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Audio CD + Course Book

Trusts - Made Simple

Audio CD + Course Book

Copyright Date:

January, 2018

Product ID#:

78153CDRA

Audio + Course Book

Credit Information

Continuing Legal Education

  • CA CLE - 6.75

Other

  • NALA - 6.50
  • NFPA
From Event: Trusts - Made Simple, held January 2018.

Program Description

When assessing complex information, it often helps to break items into basic building blocks. The same approach can be successful when dealing with asset protection. Be prepared for specific challenges associated with various types of trusts by understanding their unique characteristics. Gain the information you need with this comprehensive overview of the wide variety of trusts available. Order today!

Course Content

  1. Where to Begin? - An Overview of Trusts
  2. Revocable Living Trusts
  3. Trusts Used for Tax Reduction
  4. Grantor Trusts
  5. Estate Planning for the Disabled
  6. Ethical Considerations

Continuing Education Credit

Continuing Legal Education – CLE: 6.75 CA - Credit Approval Expiration 01/29/2020 *

National Association of Legal Assistants, Inc. – NALA: 6.50 N - Credit Approval Expiration 01/29/2020 *

National Federation of Paralegal Associations, Inc. – NFPA


* denotes specialty credits

Agenda / Content Covered

  1. WHERE TO BEGIN? - AN OVERVIEW OF TRUSTS
    8:30 - 10:15, William Finestone
    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. Revocable vs. Irrevocable
    5. Determining Your Client's Planning Needs
    6. Reasons for Drafting a Trust
    7. Deciding Which Type of Trust to Use
  2. REVOCABLE LIVING TRUSTS
    10:30 - 12:00, William Finestone
    1. Traditional Estate Planning vs. Revocable Trust Planning
    2. Credit Shelter Trusts
    3. Marital Deduction Trusts
    4. Qualified Terminable Interest Trusts (QTIPs)
    5. Funding the Trust
    6. Drafting Tips and Samples
    7. Common Mistakes to Avoid
    8. Tax Consequences
  3. TRUSTS USED FOR TAX REDUCTION
    1:00 - 2:00, William Finestone
    1. Charitable Remainder Trusts
    2. Qualified Domestic Trusts
    3. Qualified Personal Residence Trusts (QPRTs)
    4. Defective Trusts
    5. Education Trusts for Children and Grandchildren
    6. Generation Skipping Trusts
    7. Funding the Trust
  4. GRANTOR TRUSTS
    2:00 - 2:45, William Finestone
    1. What Grantor Trusts are Used for
    2. Types of Grantor Trusts
    3. Provisions Triggering Grantor Trust Status
    4. Funding the Grantor Trust - Who Is the Grantor?
    5. Drafting Tips and Samples
    6. Taxation Considerations - When to File the Return?
    7. Administrative Power
  5. ESTATE PLANNING FOR THE DISABLED
    3:00 - 3:40, Christopher P. Young
    1. The Types of Special Needs Trusts and Their Specific Purposes
    2. Who Can Be the Beneficiary
    3. Drafting Tips and Samples
  6. ETHICAL CONSIDERATIONS
    3:40 - 4:40, Christopher P. Young
    1. Who is Your Client?
    2. Confidentiality in Third Party Communications
    3. Assessing The Client's Capacity
    4. Avoiding Fraudulent Transfers

WILLIAM FINESTONE is a partner with Blank Rome LLP, in Los Angeles. Mr. Finestone concentrates his practice in the area of trusts and estates, with particular emphasis on estate and tax planning and estate and trust administration. He has more than 40 years of experience in the preparation of wills, revocable and irrevocable private trusts, charitable trusts, durable powers of attorney for financial and healthcare matters, and business succession planning. He advises his clients on estate and trust administration matters involving probate and non-probate procedures as well as the resolution of disputes involving wills and trusts. Mr. Finestone is a State Bar of California certified specialist in estate planning, trust and probate law, and a Los Angeles Superior Court alternative dispute resolution neutral. He is a fellow of the American College of Trust and Estate Counsel (ACTEC), a member of its Charitable Tax Planning and Exempt Organizations Committee, and a director of the ACTEC Foundation. Mr. Finestone earned his B.S., M.B.A., and J.D. degrees from the University of California, Los Angeles. He is a member of the American College of Trust and Estate Counsel, California State Bar, Los Angeles County Bar, and Oregon State Bar Associations.

CHRISTOPHER P. YOUNG is certified as a specialist in estate planning, trust and probate law by the State Bar of California Board of Legal Specialization. He is an attorney with The Alvarez Firm, with offices in Calabasas and Camarillo. Licensed in both California and Oregon, Mr. Young focuses his practice on estate planning, elder law, probate, trust administration, and related litigation. His expertise includes special needs trust planning and administration for those with a disabled beneficiary; conservatorships (and robust powers of attorney that can help avoid the need for conservatorship); Medi-Cal and Veterans Pension planning to address the high costs of long-term care; and other legal tools vital to ensuring that individuals and families are protected during a period of medical crisis or incapacity. A frequent speaker on estate and elder law matters, Mr. Young is accredited as an attorney by the U.S. Department of Veterans Affairs. He earned his undergraduate degree from Christendom College in Front Royal, Virginia, and his J.D. from Ave Maria School of Law in Ann Arbor, Michigan.​

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

CA CLE: 6.75 Credit Approval Exp
01/29/2020
Includes - Ethics: 1.00
This activity has been approved for Minimum Continuing Legal Education credit by the State Bar of California and may qualify for up to 6.75 hours of self-study credit, of which 1.0 hour will apply to legal ethics self-study credit. NBI, Inc. certifies this activity conforms to the standards for approved education activities prescribed by the rules and regulations of the State Bar of California governing minimum continuing legal education. NBI, Inc. is a State Bar of California approved MCLE provider - #53.


National Association of Legal Assistants, Inc.

N LA: 6.50 Credit Approval Exp
01/29/2020
Includes - Ethics: 1.00
This seminar meets the requirements of the Certifying Board for Legal Assistants of the National Association of Legal Assistants, Inc., for 6.5 hours, including 1.0 ethics, of continuing legal assistant education self-study credit required to maintain the CLA (Certified Legal Assistant) credential.


National Federation of Paralegal Associations, Inc.

N PAR: Credit Approval Exp
01/29/2019
NBI, Inc. is a NFPA approved CLE provider.


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