Audio CD + Course Book

Frequently Used Trusts for Estate and Financial Planning

Audio CD + Course Book

Copyright Date:

February, 2018

Product ID#:

78220CDRA

Audio + Course Book

Credit Information

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From Event: Frequently Used Trusts for Estate and Financial Planning, held February 2018.

Program Description

Understand the underlying structures and functions of the key estate planning tools used to protect and transfer clients' assets. Whether you're a beginner or are in need of a refresher, this essential guide will leave you with useful and practical tips from the pros. Order today!

Course Content

  1. Trusts Overview: Main Rules, Terms, Parties, Goals Identified
  2. Testamentary Trusts: What They are and How They Work
  3. Revocable Trusts: A Versatile Tool for Every Occasion
  4. Irrevocable Trusts: Tax Savings and Asset Protection
  5. Special Needs Trusts: Funding Long-Term Care
  6. Ethics and Trusts

Continuing Education Credit

Continuing Legal Education

Credit Hrs State Credit Approval Expiration
CLE 6.50 IL * 02/19/2020
CLE 6.00 MO 02/20/2020

* denotes specialty credits

Agenda / Content Covered

  1. Trusts Overview: Main Rules, Terms, Parties, Goals Identified
    8:30 - 9:45, Mary Lou Martin
    1. Key Terms and Concepts
    2. Laws Governing Trusts Practice
    3. Beneficiaries: Intermediary and Remaindermen
    4. Grantors' Powers
    5. The Role of the Trustee(s)
    6. Determining Your Client's Planning Needs
    7. Common Types of Trusts
  2. Testamentary Trusts: What They are and How They Work
    10:00 - 11:00, Courtney L. Fletcher
    1. When are They Used?
    2. How Distributions are Arranged
    3. The Burden on the Trustee(s)
    4. One Trust vs. Separate Trusts for Each Beneficiary
    5. Minors as Beneficiaries: Special Considerations
    6. Incentive Clauses: Pros and Cons
    7. Tax Considerations
    8. Sample Trust Review
  3. Revocable Trusts: A Versatile Tool for Every Occasion
    11:00 - 12:15, Jennifer K. Huckfeldt
    1. How Revocable Trusts Work
    2. Types of Revocable Trusts and Their Specific Uses
    3. Trust Funding and Pour-Over Wills
    4. Grantor Powers and Limitations
    5. Tax Consequences
    6. Special Clauses/Provisions Reviewed
  4. Irrevocable Trusts: Tax Savings and Asset Protection
    1:15 - 2:15, Jennifer K. Huckfeldt
    1. Types of Irrevocable Trusts and Their Functions
    2. The Role, Duties and Powers of Independent Fiduciary
    3. Administration Costs Considerations
    4. Asset Protection Features of Irrevocable Trusts
    5. Basic Tax Strategies Behind the Use of Irrevocable Trusts
    6. Common Pitfalls to Avoid
    7. Irrevocable Life Insurance Trusts (ILITs)
  5. Special Needs Trusts: Funding Long-Term Care
    2:30 - 3:40, Sativa Boatman-Sloan
    1. SNTs vs. ABLE Accounts
    2. First Party vs. Third Party
    3. Tax Consequences of SNTs
    4. Preserving Benefits Eligibility
    5. Allowable Expenses
  6. Ethics and Trusts
    3:40 - 4:40, Sativa Boatman-Sloan
    1. Conflicts of Interest
    2. Attorney Fees
    3. Multiple Representation
    4. Fiduciary Liability
    5. Testamentary Capacity
    6. Confidentiality

SATIVA BOATMAN-SLOAN is owner of the Law Office of Sativa Boatman-Sloan, LLC, and 417 Elder Law. Her practices focuses on estate planning and probate administration; as well as elder, real estate and business law. Ms. Boatman-Sloan is a member of the Greene County Estate Planning Council, National Academy of Elder Law Attorneys, the Junior League of Springfield, and Business Network International. She is a member of the Probate and Trust committees of The Missouri Bar and the Springfield Metropolitan Bar Association. Ms. Boatman-Sloan earned her B.A. degree, cum laude, from Truman State University and her J.D. degree from St. Louis University School of Law.

COURTNEY L. FLETCHER is an attorney in the estate planning practice group of Carnahan, Evans, Cantwell & Brown, P.C. She concentrates her practice in the areas of estate planning and administration, probate, trusts and elder law, including Medicaid planning and special needs trusts. Ms. Fletcher earned her undergraduate degree, with honors, from William Jewell College and her law degree from the University of Missouri at Kansas City, Missouri. She is a member of The Missouri Bar.

JENNIFER K. HUCKFELDT is a shareholder in the estate planning practice group of Carnahan, Evans, Cantwell & Brown, P.C. She concentrates her practice in the areas of estate planning and administration; and estate, gift and income taxation. Ms. Huckfeldt has significant experience in the post-death administration of trusts and estates, including the preparation of estate tax returns and fiduciary income tax returns. She is also knowledgeable in estate planning with retirement plans and IRAs. Ms. Huckfeldt was elected as a fellow of the American College of Trust and Estate Counsel in 2011, and is currently a member of the Springfield Metropolitan Bar Association, the Greene County Estate Planning Council, The Missouri Bar, and the American Bar Association. She received her undergraduate degree from William Jewell College and her law degree from the University of Missouri – Columbia. In 1992, Ms. Huckfeldt received her LL.M. degree in taxation from New York University School of Law.

MARY LOU MARTIN is a sole practitioner in Springfield where she practices in the areas of general civil law practice, emphasizing her practice in the areas of immigration law, family law, adoption, elder law, estate planning and estate administration, wills, trusts, and probate law, including guardianship/conservatorship estates. She earned her B.S. degree in education from Ferris State College, her M.S. degree in education from Pittsburgh State University, and her J.D. degree from the University of Missouri-Kansas City School of Law. Ms. Martin is certified in mediation and arbitration, having received training in Missouri and Washington, D. C., as well as through The Missouri Bar programs. Her expertise includes international family law matters, involving both federal and state court appearances. Ms. Martin is a member of the Springfield Metropolitan Bar Association. She has memberships in The Missouri Bar's Solo Small Firm Committee, Immigration Law Committee, and Probate Committee. She serves on The Missouri Bar's Legislative Committee and as an executive member of The Missouri Bar's Fee Dispute Resolution Committee. Ms. Martin served for two (2) years as chair of The Missouri Bar’s Solo/Small Firm Committee and served for many years as a council member of the Family Law Section.

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

IL CLE: 6.50 Credit Approval Exp
02/19/2020
Includes - Ethics: 1.00
This program has been approved by the Illinois MCLE Board for 6.5 hours of recorded technology CLE credit, which includes approval for 1.0 hour of legal ethics CLE credit by the Illinois Supreme Court Commission on Professionalism.


MO CLE: 6.00 Credit Approval Exp
02/20/2020
NBI, Inc. is an accredited sponsor with Missouri Minimum Continuing Legal Education. This program qualifies for up to 6.0 self-study CLE credit hours. No more than 6.0 hours of self-study CLE credit may be earned during a reporting period. Attorneys may not earn ethics credit with self-study.


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Mail: NBI
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