Agenda / Content Covered

10:00 am to 5:00 pm - All times are shown in Eastern time

1. Trust Law: Key Terms and Concepts
   10:00 - 10:45, John R. Bedosky
   1. Main Terms Defined
   2. Major Laws Governing Creation and Administration of Trusts
   3. Who are the Main Parties? Their Duties and Responsibilities to a Trust
   4. Determining Your Client's Planning Needs
   5. Reasons for Drafting a Trust
2. Revocable Trusts: Types of Trusts and Their Uses
   10:45 - 11:30, Stephen B. Keogh
   1. Revocable Trusts vs. Wills
   2. Top Revocable Living Trust Structures
   3. Pour-Over Wills
3. Irrevocable Trusts: Top Structures and Their Uses
   11:45 - 12:30, Stephen B. Keogh
   1. Medicaid Income-Only Trusts
   2. Special Needs Trusts
   3. Irrevocable Life Insurance Trusts
   4. Other Irrevocable Trust Structures
4. Tax Consequences, Treatment and Reporting: Revocable vs. Irrevocable
   12:30 - 1:15, John R. Bedosky
5. Trust Administration Differences
   1:45 - 2:30, Sarah J. Barnes
   1. Grantor Power in Administration of Revocable Trusts
   2. Trustee Powers
   3. Interpretation of the Trust Instrument
   4. Management of Trust Assets
6. Mistakes When a Revocable Trust Becomes Irrevocable
   2:30 - 3:15, Sarah J. Barnes
   1. Common Triggers of Conversion from Revocable to Irrevocable
   2. Trust Language that Triggers Upon the Death of the Grantor
   3. Asset Protection Oversights When Planning for Conversion from Revocable to Irrevocable
   4. Unwise Choice of Recipient Trust Structure When the Original Trust Splits into Multiple Irrevocable Trusts
   5. Incorrect Interpretation of Trust Language
   6. Improper Execution of Trust
   7. Incompletely Funded Revocable Living Trusts
7. Modifying the Trust: Decanting How-to's
   3:30 - 4:00, John R. Bedosky
8. Legal Ethics in Trusts and Estates Practice
   4:00 - 5:00, Sarah J. Barnes
   1. Who is the Client?
   2. Guarding Confidentiality
   3. Attorney Fees and Client Trust Accounts
   4. Client Communications

Accreditation Details:

SARAH J. BARNES is an attorney and trust officer with the Bank of Sun Prairie in Sun Prairie, Wisconsin, where she handles all types of trust and estate administration matters. Ms. Barnes also deals with tax related matters. She previously was in private practice where she practiced in the areas of estate planning, probate, elder law, and frequently served as a court appointed guardian ad litem in guardianship matters. Ms. Barnes earned her B.A. degree from Edgewood College and her J.D. degree from Marquette University Law School. Her professional memberships includes the State Bar of Wisconsin, Dane and Sauk County bar associations, Legal Association of Women, and the Madison Estate Planning Council. Ms. Barnes is admitted to practice in Wisconsin.

JOHN R. BEDOSKY is of counsel to Hinman, Howard & 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.

STEPHEN B. KEOGH is a partner in the Norwalk law firm of Keogh, Burkhart & Vetter, practicing primarily in elder law and probate law. A magna cum laude graduate of Yale College, Mr. Keogh earned his J.D. degree from Columbia University. He is a member of the Fairfield County, Connecticut and American bar associations; and the National Academy of Elder Law Attorneys. Mr. Keogh is a member of the Board of Directors of the Connecticut Chapter of the National Academy of Elder Law Attorneys, a member of the Executive Committee of the Elder Law Section of the Connecticut Bar Association, and a past co-chair of the Elder Law Section of the Fairfield County Bar Association. He is also a member of the Community Bioethics Forum, which is sponsored by the Program for Biomedical Ethics at the Yale School of Medicine, and was the first recipient of the Glenn E. Knierim Pro Bono Award, given by the Connecticut Probate Assembly, in April 2012.