Step-by-Step Guide to Drafting Wills and Trusts
Monday, April 30, 2018
9:00 AM - 4:30 PM
Ramkota Hotel & Conference Center 800 South 3rd Street
800 South 3rd Street
Bismarck, ND 58504
$339 / Each Additional
Registration Includes Course Book
Continuing Legal Education
- ND CLE - 6.00
CPE for Accountants
- CPE for Accountants/NASBA - 7.00
- Financial Planners - 7.00
- IACET - 0.60
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:
- Trust Officers and Personal Representatives
- Estate and Financial Planners
- Accountants and CPAs
- Tax Professionals
- Key Elements of Effective Wills
- Trusts as Alternatives to Wills
- Basic Tax Concerns
- Documenting Long-Term Care, Incapacity and End-of-Life Decisions
- 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
- KEY ELEMENTS OF EFFECTIVE WILLS
9:00 - 10:00, Michael M. Ward
- Establishing Statutory Framework
- Types of Wills
- Verifying and Documenting the Testator's Competency
- Beneficiary Designations in Retirement Plans and Life Insurance
- Pension Distributions During and After Life
- Titling Assets
- Designating Fiduciaries
- Planning for Disabled Children
- Sample Will Verbiage
- Sample Forms
- Updating Will Documents
- TRUSTS AS ALTERNATIVES TO WILLS
10:00 - 10:45, Michael M. Ward
- When to Recommend a Trust Over a Will
- Types and Functions of Trusts
- Selecting Trustee(s)
- Choosing Trust Situs
- Trust Funding Basics
- Sample Forms
- BASIC TAX CONCERNS
11:00 - 12:00, Michael M. Ward
- DOCUMENTING LONG-TERM CARE, INCAPACITY AND END-OF-LIFE DECISIONS
1:00 - 2:15, Ashley L. Lies
- Basic Medicaid Planning
- Long-Term Care Options and Planning in a Nutshell
- Advance Medical Directives
- Powers of Attorney
- DNR Orders and Organ Donation Considerations
2:30 - 3:30, Ashley L. Lies
- Defining Who Your Client Is From the Start
- Handling Clients With Diminishing Mental Capacity
- Lawyers Acting as Fiduciaries
- Practicing Before the IRS
- Conflicts of Interest
- PLANNING FOR UNMARRIED AND REMARRIED COUPLES
3:30 - 4:30, Ashley L. Lies
- Pre- and Post-Marital Agreements
- Planning for Children From Previous Marriage(s)
- Estate Planning for Same Sex Couples
ASHLEY L. LIES is the principal attorney in the New Rockford law firm of Ashley Lies Law, PC. Since 2013, Ms. Lies has focused her practice almost exclusively in areas of real estate and estate planning/probate law. She also serves as the Wells County assistant state's attorney. Ms. Lies is a frequent speaker on real estate law, real estate title law, legal risks in farming and ranching, estate planning law and probate law. She is a member of the State Bar Association of North Dakota and the American Bar Association, and a member of both bars section of Real Property, Trust and Estate Law, Real Property Division. Ms. Lies serves as the secretary/treasurer of the Southeast Judicial District Bar Association. She earned her B.S. degree at Northern Arizona University and her J.D. degree with distinction, and a certificate in Indian law at the University of North Dakota School of Law
MICHAEL M. WARD is a member of the Minot law firm of Martin Law LLP, formerly Eaton and Ward Firm for which he was the principal trial attorney. Since 1966, Mr. Ward has practiced in the areas of estate planning, tax law, probate law and elder law. He served 12 years as an attorney in the Estate Tax Division of the Internal Revenue Service. Mr. Ward is a member of the State Bar Association of North Dakota and the section on taxation. He earned his B.A. degree at the University of North Dakota and his LLB degree at the University of North Dakota School of Law.
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:
Continuing Legal Education
International Association for Continuing Education Training
National Association of State Boards of Accountancy