No matter how masterfully crafted the trust, conflicts are ubiquitous. This practical course focuses on top trust pain points and offers prevention and resolution options that will help drafters, litigators and fiduciaries. Be your clients' calm within the storm - register today!
Hear what works well to support/disprove the validity of a trust.
Review the latest case law shaping trust litigation practice.
Explore top contested accounting and distributions issues.
Resolve problems of trusts set up in other states.
Address liability for trust tax problems.
Who Should Attend
This trusts and estates course is designed for attorneys. Accountants, fiduciaries and paralegals will also benefit.
Jurisdiction and Trust Situs Issues
Creation of Trust, Validity of Trusts
Fraud, Duress, and Undue Influence (CA Barefoot v. Jennings Impact)
Special Needs Trusts Qualified Expenses
Contested Accountings and Distributions
Fiduciary Liability for Trust Tax Issues
Liability for Failure to Monitor/Pay Expenses (Wilkinson v. Nielsen, 2020 WL 216741)
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 1.50 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 an Intermediate level program presented in a group internet-based setting. Accountants should have a basic understanding of trust issues. No advanced preparation is required.Upon completion of this course, attendees should be able to: 1. Recall one trust accounting problem. 2. Provide an example of a trust jurisdiction issue. 3. Recall one type of expense that is allowed in a special needs trust.Field(s) of Study -- Specialized Knowledge.
JAMES J. COSTELLO JR. is a shareholder of Norris McLaughlin, P.A.,
and co-chair of the firm’s tax, trust & estates practice group. He focuses his practice on estate planning and administration; litigation and disputes among beneficiaries; general federal and state tax law and controversies; and the formation, dissolution, purchase and sale of all types of closely-held business entities. Mr. Costello is a member of the New Jersey State and Connecticut bar associations, the District of Columbia Bar Association, the U.S. District Court District of New Jersey and Connecticut, as well as the U.S. Tax Court. He is affiliated with the American Bar Association (Taxation and Real Property, Trust and Estate Law sections), as well as the New Jersey State Bar Association (Real Property Probate and Trust and Tax sections), the Connecticut Bar Association (Taxation Estates and Probate sections), and the National Academy for Elder Law Attorneys. Mr. Costello earned his B.S. degree, cum laude, from the University of Bridgeport; his J.D. degree, cum laude, from Western New England College School of Law; and his M.L.T. degree from Georgetown University Law Center.
NICHOLAS J. DIMAKOS is an attorney at Norris McLaughlin, P.A., who focuses primarily on probate and fiduciary litigation. His practice includes all types of contested trust and estate matters, including will contests and challenges to account beneficiary designations; accounting actions involving estates, trusts, and powers of attorney; contested administrations involving challenges to and the defense of the actions of fiduciaries; and trust terminations and modifications. His practice also includes guardianship litigation. Mr. Dimakos represents healthcare facilities and family members seeking guardianship and serves as court-appointed counsel for alleged incapacitated individuals. He regularly appears before probate courts throughout northern and central New Jersey, including Bergen, Essex, Hunterdon, Mercer, Middlesex, Morris, Somerset, Union, and Warren counties. Mr. Dimakos' experience before these courts helps him to guide clients in formulating the proper strategy tailored to their particular case. He writes about probate litigation and guardianships on the firm's New Jersey Beneficiary Rights Blog. Mr. Dimakos clerked for the Assignment Judge of Bergen County, the Honorable Peter E. Doyne (Ret.), before entering private practice. He received his B.S. degree, magna cum laude, from the College of New Jersey; and his J.D. degree, magna cum laude, from Seton Hall University School of Law. Mr. Dimakos is admitted to the New Jersey State Bar Association, the New York State Bar Association, and the U.S. District Court, District of New Jersey. He is a member of the Somerset County Bar Association, the New Jersey State Bar Association and the Equity Jurisprudence Committee.
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