Trusts are the essential building block of every estate plan. Do you know exactly when and how they're used for the best effect? This legal guide will walk you through the comparative analysis of revocable and irrevocable trusts from creation through administration, tax consequences, and main uses. Build your trusts knowledge - register today!
Explore the best uses for specific irrevocable trusts.
Compare revocable living trusts and wills.
Clarify key tax reporting differences between revocable and irrevocable trusts.
Examine events that trigger conversion from revocable to irrevocable.
Get a glimpse of specialized uses of irrevocable trusts, including Medicaid and life insurance planning.
Trust Law: Key Terms and Concepts
Revocable Trusts: Types of Trusts and Their Uses
Irrevocable Trusts: Top Structures and Their Uses
Tax Consequences, Treatment and Reporting: Revocable vs. Irrevocable
Trust Administration Differences
Mistakes When a Revocable Trust Becomes Irrevocable
This program may qualify for up to 7.20 hours of self-study credit, which includes 1.20 hour of self-study ethics credit, under the West Virginia Rules for Mandatory Continuing Legal Education. No more than 12.0 hours of self-study CLE credit may be earned during a reporting period.
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) degree 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.
TRAVIS R. WEAVER is a partner with the Weaver Firm, where he offers you and your family deep legal knowledge and strong personal commitment to helping you obtain nursing home benefits, protect assets through a will, claim ownership of inherited property or cash, and negotiate business transactions. Mr. Weaver is a member of the National Academy of Elder Law, the State Bar of Texas, the Tarrant County Bar Association, the Tarrant County Probate Bar Association, the Denton County Bar Association, and the Wise County Bar Association. He received his B.A degree from Texas A&M University, his M.B.A. degree from Texas Tech University, and his J.D degree from Texas Tech University School of Law.
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