Audio CD + Course Book

Estate Planning and Administration: The Complete Guide

Audio CD + Course Book

Copyright Date:

June, 2018

Product ID#:

79046CDRA

Audio + Course Book

Credit Information

Continuing Legal Education

  • CA CLE - 12.00
From Event: Estate Planning and Administration: The Complete Guide, held June 2018.

Program Description

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 - order today!

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. Trust Administration and Termination Basics
  6. Closing the Estate

Continuing Education Credit

Continuing Legal Education – CLE: 12.00 CA - Credit Approval Expiration 06/13/2020 *


* 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, Cheryl L. Carl
    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 - 11:15, Heather R. Chubb
    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
    11:15 - 12:15, Anastasia B. Salmon
    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
    1:15 - 2:15, Amy Ochi
  5. Transfers During Life and Inter-Vivos Trusts
    2:30 - 3:30, Heather Johnston
    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, Douglas C. Spletter

DAY 2: PROBATE AND ESTATE ADMINISTRATION

  1. Probate Process Overview
    9:00 - 10:00, Justin M. Gilbert
    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
    10:15 - 11:15, Darin H. Donovan
  3. Marshalling Assets and Dealing with Creditors
    11:15 - 12:15, Darin H. Donovan
    1. Dealing with Creditors: Notices, Apportionment
    2. Solving Liquidity Problems
    3. Claiming Portability Election
  4. Legal Ethics in Estate Practice
    1:15 - 2:15, Anastasia B. Salmon
    1. Who is Your Client?
    2. Testamentary Capacity
    3. Protecting Confidentiality
    4. Attorney Fees
  5. Trust Administration and Termination Basics
    2:30 - 3:30, Pamela A. Jones
  6. Closing the Estate
    3:30 - 4:30, Justin M. Gilbert
    1. Final Accounting
    2. Final Tax Returns
    3. Final Beneficiary Distributions

CHERYL L. CARL, Esq., is a sole practitioner in Lincoln, California. Her practice is focused on estate planning, wills, trusts, probate, conservatorships, guardianships, personal injury, and civil litigation. Ms. Carl has previously served two terms on the Board of Directors of Legal Services of Northern California; and is a member of the Placer County Bar Association and the State Bar of California. She is a volunteer attorney with Legal Services of Northern California, where she advises senior citizens at the legal clinic. Ms. Carl earned her B.A. degree from California State University and her J.D. degree from Lincoln Law School in Sacramento.

HEATHER R. CHUBB is a life transitions lawyer with The Chubb Law Firm, based in the Sacramento area. Ms. Chubb focuses her practice on estate planning, probate, trusts, wills, estate administration and elder law; including Medi-Cal and VA benefit planning. She has presented to attorneys and is a frequent speaker to life insurance agents, financial planners, CPAs and the public on a variety of estate planning, elder law and trusts issues. Ms. Chubb is a member of the State Bar of California (Trusts and Estates Section); the National Academy of Elder Law Attorneys (NAELA); Elder Care Matters; ElderCounsel and WealthCounsel, LLC. She earned her B.S. degree from the University of Maine at Orono and J.D. degree from the University of the Pacific, McGeorge School of Law.

DARIN H. DONOVAN is a shareholder in Hopkins & Carley’s family wealth and tax planning group, resident in the firm’s Palo Alto office. His practice includes estate and trust planning, charitable planning, estate and trust administration, and related litigation. Mr. Donovan also practices in the area of nonprofit entity formation and counseling. He is an adjunct professor at Santa Clara University, where he teaches federal estate and gift tax, and estate planning. Mr. Donovan has previously taught at San Jose State University Graduate School of Business and has made numerous presentations regarding various estate planning and wealth management issues to private groups and professional organizations. He is a member of the Silicon Valley Bar Association and the Palo Alto Area Bar Association. Mr. Donovan earned his A.B. degree from the University of California at Berkeley and his J.D. degree from Boalt Hall School of Law, University of California at Berkeley.

JUSTIN M. GILBERT has successfully represented hundreds of clients in all matters relating to living trusts, estate planning, probate, business formation and planning, and real estate and elder law. Mr. Gilbert is a member of the Sacramento County Bar Association, the State Bar of California, the California Association for Nursing Home Reform, and a member of WealthCounsel, LLC, a cooperative alliance of nationally recognized estate-planning attorneys dedicated to bringing their clients the finest estate planning advice and documentation possible. He received his B.S. degree from George Mason University and his J.D. degree from Santa Clara University School of law.

HEATHER JOHNSTON founded Sapphire Law Group, where she represents clients in connection with the distribution of complex trust assets, resolution of disputes over trust assets and title issues created the improper administration of trust property. Ms. Johnston has represented lenders, regional developers, investors, business owners and families. She received her B.S. degree from the University of California and her J.D. degree, with distinction, from the University of the Pacific, McGeorge School of Law.

PAMELA A. JONES and Cornerstone Estate Law Corporation has been providing quality estate planning since 2013. Ms. Jones practices in the areas of estate planning, probate, conservatorships and guardianships. She is a member of the State Bar of California, the Sacramento County Bar Association-probate & estate planning, the Sacramento Attorneys for the Equality of Gays & Lesbians, and the Sacramento Estate Planning Council. Ms. Jones received her B.A. degree from the California State University in Chico, her M.B.A. degree from the California State University in Sacramento, and her J.D. degree from McGeorge School of Law, University of the Pacific in Sacramento.

AMY OCHI is the owner of Ochi Law P.C., where her practice area includes trust and estate documents to avoid probate, planning for incapacity and long term care, including Medi-Cal and Veteran's benefits, trust administration and probate. Ms. Ochi a member of the State Bar of California (Trusts and Estates Section), the State Bar of Arizona, and South Placer Estate Planning Council (board member). She applies her mediation background to help clients avoid litigation. Ms. Ochi earned her B.A. degree from Macalester College and J.D. degree from Wake Forest University School of Law. Ochi Law P.C., is a member of WealthCounsel, LLC, a cooperative alliance of nationally recognized estate planning professionals dedicated to bringing clients the finest estate planning services possible.

ANASTASIA B. SALMON is an attorney at Hackard Law, PLC, where she brings significant family law experience from her work with the Sacramento County One Day Divorce Clinic. Ms. Salmon also has experience handling administrative, estate planning, employment, and general civil matters. She is committed to using her legal prowess to give back to the Sacramento community, which she has embraced as a second home, through working with local community organizations and Phi Alpha Delta Law Fraternity. Ms. Salmon received her B.A. degree, cum laude, from the University of Nevada, Reno; followed by earning her J.D. degree from McGeorge School of Law, University of the Pacific, Sacramento, California.

DOUGLAS C. SPLETTER joined Reynolds Law, LLP after several years of conducting his own private practice in Oregon and California. He especially valued the direct personal contact and diversity of subjects he faced in his own practice. Mr. Spletter practices in the areas of business law, estate planning, tax planning, probate and trust administration. He is a certified specialist in estate planning, trust & probate law and is a member of the State Bar of California. Mr. Spletter received his B.A. degree from Arizona State University, his LL.M. degree from the University of Washington School of Law, and his J.D. degree from Whittier Law School Whittier College.

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Accreditation Details:

Continuing Legal Education

CA CLE: 12.00 Credit Approval Exp
06/13/2020
Includes - Ethics: 1.00
This activity has been approved for Minimum Continuing Legal Education credit by the State Bar of California and may qualify for up to 12.0 hours of self-study credit, of which 1.0 hour will apply to legal ethics self-study credit. NBI, Inc. certifies this activity conforms to the standards for approved education activities prescribed by the rules and regulations of the State Bar of California governing minimum continuing legal education. NBI, Inc. is a State Bar of California approved MCLE provider - #53.


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