Audio CD + Course Book

Estate Planning from A to Z

Audio CD + Course Book

Copyright Date:

May, 2018

Product ID#:

78875CDRA

Audio + Course Book

Credit Information

Continuing Legal Education

  • VA CLE - 12.00
From Event: Estate Planning from A to Z, held May 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. Revocable Living Trusts
  3. Trusts Used for Tax Reduction - Drafting Tips and Samples
  4. Grantor Trusts
  5. Who is the Fiduciary?
  6. Ethical Considerations

Continuing Education Credit

Continuing Legal Education – CLE: 12.00 VA - Credit Approval Expiration 10/31/2018 *


* denotes specialty credits

Agenda / Content Covered

DAY 1

  1. CLIENT SCREENING AND INTAKE
    9:00 - 10:15, Jill A. Snyder
    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
    10:30 - 11:30, Jill A. Snyder
    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
    11:30 - 12:15, Wm. Holland Wilmer II
    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, Elizabeth Forgotson Goldberg
    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
    2:15 - 3:15, Lee Carpenter
    1. Pre- and Post-Marital Agreements
    2. Planning for Children From Previous Marriage(s)
  6. BUSINESS SUCCESSION PLANNING
    3:30 - 4:30, Daryl J. Sidle
    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, David A. Lucas
    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. REVOCABLE LIVING TRUSTS
    10:15 - 11:15, Adam Zimmerman
    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
  3. TRUSTS USED FOR TAX REDUCTION - DRAFTING TIPS AND SAMPLES
    11:15 - 12:15, Thomas J. Renner
    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
  4. GRANTOR TRUSTS
    1:15 - 2:15, Daryl J. Sidle
    1. Intentionally Defective Grantor Trusts (IDGTs)
    2. Drafting Tips and Samples
    3. Taxation Considerations - When to File the Return?
    4. Administrative Power
  5. WHO IS THE FIDUCIARY?
    2:15 - 3:15, L. Guy Palmer
    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
  6. ETHICAL CONSIDERATIONS
    3:30 - 4:30, L. Guy Palmer
    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

LEE CARPENTER is an attorney with Semmes, Bowen & Semmes, where he focuses his legal practice on estate planning and administration, trusts, and general business and corporate law. Mr. Carpenter's estate planning work includes an emphasis on the unique needs of same-sex couples and other members of the LGBT community. Previously, he was a judicial intern to the Hon. Lynne A. Battaglia, at the Court of Appeals of Maryland. Mr. Carpenter is admitted to practice in Maryland. He is a member of the Maryland State Bar Association (Section of Estate and Trust Law), LGBT Bar Association of Maryland, Homeland Association (board member, Baltimore, Maryland), Baltimore Estate Planning Council, Baltimore Community Foundation’s Professional Advisors Recognition Society, and the Planned Giving Advisory Council of the Walters Art Museum. He teaches estates and trusts as an adjunct professor at the University of Maryland Carey School of Law. Mr. Carpenter earned his B.A. degree, cum laude, from the University of Maryland and his J.D. degree from the University of Maryland School of Law.

ELIZABETH FORGOTSON GOLDBERG is a sole practitioner at the Law Offices of Elizabeth Forgotson Goldberg located in Bethesda, Maryland, where she practices in the areas of wills, trusts, estates, special needs trusts, elder law, probate, estate administration, family law, homeowners association law and estate planning for the elderly. Ms. Forgotson Goldberg is a NELF certified attorney. She earned her B.A. degree and M.A. degree from Duke University, and her J.D. degree from George Washington University Law School. Ms. Forgotson Goldberg is a member of the Montgomery County Bar Association, the District of Columbia Bar, the Maryland State Bar Association, the National Association of Elder Law Attorneys (NAELA) and the Women’s Bar Association of Maryland.

DAVID A. LUCAS is an attorney in the estates & trusts and business & tax practice groups of the law firm of Miller, Miller & Canby, Chartered located in Rockville. Mr. Lucas practices in the areas of estate planning, asset protection, and business planning. He is licensed to practice in Maryland and the District of Columbia and is a member of the Maryland State Bar Association, the District of Columbia Bar Association, and the Bar Association of Montgomery County, Maryland. He received his B.A. degree from The Catholic University of America in Washington, D.C., and earned his J.D. degree, cum laude, from The Catholic University of America’s Columbus School of Law. Mr. Lucas began his legal career by serving as a law clerk to The Honorable Dennis M. McHugh of the Montgomery County Circuit Court in Rockville, Maryland. Since 2006, Mr. Lucas has focused his practice on helping families preserve their financial wealth and legacies for future generations through the use of trusts, wills, powers of attorney, advance medical directives, living wills, and other estate planning strategies.

L. GUY PALMER is the managing partner of The Palmer Law Group LLC, where he focuses his practice on tax and estate planning. Mr. Palmer is a former revenue agent and instructor with the Internal Revenue Service. He is currently licensed to practice law in Illinois, Maryland, Michigan, and the District of Columbia. Mr. Palmer is a member of the American Bar Association, the State Bar of Michigan, and the District of Columbia Bar. He earned his B.A. degree from Trinity University and his J.D. degree from the University of Detroit.

THOMAS J. RENNER is a sole-practitioner in Nottingham, where his main areas of practice are probate, taxation, estate planning, and business law. Mr. Renner has spoken previously before professional and civic groups on probate and taxation, and other related topics. He is the coauthor of various publications by National Business Institute. Mr. Renner earned his B.S. and J.D. degrees from the University of Maryland. In 2014, he received the J. Ronald Shiff Memorial Pro Bono Award from the Section of Taxation of the Maryland State Bar Association for volunteer work to Maryland Volunteer Legal Services benefiting needy people. He is past chairman of the Review Board of the Attorney Grievance Commission and a past member of the Inquiry Committee of the Attorney Grievance Commission. Mr. Renner is also a member of the Baltimore County Bar Association, the American Bar Association, and the Maryland State Bar Association.

DARYL J. SIDLE is an attorney with the Baltimore law firm of Baxter Baker Sidle Conn & Jones, P.A., where he practices in the areas of tax, business and estate planning, mergers and acquisitions, and limited liability company law. He has written and co-written numerous articles on such topics as buy-sell agreements, taxation and limited liability company law, and is a co-writer and co-editor of the Maryland Limited Liability Company Forms and Practice Manual, Data Trace Legal Publishers, 1993. Mr. Sidle has served as an instructor at the Johns Hopkins University School of Continuing Studies since 1989, and he spoke for the Maryland Institute of Continuing Professional Education for Lawyers in 1992. He earned his B.A. degree, with honors, from Johns Hopkins University; his M.A. degree from Princeton University; and his J.D. degree, with honors, from the University of Maryland. Mr. Sidle is a member of the Bar Association of Baltimore City, the Maryland State Bar Association, Inc. (member, Special Joint Committee on Maryland Limited Liability Company Act; Tax Section; Section Council), and the American Bar Association (member, S Corporations Committee, Tax Section).

JILL A. SNYDER is a solo practitioner with the Law Office of Jill A. Snyder, LLC. Ms. Snyder practices in the areas of trust and estate planning, probate, and small business advisory services. She is a member of the Baltimore Estate Planning Council, the Estates and Trusts and Elder Law sections of the Maryland State Bar Association, the Estates and Trusts Committee of the Baltimore County Bar Association, and the Estate and Gift Tax Study Group. Ms. Snyder is the Baltimore County coordinator for the Maryland State Bar Association’s Law Day and volunteers for the Baltimore County Bar Association’s 60+ program and the Maryland Volunteer Lawyers Service. She is a board member of the Associated Jewish Charities and serves on the Planned Giving Advisory Council for the Kennedy Krieger Institute. Ms. Snyder has lectured on estate planning, probate, special needs trusts, and trust administration to diverse audiences; appeared on television and radio; and been published in print and on-line media sources. She earned her B.A. degree from Duke University and her J.D. degree from the Georgetown University Law Center.

WM. HOLLAND WILMER II is of counsel to Butler, Melfa & Taylor and Francomano & Francomano PA. He practices in the areas of trusts and estates, corporate, and taxation law. Mr. Wilmer has spoken for various professional groups on his areas of practice. He earned his B.A. degree from Yale University and his LL.B. degree from Harvard University. Mr. Wilmer is a member of the Baltimore Estate Planning Council, the Bar Association of Baltimore County and the Maryland State Bar Association (member; Estate and Trust Law, Elder Law and Tax Law sections).

ADAM ZIMMERMAN is an attorney with the law firm of Thomas, Ronald, Cooper & Krumpe, P.A., in Towson, Maryland. Mr. Zimmerman represents individuals and families in developing their estate plans of varying levels of complexity, supporting personal representatives in navigating the probate process, administering trusts, petitioning for guardianship, assisting with entity formation and business transactions. He has a background in commercial real estate and commercial real estate finance. Mr. Zimmerman is a member of the Maryland State Bar Association. He earned his B.A. degree from the University of Wisconsin-Madison and his J.D. degree from the University of Baltimore School of 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

VA CLE: 12.00 Credit Approval Exp
10/31/2018
Includes - Ethics: 1.00
This course has been approved by the Virginia Mandatory Continuing Legal Education Board for 12.0 hours of pre-recorded credit, which includes 1.0 hour of ethics. Attorneys may earn a maximum of 8.0 credit hours annually using pre-recorded programs.


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