Live Seminar

Step-by-Step Guide to Drafting Wills and Trusts

Seminar

Date:

Wednesday, March 28, 2018

Time:

9:00 AM - 4:30 PM

Product ID#:

78250ER

Location:

Cobb Galleria Centre

2 Galleria Parkway Southeast

Atlanta, GA 30339

$359.00

$349 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • GA CLE - 6.00

CPE for Accountants

  • CPE for Accountants/NASBA - 7.00

Other

  • Financial Planners - 7.00
  • IACET - 0.60

Program Description

Draft Enforceable Estate Planning Documents With These Practical Techniques

Do you have all the information you need to draft customized testamentary documents for each of your clients? Don't spend years gathering precious bits of legal practice wisdom - our experienced attorney faculty are here to share their time-tested methods of identifying clients' needs and creating custom-tailored wills and trusts to fit each specific situation. This legal primer offers all the tools and sample forms to get you started. Get the fundamental skills you need to build your estate planning practice - register today!

  • Get practical will and trust drafting skills to speed up the process and give the testator's last wishes power.
  • Stave off conflicts of interest with a clear determination of who your client is from the start.
  • Learn how to deal with interested relatives who want to be present at all the planning meetings.
  • Explore the pros and cons of using a revocable living trust in the will's stead and find out when it's a better option.
  • Explore the functions and mechanics of major trust structures - and make certain you choose the right tool for each job.
  • Give each provision full power with precise word choices - get sample forms to speed up the process.
  • Make sure your remarried and unmarried clients know the default inheritance laws and help them make sure the right beneficiaries are assigned.
  • Anticipate key tax issues, including individual income tax planning and trust taxation.
  • Phrase the fiduciary and beneficiary designations to leave no room for interpretation.
  • Help your clients make the tough medical decisions regarding long-term care, end-of-life and organ donation.
  • Learn how to verify and document the testator's competency to close the door on any potential will contests.

Who Should Attend

This basic-to-intermediate level seminar offers foundational will and trust drafting skills that will benefit:

  • Attorneys
  • Paralegals
  • Trust Officers and Personal Representatives
  • Estate and Financial Planners
  • Accountants and CPAs
  • Tax Professionals

Course Content

  1. Key Elements of Effective Wills
  2. Trusts as Alternatives to Wills
  3. Basic Tax Concerns
  4. Documenting Long-Term Care, Incapacity and End-of-Life Decisions
  5. Ethics
  6. Planning for Unmarried and Remarried Couples

Continuing Education Credit

Continuing Legal Education – CLE: 6.00 *

Financial Planners – Financial Planners: 7.00

International Association for Continuing Education Training – IACET: 0.60

National Association of State Boards of Accountancy – CPE for Accountants/NASBA: 7.00 *


* denotes specialty credits

Agenda / Content Covered

  1. KEY ELEMENTS OF EFFECTIVE WILLS
    9:00 - 10:00, William D. Rhoads
    1. Establishing Statutory Framework
    2. Types of Wills
    3. Verifying and Documenting the Testator's Competency
    4. Beneficiary Designations in Retirement Plans and Life Insurance
    5. Pension Distributions During and After Life
    6. Titling Assets
    7. Designating Fiduciaries
    8. Planning for Disabled Children
    9. Sample Will Verbiage
    10. Sample Forms
    11. Updating Will Documents
  2. TRUSTS AS ALTERNATIVES TO WILLS
    10:15 - 11:15, Debra L. Scott
    1. When to Recommend a Trust Over a Will
    2. Types and Functions of Trusts
    3. Selecting Trustee(s)
    4. Choosing Trust Situs
    5. Trust Funding Basics
    6. Drafting Trust Amendments
  3. BASIC TAX CONCERNS
    11:15 - 12:15, Kort D. L. Peterson
    1. Get Updated on Changing Legislation and Case Law
    2. Federal Estate and Gift Tax Update
    3. Assess the Impact of the State Estate Tax
    4. Individual Income Taxes - Issues You Need to Look At
    5. Generation Skipping Transfer Tax - Recent Changes
    6. Trust Taxation Basics
    7. Disclaimer Trusts
    8. Crummey Powers and the IRS
    9. Frequently Asked Questions About Fiduciary Taxes
    10. Tips for Calculating Tax Deductions
    11. Why a Comparison to Neighboring States' Taxes is Important
  4. DOCUMENTING LONG-TERM CARE, INCAPACITY AND END-OF-LIFE DECISIONS
    1:15 - 2:15, Wallace R. Nichols
    1. Basic Medicaid Planning
    2. Long-Term Care Options and Planning in a Nutshell
    3. Advance Medical Directives
    4. Powers of Attorney
    5. DNR Orders and Organ Donation Considerations
  5. ETHICS
    2:30 - 3:30, Wallace R. Nichols
    1. Defining Who Your Client is from the Start
    2. Handling Clients with Diminishing Mental Capacity
    3. Lawyers Acting as Fiduciaries
    4. Practicing Before the IRS
    5. Conflicts of Interest
  6. PLANNING FOR UNMARRIED AND REMARRIED COUPLES
    3:30 - 4:30, William D. Rhoads
    1. Pre- and Post-Marital Agreements
    2. Planning for Children from Previous Marriage(s)
    3. Estate Planning for Same Sex Couples
WALLACE R. NICHOLS is an attorney, author and financial advisor in which his practice consists of estate planning, VA pension planning, and elder law. Since 2011, Mr. Nichols has put his M.B.A. experience and legal knowledge to work for clients providing financial advisory services. He is a member of the WealthCounsel®, ElderCounsel®, national organizations of estate planning attorneys, and is an accredited practitioner before the United States Department of Veterans Affairs, the National Association of Elder Law Attorneys and the American Association for Justice. Mr. Nichols earned his B.S. degree from Angelo State University and his J.D. degree from the University of New Mexico.

KORT D. L. PETERSON is an attorney at James Bates Brannan Groover LLP in Macon, Georgia. He focuses his practice on estate planning and tax law. Mr. Peterson assists clients with the design and implementation of sophisticated estate and business succession plans. He helps guide clients through the administration of complex trusts and estates. Mr. Peterson also advises businesses on a wide variety of tax issues, including the formation and operation of captive insurance companies. He represents clients before the IRS and prepares petitions for filing with the U.S. Tax Court. Mr. Peterson earned his B.S. degree, summa cum laude, from Kennesaw State University; his J.D. degree from Washington & Lee University School of Law; his LL.M. in taxation from Georgetown University Law School; and his certificate in estate planning (2008) from Georgetown University Law Center. He is a member of the Federalist Society and the Macon Bar Association.

WILLIAM D. RHOADS is an attorney with Smith, Gilliam, Williams & Miles, P.A., where his primary areas of practice include general estate planning, wills and trusts, business transactions, and providing tax advice for clients. In 2015, Georgia Trend magazine named Mr. Rhoads one of the State's Legal Elite in the areas of taxes and estates. He is admitted to practice in Georgia and all state and superior courts, Court of Appeals, and Supreme Court, as well as the U.S. District Court for the Northern District of Georgia. Mr. Rhoads is a member of the State Bar of Georgia and the Northeast Georgia Estate Planning Council. He earned his B.A. degree from Emory University, his M.P.A. degree from the University of Georgia School of Public and International Affairs, and his J.D. degree from the University of Georgia School of Law.

DEBRA L. SCOTT is a lawyer with The Scott Practice, LLC, where she represented clients concerning estates and trusts matters and fiduciary disputes. With more than 19 years of experience handling fiduciary matters, in 2014 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 law degree from Syracuse University College of Law, and her master's degree from Emory University.

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

GA CLE: 6.00 Includes - Ethics: 1.00
This program is approved for 6.0 hours of continuing legal education credit with the Georgia Commission on Continuing Lawyer Competency, which includes 1.0 hour of ethical considerations.


Financial Planners

N CF: 7.00
This program has been accepted by the Certified Financial Planner Board of Standards Inc. and qualifies for 7.0 hours of CE credit for CFP® Certificants. The Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) and CFP® (with flame design) in the US, which it awards to individuals who successfully complete initial and ongoing certification requirements.

Upon completion of this course, attendee will be able to: 1. Describe how to verify the testator's competency. 2. Explain when a trust is preferable to a simple will. 3. Anticipate key tax issues associated with estate planning. 4. Recall what must be done to help the client delegate medical treatment decision-making power. 5. Distinguish between ethical and unethical practices. 6. Analyze the effect of marital agreements on estate planning.

International Association for Continuing Education Training

N IACET: 0.60
NBI, Inc. is accredited by the International Association for Continuing Education and Training (IACET) and is authorized to issue the IACET CEU. NBI, Inc. is authorized by IACET to offer 0.6 CEUs for this program. At the end of the program, participants must complete a self-assessment in order to receive credit. 100% attendance is required. (Provider #1004558)

Upon completion of this course, attendee will be able to: 1. Describe how to verify the testator's competency. 2. Explain when a trust is preferable to a simple will. 3. Anticipate key tax issues associated with estate planning. 4. Recall what must be done to help the client delegate medical treatment decision-making power. 5. Distinguish between ethical and unethical practices. 6. Analyze the effect of marital agreements on estate planning.

National Association of State Boards of Accountancy

N NAS: 7.00 Includes - Behavioral Ethics: 1.00, Specialized Knowledge: 3.00, Taxes: 3.00
NBI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This program is designed to qualify for 7.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint and refund, please contact our offices at (800) 930-6182.


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Call: 800.930.6182
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Mail: NBI
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