Effective use of the right type of trust can save on taxes, clarify intent, organize transfer of assets, and simplify estate administration. Picking the wrong one or drafting it incorrectly just creates more work and confusion. This foundational guide to trusts offers essential knowledge you'll need to make the right decisions and draft better trusts. Register today!
Explore the best uses of special purpose irrevocable trusts.
Compare wills, revocable trusts, and irrevocable trusts.
Learn the essential trust tax planning and reporting approaches.
Keep your daily practices beyond reproach with a tailored legal ethics guide.
Understand what happens (and what should be done) when the trust becomes irrevocable.
Revocable vs. Irrevocable: Pros and Cons and Common Uses
Approved by the Kansas Continuing Legal Education Board for 7.0 hours of prerecorded format continuing legal education credit, which includes 1.0 hour of ethics and professionalism credit. No more than 6.0 hours of prerecorded format CLE may be earned in one compliance period.
John R Bedosky is of counsel to Hinman, fHoward & Kattell, LLP, active in its estate planning practice group, and is a senior consultant with The Lustig Group, LLC. He has extensive experience representing individual and business clients in a variety of estate planning matters, including business succession planning; family wealth accumulation, preservation and transfer planning; estate and trust administration; fiduciary litigation; and related taxation matters. Mr. Bedosky has been an adjunct professor of law at the University of Minnesota Law School, the University of St. Thomas, and William Mitchell College of Law; an adjunct business taxation professor at the University of Minnesota’s Carlson School of Management; and a visiting professor of law at William Mitchell College of Law. He earned his B.S. degree, magna cum laude, from Villanova University, and his J.D. degree, magna cum laude, Syracuse Law Review, from Syracuse University College of Law. Mr. Bedosky earned his L.L.M. (estate planning) from the University of Miami School of Law.
Leslie E Levin is special counsel to the firm Cuddy & Feder LLP, in White Plains, New York, where she practices in estate planning, probate, estate and trust administration, gift and generation-skipping tax transfer planning, asset protection, IRA distribution planning, not-for-profit organizations, charitable planning, special needs and disability planning, Medicaid planning, and elder law. Ms. Levin earned her B.A. degree, summa cum laude, high honors, from Brandeis University, and her J.D. degree from the University of Pennsylvania Law School. She is admitted to practice in both New York and Connecticut.
Debra L Scott is the sole practitioner with The Scott Practice, LLC, where she represents clients concerning estates and trusts matters and fiduciary disputes. With more than 19 years of experience handling fiduciary matters, Ms. Scott introduced a new nonprofit consulting division to the law firm called SP Consulting. She has a law, public health and accounting background. Ms. Scott earned her bachelor's degree from the University of California, Riverside, her J.D. degree from Syracuse University College of Law, and her master's degree from Emory University.
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