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Trusts From A to Z

Audio CD + Course Book

Copyright Date:

June, 2018

Product ID#:

79048CDRA

Audio + Course Book

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From Event: Trusts From A to Z, held June 2018.

Program Description

Planning your clients' financial future and legacy is diverse and complex, with a unique tool for every unique client situation. In this fast-paced comprehensive legal instruction, our authors will guide you through the plethora of trust options and give you a straightforward, incisive analysis of when and how each is to be used for maximum effect. Get the best tools for your practice - order today!

Course Content

  1. What are Trusts? Main Trust Principles
  2. Simple Testamentary Trusts and Revocable Living Trusts
  3. Special Needs Trusts (SNTs)
  4. Grantor Trusts
  5. Marital Trusts in a Nutshell
  6. Tax Reduction With Trusts
  7. Charitable Trusts
  8. Other Trust Structures and Issues
  9. Legal Ethics

Continuing Education Credit

Continuing Legal Education

Credit Hrs State Credit Approval Expiration
CLE 6.50 CT * 06/04/2020
CLE 8.00 NY * 06/04/2020

* denotes specialty credits

Agenda / Content Covered

  1. What are Trusts? Main Trust Principles
    8:30 - 9:10, Written by Stephen B. Keogh. Presented by Stephen B. Keogh in North Haven and Andrew B. Seiken in Naugatuck.
    1. Trust Terms, Concepts and Definitions
    2. Key Parties in a Trust and Their Roles
    3. The Laws of Trust Creation and Administration (UTC, UPA, UPIA, etc.)
    4. Trust Revocability and its Implications
    5. Trust Funding Basics
    6. Creditor Rights in Regards to Trusts
    7. Does the Client Need a Trust?
  2. Simple Testamentary Trusts and Revocable Living Trusts
    9:10 - 9:50, Written and presented by Ann L. Fowler-Cruz in North Haven and Naugatuck.
    1. When are Testamentary Trusts Used?
    2. Living vs. Testamentary Trusts for Tax Purposes
    3. Trust Funding Mistakes and Consequences
    4. Top Trust Administration Issues
    5. Sample Trust Language
  3. Special Needs Trusts (SNTs)
    10:05 - 10:50, Written by Stephen B. Keogh. Presented by Stephen B. Keogh in North Haven and Ann L. Fowler-Cruz in Naugatuck.
    1. When are SNTs Used? (SNTs vs. ABLE Act Accounts)
    2. Types of SNTs
    3. Tax Consequences of SNTs
    4. Preserving Benefits Eligibility
    5. Trustee Powers and Duties (What Can the Distributions be Used for?)
    6. Sample Trust Language
  4. Grantor Trusts
    10:50 - 11:30, Written by Beth Ann Brunalli. Presented by Beth Ann Brunalli in North Haven and Luke T. Tashjian in Naugatuck.
    1. Types of Grantor Trusts and When They are Used
    2. Intentionally Defective Grantor Trusts
    3. Tax Planning, Requirements and Consequences
    4. Trustee Powers and Duties
    5. Grantor Trust Status and Reporting
    6. Exceptions to the Rules
    7. Sample Trust Language
  5. Marital Trusts in a Nutshell
    11:30 - 12:10, Written by Beth Ann Brunalli. Presented by Beth Ann Brunalli in North Haven and Luke T. Tashjian in Naugatuck.
    1. When are Marital Trusts Used?
    2. Old AB/Credit Shelter Trusts After ATRA
    3. Tax Planning, Requirements and Consequences
    4. Trustee Powers, Duties and Challenges
    5. Underfunded Trusts After First Death
    6. QDOTs for Noncitizen Spouses
    7. Exceptions to the Rules
    8. Handling Dysfunctional Client Families
    9. Sample Trust Language
  6. Tax Reduction With Trusts
    1:10 - 2:00, Written by Michael T. Clear. Presented by Michael T. Clear in North Haven and Sharon Holland Purtill in Naugatuck.
    1. Current State and Federal Tax Regime
    2. Taxation of Trusts: Transfer and Income
    3. Accounting vs. Taxable Income
    4. Tax Consequences of Distributions
    5. Tax Implications of a Trust Becoming Irrevocable
    6. Accumulation Distribution for Some Complex Trusts
    7. The 2% Floor on Miscellaneous Itemized Deductions
    8. Material Participation by Trusts - Recent IRS Changes
    9. Tax Consequences of Trusts in Estate Administration
  7. Charitable Trusts
    2:00 - 2:40, Written by Katherine A. McAllister. Presented by Katherine A. McAllister in North Haven and Sharon Holland Purtill in Naugatuck.
    1. When are Charitable Trusts Used?
    2. CRTs vs. CLTs
    3. Tax Planning, Requirements and Consequences
    4. Trustee Powers and Duties and Administration Issues
    5. Exceptions to the Rules
    6. Charitable Planning in Smaller Estates
    7. Sample Trust Language
  8. Other Trust Structures and Issues
    2:40 - 3:25, Written by Michael T. Clear. Presented by Michael T. Clear in North Haven and Richard H. Saxl in Naugatuck.
    1. Minors' Trusts
    2. IRA Trusts
    3. Pet Trusts
    4. Medicaid Trusts
    5. Asset Protection Trusts
    6. Irrevocable Life Insurance Trusts
    7. Incomplete Non-Grantor Trusts
    8. Gun Trusts
    9. Trust Decanting, Modification and Dissolution
    10. Smaller Estate Trusts
    11. Constructive Trusts
  9. Legal Ethics
    3:40 - 4:40, Written by Michael T. Clear. Presented by Michael T. Clear in North Haven and Richard H. Saxl in Naugatuck.
    1. Who is Your Client? The Most Important Question in Trusts Practice
    2. Top Legal Malpractice Risks
    3. Testator Capacity Issues
    4. Dealing With Trust Beneficiaries
    5. Protecting Confidentiality
    6. Preventing Fiduciary Misconduct

BETH ANN BRUNALLI is a partner in the New Canaan, Connecticut office of Davidson, Dawson & Clark LLP, a Manhattan-based law firm which focuses on individual client representation. A member of the Connecticut Bar, she concentrates her practice in the areas of estate planning, the administration of estates and trusts, fiduciary income tax planning, and tax planning. Ms. Brunalli is a member of the Executive Committee of the Connecticut Bar Association’s Estate and Probate Section. She earned her B.A. degree, magna cum laude, from the University of Notre Dame and her J.D. degree from the University of Connecticut School of Law, with a certificate in tax studies. (North Haven location)

MICHAEL T. CLEAR is a partner in the Private Client Services Department of the law firm of Wiggin and Dana LLP. Mr. Clear focuses his practice on estate planning, estate and trust administration, probate litigation and business succession planning. He received his B.A. degree from the University of Richmond, his M.Ed. degree from the University of Maryland, and his J.D. degree from the Quinnipiac University School of Law. He is the president of the Fairfield County Chapter of the Exit Planning Exchange (CT XPX), a co-chair of the Probate and Estates Section of the Fairfield County Bar Association, and a member of the Advisory Board for the Center for Family Business. (North Haven location)

ANN L. FOWLER-CRUZ is a principal in Cohen and Wolf, P.C.'s trusts and estates and elder law groups. Her elder law practice focuses on long-term care planning, asset preservation strategies, Medicaid applications, disability planning, utilizing conservatorships/guardianship, and special needs trusts. Ms. Fowler-Cruz's estate planning practice includes the creation of wills, trusts, and advance directives. She also handles probate administration. Ms. Fowler-Cruz has been a staunch advocate for the elderly and the disabled for more than 20 years. She has the distinction of being a certified elder law attorney (CELA) by the National Elder Law Foundation for more than 15 years and is accredited to practice before the Department of Veterans Affairs. Certified elder law attorney (CELA) is recognized by the American Bar Association, but not by the Rules Committee of the Connecticut Superior Court. Ms. Fowler-Cruz's extensive knowledge in the area of elder law enables her to assist the elderly and the disabled in realizing the very best quality of life. Prior to joining Cohen and Wolf, P.C., Ms. Fowler-Cruz was a founding partner of the Law Firm of Hersh & Fowler-Cruz, with offices in Connecticut and New York. She continues to be well versed in the laws of both states and has the ability to serve clients in both Connecticut and New York. Ms. Fowler-Cruz is admitted to practice in Connecticut, New York and the U.S. District Court for the Eastern District of New York. She is a member of the National Academy of Elder Law Attorneys, Inc. (NAELA), the Connecticut Bar Association sections on Elder Law and Probate & Trusts, the Fairfield County Bar Association, and the New York State Bar Association. Ms. Fowler-Cruz is an active speaker in the community. She is a frequent guest speaker before organizations, such as the Alzheimer’s Association, the Financial Planning Association of Connecticut, the Connecticut and New York State bar associations, as well as local organizations. Ms. Fowler-Cruz earned her J.D. degree from Quinnipiac College School of Law and her B.A. degree from Smith College. (North Haven and Naugatuck locations)

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. (North Haven location)

KATHERINE A. McALLISTER is an attorney in Cummings & Lockwood LLC's private clients group and is based in the Stamford office. She focuses her practice on estate planning and estate and trust administration. Prior to joining Cummings & Lockwood LLC, she served as a judicial clerk to the Honorable Peter T. Zarella of the Connecticut Supreme Court. Ms. McAllister earned her B.A. degree, cum laude, from Williams College and her J.D. degree, magna cum laude, from Boston College Law School. She is a member of the Connecticut Bar Association, Fairfield County Bar Association and the Connecticut Supreme Court Historical Society. (North Haven location)

SHARON HOLLAND PURTILL is of counsel with the law firm of McElroy, Deutsch, Mulvaney & Carpenter, LLP. Ms. Purtill is a member of the firm's private client services group and counsels individuals and families on all aspects of business and succession planning, limited liability companies, trusts, taxation, estate and trust administration, pre-nuptial agreements, conservatorships, estate planning, charitable giving, wealth preservation and asset protection planning. She received her B.A. degree from Bucknell University, her J.D. degree from the University of Connecticut, and her LL.M. degree in taxation from Boston University. Ms. Purtill is the chair of the Estates and Probate Section of the Hartford County Bar Association and a member of the Estate and Probate, Elder Law and Taxation sections of the Connecticut Bar Association. She is the former attorney-member of the Connecticut Council on Probate Judicial Conduct and the chairwoman of the Glastonbury Town Plan and Zoning Commission. (Naugatuck location)

RICHARD H. SAXL is a sole practitioner in Westport Connecticut, where his practice areas include estate planning and probate, estate tax, zoning and land use, probate and land use litigation and appeals. Mr. Saxl graduated with his B.A. degree from the University of Pennsylvania and earned his J.D. degree from Rutgers, The State University of New Jersey School of Law. He passed the Connecticut bar in 1976 and has been practicing in Westport ever since. Mr. Saxl has successfully argued cases in the Connecticut Probate and Superior courts, the Connecticut Appellate Court and the Connecticut Supreme Court. He taught probate administration at Fairfield University. Mr. Saxl has served as a lecturer for several estate planning and probate seminars. He has been designated as one of the Connecticut Super Lawyers on five occasions, most recently in 2017. (Naugatuck location)

ANDREW B. SEIKEN is an attorney with Cummings & Lockwood LLC in the firm’s private clients group and he is based in the Stamford, Connecticut office. Mr. Seiken focuses his practice on matters involving complex estate planning for high net worth individuals and families with respect to estate, gift and generation-skipping transfer tax and philanthropic planning. He also has experience in domestic and international trust and estate administration. Mr. Seiken graduated with his B.S. degree in finance from Lehigh University, he earned his J.D. degree from Rutgers University School of Law and his LL.M. degree from New York University School of Law. He is a member of the New York State Bar Association (Estate Planning Committee), the United Jewish Association Federation of New York (Trusts and Estates Group, Young Lawyers Division, and Westchester Business and Professional Division), and the Estate Planning Council of Westchester County. Mr. Seiken is admitted to practice law in Connecticut, Florida, New York and New Jersey. He was selected for Connecticut Super Lawyers as a Rising Star in estate and probate 2015-present. (Naugatuck location)

LUKE T. TASHJIAN is an attorney who practices corporate and business law; estate planning and administration; and tax law in the Greenwich, Connecticut office of Whitman Breed Abbott & Morgan LLC. His practice includes structuring tax efficient transactions; advising clients on the tax effects of proposed transactions; preparing estate planning and corporate documents; probating estates and preparing tax returns; representing businesses in mergers, acquisitions, and sales; forming for profit and not-for-profit entities; and representing parties in tax controversies and collection matters. Mr. Tashjian is a frequent author and speaker. He is admitted to practice in Massachusetts, Connecticut, the U.S. District Court for the District of Massachusetts, the U.S. Tax Court, the U.S. District Court for the District of Connecticut, and in New York. Mr. Tashjian graduated first in his class from the Boston University School of Law Graduate Tax Program with an LL.M. degree in taxation, after having earned his J.D. degree, with honors, from the University of Connecticut School of Law; and his B.A. degree, summa cum laude, from the University of Connecticut. (Naugatuck location)

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Accreditation Details:

Continuing Legal Education

CT CLE: 6.50 Credit Approval Exp
06/04/2020
Includes - Ethics: 1.00
Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. It is the opinion of NBI, Inc. that this activity qualifies for up to 6.5 self-study hours toward your annual CLE requirement in Connecticut, including 1.0 self-study hour(s) of ethics/professionalism.


NY CLE: 8.00 Credit Approval Exp
06/04/2020
Includes - Areas of Professional Practice: 7.00, Ethics: 1.00
This nontraditional format course has been approved in accordance with the requirements of the New York State Continuing Legal Education Board for up to 8.0 credit hours. 7.0 hours can be applied to the Areas of Professional Practice requirement and is approved for newly admitted and experienced attorneys. 1.0 hour can be applied toward the ethics and professionalism requirement and is approved for experienced attorneys.


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