Audio CD + Course Book

Estate Planning: A How-To Guide

Audio CD + Course Book

Copyright Date:

February, 2018

Product ID#:

78266CDRA

Audio + Course Book

Credit Information

Continuing education credit
is not available on this program.


  • For additional questions regarding
  • continuing education credits,
  • please contact us at 866-240-1890
  • or credit@nbi-sems.com
From Event: Estate Planning: A How-To Guide, held February 2018.

Program Description

Do you have all the knowledge and skills you need to draft tailored testamentary documents and minimize tax burdens for each of your clients? This comprehensive course will become your ultimate guide to estate planning. From client intake through tax planning and business succession strategies, you will receive tips, sample forms and answers to your most pressing questions to help you excel. Get the latest knowledge on effective will and trust planning techniques - order today!

Course Content

DAY 1

  1. Client Screening and Intake
  2. Key Elements of Effective Wills
  3. Basic Tax Planning
  4. Documenting Long-Term Care, Incapacity and End-of-Life Decisions
  5. Planning for Unmarried and Remarried Couples
  6. Business Succession Planning

DAY 2

  1. Trusts 101
  2. Who is the Fiduciary?
  3. Revocable Living Trusts
  4. Trusts Used for Tax Reduction - Drafting Tips and Samples
  5. Grantor Trusts
  6. Ethical Considerations

Continuing Education Credit

Continuing Legal Education – CLE


* denotes specialty credits

Agenda / Content Covered

DAY 1

  1. CLIENT SCREENING AND INTAKE
    9:00 - 10:00, Kimberley A. Murphy
    1. Clarifying Goals and Forecasting Needs
    2. Assessing Current and Future Assets and Debts
    3. Dealing with Family Dynamics: Past, Present and Future
    4. What to Look for in Reviewing Existing Estate Plans
    5. Sample Info Gathering Forms and Checklists
    6. Determining Your Overall Estate Plan Strategy
      1. for an Estate not Subject to Estate Tax
      2. for an Estate Potentially Subject to Estate Tax
      3. for an Estate Subject to Estate Tax
  2. KEY ELEMENTS OF EFFECTIVE WILLS
    10:15 - 11:15, Kimberley A. Murphy
    1. Establishing Statutory Framework
    2. Types of Wills
    3. Testator's Competency - Verifying and Documenting
    4. Beneficiary Designations and Distributions in Retirement Plans and Life Insurance
    5. Titling Assets
    6. Sample Will Provisions
    7. Updating Will Documents
  3. BASIC TAX PLANNING
    11:15 - 12:15, Lori G. Booker
    1. Estate Tax Update
    2. Step-up Basis of Various Assets
    3. Gift Tax and Exclusions
    4. Generation-Skipping Transfer Tax
    5. Planning for the Final Income Tax Return
    6. Trust Taxation Basics
    7. Disclaimer Trusts
    8. Crummey Powers and the IRS
    9. Typical Creditors and How to Deal with Them
    10. Simple Tips for Minimizing Tax Burden
    11. Tax Treatment of Trusts
  4. DOCUMENTING LONG-TERM CARE, INCAPACITY AND END-OF-LIFE DECISIONS
    1:15 - 2:15, Richard G. Wohltman
    1. Medicaid Planning Overview
    2. Long-Term Care Options and Planning in a Nutshell
    3. Special Needs Trusts
    4. Advance Medical Directives
    5. Powers of Attorney
    6. DNR Orders and Organ Donation Considerations
  5. PLANNING FOR UNMARRIED AND REMARRIED COUPLES
    2:30 - 3:30, Richard G. Wohltman
    1. Pre- and Post-Marital Agreements
    2. Planning for Children from Previous Marriage(s)
  6. BUSINESS SUCCESSION PLANNING
    3:30 - 4:30, E. Michael Paturis
    1. When the Business is Transferred to the Beneficiary in Full
    2. Buy-Sell Agreement Basics
    3. Business Structure Conversion
    4. Minimizing Tax Burden in Transferring Ownership
    5. Business Valuation and Sale

DAY 2

  1. TRUSTS 101
    9:00 - 10:00, Rhonda A. Miller
    1. Types, Goals and Functions of Trusts
    2. Major Laws Governing Trust Creation and Administration
    3. Who are the Main Parties? Their Duties and Responsibilities to a Trust
    4. Revocable vs. Irrevocable
    5. Choosing Trust Situs
    6. Trust Funding Basics
  2. WHO IS THE FIDUCIARY?
    10:15 - 11:15, Kimberley A. Murphy
    1. Personal Representatives and Trust Officers: Powers and Duties
    2. Helping Clients Pick the Fiduciary(ies)
    3. Your Contact with the Personal Representative
    4. Trust Protectors and Advisers
    5. Fiduciary Liability
  3. REVOCABLE LIVING TRUSTS
    11:15 - 12:15, Rhonda A. Miller
    1. Traditional Estate Planning vs. Revocable Trust Planning
    2. Credit Shelter Trusts
    3. Marital Deduction Trusts
    4. Qualified Terminable Interest Trusts (QTIPs)
    5. Drafting Tips and Samples
    6. Common Mistakes to Avoid
  4. TRUSTS USED FOR TAX REDUCTION - DRAFTING TIPS AND SAMPLES
    1:15 - 2:15, E. Michael Paturis
    1. Irrevocable Life Insurance Trusts (ILITs)
    2. Charitable Remainder Trusts
    3. Qualified Domestic Trusts
    4. Qualified Personal Residence Trusts (QPRTs)
    5. Defective Trusts
    6. Education Trusts for Children and Grandchildren
    7. Generation Skipping Trusts
  5. GRANTOR TRUSTS
    2:30 - 3:30, Emory E. Hackman Jr.
    1. Intentionally Defective Grantor Trusts (IDGTs)
    2. Drafting Tips and Samples
    3. Taxation Considerations - When to File the Return?
    4. Administrative Power
  6. ETHICAL CONSIDERATIONS
    3:30 - 4:30, Kimberley A. Murphy
    1. Defining Who Your Client is from the Start
    2. Handling Clients with Diminishing Mental Capacity
    3. Lawyers Acting as Fiduciaries
    4. Estate Status Updates for Clients - Why it Pays Off and How to do it Efficiently
    5. Practicing before the IRS
    6. Getting Paid: Billable/Non-Billable Hour and Retainer Agreements
    7. Preventing Unauthorized Practice of Law by Legal Staff

LORI G. BOOKER , JD, CPA, is a founding partner at SageTrust Law Group, PLLC, in McLean, Virginia. Ms. Booker practices in the areas of estate and wealth transfer planning, estate and trust administration, professional fiduciary, tax and family office services for individuals, families, and business owners. She brings her clients a unique and extensive background in accounting, law, tax, and personal finance. Ms. Booker is a member of the Maryland State Bar Association (member: Estates & Trusts Law, Taxation, and Elder & Disability Rights sections), District of Columbia Bar Association (member: Estates, Trusts & Probate Law, and Taxation sections), National Society of Accountants and the Washington DC Estate Planning Council. She earned her B.S. degree in accounting from Florida Agricultural & Mechanical University, her M.B.A. degree in finance from Florida Agricultural & Mechanical University and her J.D. degree from Georgetown University Law Center.

EMORY E. HACKMAN JR. is a sole practitioner with Emory E. Hackman Law Offices, in McLean/Falls Church, who specializes in wealth preservation. He has been an entrepreneur and practicing attorney for more than 40 years. His practice has evolved from a broad scope of services, including foreign financial transactions and a successful public securities offering, to estate planning, administration, wealth preservation, and federal litigation on fraud and concealment. Mr. Hackman is counsel to the Board of Directors of the Virginia Gun Collectors Association. He continues to be in demand to speak before legal, accounting, networking, writing and business groups, such as the Arlington, Fairfax, McLean and American bar associations; the Greater Washington Society of CPAs; the Washington Independent Writers; Third Thursday; and the McLean Estate Planning Council. Mr. Hackman enjoys mentoring other attorneys who are faced with unique, difficult and complex cases. He is a member of the McLean and Arlington bar associations, and the Virginia State Bar. He frequently speaks on the subject of ethics and is listed in Who's Who in America. He earned his B.S. degree from West Virginia University.

RHONDA A. MILLER is a partner of the Fairfax law firm of Yates, Campbell & Hoeg, LLP, where she is well-versed in all aspects of estate planning, asset protection planning and business planning. She is experienced in drafting wills, trusts (including special needs trusts, pet trusts, asset protection trusts, spousal access trusts and other specialty trusts), powers of attorney, medical powers of attorney (sometimes known as advanced medical directives), and other estate planning documents, as well as business planning documents. Ms. Miller conducts training seminars and is a continuing education sponsor for the Certified Financial Planner Board and insurance agents. She was named Best Attorney by the Wall Street Journal and won Women in the Law. Ms. Miller is a member of the bars of the Commonwealth of Virginia, the District of Columbia, and the State of California. She earned her B.A. degree, with honors, from Pennsylvania State University and J.D. degree, with honors, from Loyola Law School in Los Angeles.

KIMBERLEY A. MURPHY has been a partner and principal attorney of the law firm of Hale Ball Carlson Baumgartner Murphy, PLC, in Fairfax, where she concentrates her practice in the areas of administrative law (professional license compliance), estates and trusts (administration and litigation), and business/civil (litigation). She has appeared on numerous occasions before many circuit courts throughout the commonwealth, in addition to the Court of Appeals of Virginia and the Supreme Court of Virginia, as well as the Virginia Department of Health Professions and Department of Alcoholic Beverage Control. Ms. Murphy is admitted to practice before the Supreme Court of the United States. She earned her B.A. degree from Michigan State University and her J.D. degree, magna cum laude, from Michigan State University College of Law.

E. MICHAEL PATURIS is the principal of the law office of E. Michael Paturis, Attorney at Law, where his areas of practice include taxation, including estate and succession planning and representation of taxpayers in material tax controversies; advice and assistance with respect to establishment of different types of legal entities; and experienced representation with respect to business, corporate and partnership matters. He also practices in trusts and estates, estate planning, and wills. Mr. Paturis is also a certified public accountant. He is admitted to practice in North Carolina, the District of Columbia, and Virginia. Mr. Paturis is a member of the Alexandria County and Virginia bar associations, the District of Columbia Bar, North Carolina State Bar, Virginia State Bar, and the Virginia Society of Certified Public Accountants. He earned his B.S. degree from the University of North Carolina Chapel Hill and his J.D. degree, with honors, from the University of North Carolina.

RICHARD G. WOHLTMAN is an attorney at Alexandria Elder Law & Estate Planning, in Old Town Alexandria, Virginia. He focuses his practice on estate, retirement, asset protection planning, planning for incapacity, administration of trusts and estates, business succession planning, and business formation. Mr. Wohltman is particularly interested in assisting individuals who are faced with the need for long-term care and have limited assets to cover the ever-increasing expense of that care. Advice regarding government programs and the complexity of qualification is especially important as the population ages. He also provides representation to business owners and professional practices in the areas of business continuity planning and retirement planning. Mr. Wohltman is a frequent speaker on estate planning and related issues and is a contributing author of Ways and Means: Maximizing the Value of Your Retirement Savings. He is a member of the Virginia State Bar (Estate and Trusts Section). Mr. Wohltman also is member of the National Academy of Elder Law Attorneys (NAELA) and its Virginia Chapter; a founding member of WealthCounsel, a collegial membership body of thousands of professionals and an industry thought leader; a member of ElderCounsel, an organization of attorneys practicing elder law; and provides education for those who represent older Americans in asset protection and government benefit planning. He earned his B.A. degree, with honors, from Villanova University and his J.D. degree from Georgetown University Law Center.

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

VA CLE:
This content has been approved for Virginia Mandatory Continuing Legal Education credit. Credit hours will be awarded based on the actual run time.


Additional Format Options

Questions


How To Order

Web: Order Now
Call: 800.930.6182
Fax: 715.835.1405
Mail: NBI
P.O. Box 3067
Eau Claire, WI 54702