You Are Here: Home » Seminars » Montana » Trusts - Made Simple

Audio CD + Course Book

Trusts - Made Simple

Audio CD + Course Book

Copyright Date:

March, 2018

Product ID#:

78267CDRA

Audio + Course Book

Credit Information

Continuing Legal Education

  • MT CLE - 6.00

Other

  • Montana CLE Credit for Paralegals - 6.00
  • NALA - 6.00
  • NFPA
From Event: Trusts - Made Simple, held March 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. Ethical Considerations

Continuing Education Credit

Continuing Legal Education – CLE: 6.00 MT - Credit Approval Expiration 03/27/2020 *

Montana CLE Credit for Paralegals – Montana CLE Credit for Paralegals: 6.00 MT - Credit Approval Expiration 03/27/2020 *

National Association of Legal Assistants, Inc. – NALA: 6.00 N - Credit Approval Expiration 03/27/2020 *

National Federation of Paralegal Associations, Inc. – NFPA


* denotes specialty credits

Agenda / Content Covered

  1. WHERE TO BEGIN? - AN OVERVIEW OF TRUSTS
    9:00 - 10:15, Richard M. Baskett
    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 - 11:45, Richard M. Baskett
    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
    12:45 - 2:00, Elizabeth A. Clark
    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
    2:15 - 3:30, Martha L. Goodloe
    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. ETHICAL CONSIDERATIONS
    3:30 - 4:30, Elizabeth A. Clark
    1. Who is Your Client?
    2. Confidentiality in Third Party Communications
    3. Assessing the Client's Capacity
    4. Avoiding Fraudulent Transfers

RICHARD M. BASKETT is the owner of Baskett Law Office in Missoula, Montana. He is an attorney and certified public accountant with more than 38 years of experience. Mr. Baskett maintains a private practice emphasizing estate planning, probate, business, tax, and real estate. He speaks regularly on tax and estate planning topics and is a frequent lecturer for National Business Institute. Mr. Baskett has also been an adjunct lecturer of partnership taxation at the University of Montana School of Law. He obtained his initial tax experience in the tax department of Price Waterhouse in New York City and Baltimore, Maryland. A former general counsel for Washington Corporations, Mr. Baskett worked for tax law firms in Baltimore and Washington, D.C., before returning to Missoula and his present practice. He is a fellow of the American College of Trust and Estate Counsel and is listed in Super Lawyers Mountain States edition as a top rated lawyer in estate planning and probate. Mr. Baskett earned his undergraduate degree from the University of Montana and his Juris Doctorate degree from the University of Montana School of Law.

ELIZABETH A. CLARK is a partner with Terrazas Clark Henkel, P.C., located in Missoula, Montana. Ms. Clark focuses her practice on employment law, family law, wills, trusts, probate, business planning, and real estate transactions. She graduated with her B.S. degree from Wilmington University in Wilmington, Delaware. Ms. Clark earned her J.D. degree from the University of Montana School of Law in Missoula, Montana and her LL.M. degree from the University of Washington School of Law in Seattle, Washington. She is a member of the Montana Trial Lawyers Association, the Western Montana Bar Association, the American Bar Association, and the Western Montana Estate Planning Counsel.

MARTHA L. GOODLOE is a sole practitioner in Missoula, Montana, who focuses her practice in estate planning and business law. She is licensed to practice law in Montana, Colorado, Illinois, and Missouri. In addition to various CLE’s, Ms. Goodloe attended the American Bar Association six day estate practice course at New York Law School in 2016 and the National Academy of Elder Law Attorneys four day elder law class in 2017. She earned her B.A. degree, with honors, from the University of Missouri, Columbia, Missouri and her J.D. degree from Washington & Lee University Law School in Lexington, Virginia.

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

MT CLE: 6.00 Credit Approval Exp
03/27/2020
Includes - Ethics: 1.00
This program may qualify for up to 6.0 hours of self-study CLE credit by the Montana Commission on Continuing Legal Education, including 1.0 hour of ethics. No more than 5.0 hours of self-study CLE credit may be earned during a reporting period.


Montana CLE Credit for Paralegals

MT MPA: 6.00 Credit Approval Exp
03/27/2020
Includes - Ethics: 1.00
This program may qualify for up to 6.0 hours of self-study CLE credit by the Montana Commission on Continuing Legal Education, including 1.0 hour of ethics. No more than 4.0 hours of self-study CLE credit may be earned during a reporting period.


National Association of Legal Assistants, Inc.

N LA: 6.00 Credit Approval Exp
03/27/2020
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 6.0 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
03/27/2019
NBI, Inc. is a NFPA approved CLE provider.


Additional Format Options

Questions


How To Order

Web: Order Now
Call: 800.930.6182
Fax: 715.835.1405
Mail: NBI
P.O. Box 3067
Eau Claire, WI 54702