree from Washburn University of Topeka.