Live Seminar

Estate Planning and Administration: The Complete Guide

Seminar

Date:

2 Day Seminar
Monday, March 12, 2018 -
Tuesday, March 13, 2018

Time:

9:00 AM - 4:30 PM

Product ID#:

78277ER

Location:

Centre Park Event and Banquet Center

5800 Muhlhauser Road

West Chester, OH 45069

$575.00

$565 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • KY CLE - 12.00
  • OH CLE - 12.00

CPE for Accountants

  • CPE for Accountants/NASBA - 14.00

Other

  • Financial Planners - 14.00
  • IACET - 1.20

Program Description

Find Out How Key Estate Planning Tools are Drafted and Implemented

Every client's estate is unique in its assets composition, family dynamics and future needs, but all are ruled by the same principles and are subject to the same tax and legal limitations. In this comprehensive legal guide, experienced attorney faculty will guide you through the process of estate planning and administration and show you how to select the best trust instruments and wield them skillfully to avoid mistakes at probate. They will also teach you how to properly administer the estate and tackle potential mistakes of improperly drafted documents, changed circumstances and newly arising conflicts. Become fully prepared to protect your client's legacies - register today!

  • Get an update on the current tax regime and other key regulations.
  • Get the case off on the right foot with a thorough and thoughtful client intake.
  • Compare key trust structures and their effect on the grantor and beneficiary tax future burdens.
  • Help clients plan for and fund long-term care.
  • Ensure confidentiality before and after the client's death.
  • Get useful checklists for key dates and tasks in estate administration.
  • Clarify what can be distributed through non-probate transfers and how to do it correctly.
  • Explore creditor issues in estate administration and get trouble-shooting tips from the pros.
  • Find out how much planning can still be done after the client's passing.
  • Discuss the duties and powers of fiduciaries, their limits and real-life application.
  • Get tips for closing the estate to prevent future disputes.

Who Should Attend

This basic-to-intermediate level seminar on estate planning and administration is designed for:

  • Attorneys
  • Accountants and CPAs
  • Paralegals
  • Tax Managers
  • Trust Officers
  • Certified Financial Planners
  • Investment Advisers

Course Content

DAY 1: ESTATE PLANNING AND TRUST BASICS

  1. Key Laws and Client Intake/Goal Setting
  2. Planning for Long-Term Care and End-of-Life Decisions
  3. Testamentary Documents - Drafting Do's and Don'ts
  4. Common Trust Structures and When They're Used
  5. Transfers During Life and Inter-Vivos Trusts
  6. Tax Consequences of Trusts

DAY 2: PROBATE AND ESTATE ADMINISTRATION

  1. Probate Process Overview
  2. Post-Mortem Tax Planning Options
  3. Marshalling Assets and Dealing with Creditors
  4. Legal Ethics in Estate Practice
  5. Closing the Estate

Continuing Education Credit

Continuing Legal Education

Credit Hrs State
CLE 12.00 -  KY*
CLE 12.00 -  OH*

Financial Planners – Financial Planners: 14.00

International Association for Continuing Education Training – IACET: 1.20

National Association of State Boards of Accountancy – CPE for Accountants/NASBA: 14.00 *


* denotes specialty credits

Agenda / Content Covered

DAY 1: ESTATE PLANNING AND TRUST BASICS

  1. Key Laws and Client Intake/Goal Setting
    9:00 - 10:00, Christopher Sove
    1. Laws Governing the Estate Practice
    2. Current Federal Tax Regime
    3. Relevant State Taxes
    4. Reasons for Setting Up Trusts
    5. Client Meetings and Customizing Client Intake Forms
  2. Planning for Long-Term Care and End-of-Life Decisions
    10:15 - 11:30, Christopher Sove
    1. Financial Powers of Attorney
    2. Advance Medical Directives
    3. Planning for Retirement and Estate Planning
    4. Long-Term Care Placement Options
    5. Funding Long-Term Care
    6. Medicaid Planning and Estate Recovery
      1. The Lookback Rules and the Penalty Period
      2. Exempt vs. Non-Exempt Assets
      3. Outright Gifts vs. Gifts Into Trust
    7. Special Needs Planning
  3. Testamentary Documents - Drafting Do's and Don'ts
    11:30 - 12:30, Christopher Sove
    1. Wills vs. Trusts
    2. Testamentary Trust vs. Inter-Vivos Trust with a Pour-Over Will
    3. Designating Fiduciaries
    4. Recording Assets - Checklist
    5. Sample Will Review
  4. Common Trust Structures and When They're Used
    1:30 - 2:15, Christopher Sove
  5. Transfers During Life and Inter-Vivos Trusts
    2:15 - 3:15, Christopher Sove
    1. Beneficiary Designations
    2. Titling Assets
    3. Gifting Approaches
    4. Tax Effects of Asset Transfers During Life
    5. Top Creditor Protection Approaches
    6. Planning for Real Estate
    7. Types and Functions of Common Living Trusts
  6. Tax Consequences of Trusts
    3:30 - 4:30, E. Dale Searcy

DAY 2: PROBATE AND ESTATE ADMINISTRATION

  1. Probate Process Overview
    9:00 - 10:30, Adriann S. McGee
    1. Crucial Due Dates Timeline
    2. Community Property Law in Estate Administration
    3. Intestacy Rules
    4. Executor's Duties and Powers
    5. Administration Process Checklist
  2. Post-Mortem Tax Planning Options
    10:45 - 11:45, E. Dale Searcy
  3. Marshalling Assets and Dealing with Creditors
    12:45 - 2:00, Colleen B. Laux
    1. Dealing with Creditors: Notices, Apportionment
    2. Solving Liquidity Problems
    3. Claiming Portability Election
  4. Legal Ethics in Estate Practice
    2:00 - 3:00, Patrick E. McCausland
    1. Who is Your Client?
    2. Testamentary Capacity
    3. Protecting Confidentiality
    4. Attorney Fees
  5. Closing the Estate
    3:15 - 4:30, Julia E. Tarvin
    1. Final Accounting
    2. Final Tax Returns
    3. Final Beneficiary Distributions

COLLEEN B. LAUX is a staff attorney in the Cincinnati office of Vorys, Sater, Seymour and Pease LLP and a member of the firm's tax group. An Ohio State Bar Association certified specialist in estate planning, trust and probate law, Ms. Laux practices in the areas of estate planning, including wills, revocable trusts, irrevocable trusts, powers of attorney, health care powers of attorney and living wills, as well as probate administration-decedent's estate and guardianships. She has significant experience in representing guardians whose wards are receiving disability benefits from the Department of Veterans Affairs (VA guardianships). Ms. Laux has lectured on several topics, including basic estate planning and probate; the use of life insurance in estate planning; trusts in Ohio; and administering a decedent's estate in Ohio. She is a member of the Greater Cincinnati Estate Planning Counsel; and the American, Ohio State, Cincinnati bar associations.

PATRICK E. McCAUSLAND is a founding partner of Singer & McCausland Co., LPA. Prior to forming Singer & McCausland Co., LPA in 2006, he was an associate attorney at Pratt Singer Papakirk, LPA. Mr. McCausland works for individuals and corporate clients in matters related to estate planning, probate, trusts, business formation and real estate law. He has been practicing as an attorney for nearly two decades. Mr. McCausland graduated from the University of Cincinnati College of Law. He earned his B.S. degree in environmental science from Bowling Green State University.

ADRIANN S. McGEE is an attorney at the law firm of Reminger Co., L.P.A., in Columbus, Ohio, where she focuses her legal practice in the areas of fiduciary litigation, financial exploitation, incompetence and undue influence cases, power of attorney abuse, trust and will contests, probate administration, guardianship administration and disputes. Prior to joining the firm, Ms. McGee practiced plaintiff's litigation and served as a guardian ad litem. She is a member of various professional bar associations, including the Ohio State Bar Association, the Columbus Bar Association, the Ohio Guardianship Association, and the Ohio Women's Bar Association. Ms. McGee is also a member of the Chief Justice Moyer Inns of Court. She earned her B.A. degree from the University of Missouri and her J.D. degree from Florida Coastal School of Law.

E. DALE SEARCY is a professor of law at the University of Dayton School of Law. Professor Searcy has taught at the School of Law for more than 25 years on courses related to tax and estates. He is the adviser for the tax moot court teams and the Phi Delta Phi legal professional fraternity. Professor Searcy also founded and advises the Volunteer Income Tax Assistance (VITA) program. The law school student body has selected him Professor of the Year ten times. Professor Searcy earned his B.S.M.E. degree from General Motors Institute, his J.D. degree from Indiana University and LL.M. degree in taxation from New York University.

CHRISTOPHER SOVE is the principal attorney at Sove Law, LLC. Mr. Sove's practice focuses on issues facing business owners, investors and executives. Estate planning, tax representation, entity formation, and succession planning are common themes in his practice, but he has assisted his clients in a wide variety of matters. Mr. Sove leverages his strong analytical and numerical aptitudes and extensive knowledge of current tax law to develop effective tax and legal management strategies for his clients. He is a teacher and accomplished author in his field with over 50 publications to his credit. Mr. Sove earned his J.D. degree and an L.L.M. degree in taxation, both from the Thomas Jefferson School of Law. He has served both as an adjunct professor of taxation at the Thomas Jefferson School of Law's International Tax & Financial Services Graduate Program and as the program's publication director.

JULIA E. TARVIN is a partner in the private client practice group of Taft Stettinius & Hollister LLP. She focuses her practice on estate planning and probate and trust administration, advising clients on lifetime gifts and transfers at death and resulting tax issues. Prior to attending law school, Ms. Tarvin worked with adults with chronic mental illness in Hamilton County, Ohio, and continues to help meet the needs of those with special needs through estate planning for families with children with disabilities. Ms. Tarvin is currently vice president of the Cincinnati Estate Planning Council and a former chair of the Estate Planning and Probate Committee of the Cincinnati Bar Association. She is also a member of the Real Property, Probate and Trust Section of The Florida Bar. In addition, Ms. Tarvin is on the board of Pro Seniors and a member of their Client Services Committee, a member of Taft’s Professional Women's Resource Group (PWRG), Leadership Northern Kentucky class of 2018, and was named a 2012 Rising Star by the YWCA of Greater Cincinnati. She is also honored in Best Lawyers in America for trusts and estates. Ms. Tarvin received her undergraduate degree from Northern Kentucky University, graduating magna cum laude, and her law degree from Salmon P. Chase College of Law at Northern Kentucky University, graduating summa cum laude and Order of the Curia. While in law school, she served as executive editor of the Northern Kentucky Law Review. Ms. Tarvin is admitted to practice in Florida, Kentucky and Ohio. She is also certified by the Ohio State Bar Association Specialty Board as a specialist in estate planning, trust and probate law.

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

KY CLE: 12.00 Includes - Ethics: 1.00
This activity has been approved by the Kentucky Bar Association Continuing Legal Education Commission for a maximum of 12.0 credits, of which 1.0 hour relates to ethical considerations.


OH CLE: 12.00 Includes - Ethics: 1.00
This course has been approved by the Ohio Supreme Court Commission on Continuing Legal Education for 12.0 CLE credit hours, including 1.0 hour of attorney professional conduct instruction.


Financial Planners

N CF: 14.00
This program has been accepted by the Certified Financial Planner Board of Standards Inc. and qualifies for 14.0 hours of CE credit for CFP® Certificants. The Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) and CFP® (with flame design) in the US, which it awards to individuals who successfully complete initial and ongoing certification requirements.

Upon completion of this course, attendee will be able to: 1. Identify top 3 reasons clients seek estate planning. 2. Recall at least 3 ways to fund long-term care. 3. Distinguish between a will and a living trust. 4. Explain when to use a special needs trust. 5. Recall at least 3 methods of non-probate transfers to beneficiaries. 6. Analyze how transfers during life affect tax. 7. List all the key steps of probate process. 8. List at least 2 post-mortem tax planning techniques. 9. Recall how notice to creditors is to be handled. 10. Distinguish between ethical and unethical practices. 11. Recall at least 3 key pieces of information that must be included in the final accounting.

International Association for Continuing Education Training

N IACET: 1.20
NBI, Inc. is accredited by the International Association for Continuing Education and Training (IACET) and is authorized to issue the IACET CEU. NBI, Inc. is authorized by IACET to offer 1.2 CEUs for this program. At the end of the program, participants must complete a self-assessment in order to receive credit. 100% attendance is required. (Provider #1004558)

Upon completion of this course, attendee will be able to: 1. Identify top 3 reasons clients seek estate planning. 2. Recall at least 3 ways to fund long-term care. 3. Distinguish between a will and a living trust. 4. Explain when to use a special needs trust. 5. Recall at least 3 methods of non-probate transfers to beneficiaries. 6. Analyze how transfers during life affect tax. 7. List all the key steps of probate process. 8. List at least 2 post-mortem tax planning techniques. 9. Recall how notice to creditors is to be handled. 10. Distinguish between ethical and unethical practices. 11. Recall at least 3 key pieces of information that must be included in the final accounting.

National Association of State Boards of Accountancy

N NAS: 14.00 Includes - Regulatory Ethics: 1.00, Specialized Knowledge: 5.00, Taxes: 8.00
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 14.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint and refund, please contact our offices at (800) 930-6182.

This is a basic to intermediate level program presented in a group live setting. Accountants should have a basic understanding of the process of estate planning and administration. Upon completion of this course, attendee will be able to: 1. Identify top 3 reasons clients seek estate planning. 2. Recall at least 3 ways to fund long-term care. 3. Distinguish between a will and a living trust. 4. Explain when to use a special needs trust. 5. Recall at least 3 methods of non-probate transfers to beneficiaries. 6. Analyze how transfers during life affect tax. 7. List all the key steps of probate process. 8. List at least 2 post-mortem tax planning techniques. 9. Recall how notice to creditors is to be handled. 10. Distinguish between ethical and unethical practices. 11. Explain how a trust is terminated. 12. Recall at least 3 key pieces of information that must be included in the final accounting. Field(s) of Study -- Taxes; Specialized Knowledge; Regulatory Ethics.

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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