Audio CD + Course Book

Trusts: The Ultimate Guide

Audio CD + Course Book

Copyright Date:

April, 2018

Product ID#:

80098CDRA

Audio + Course Book

Credit Information

Continuing education credit
is not available on this program.


  • For additional questions regarding
  • continuing education credits,
  • please contact us at 866-240-1890
  • or credit@nbi-sems.com
From Event: Trusts: The Ultimate Guide, held April 2018.

Program Description

This definitive guide to trusts will give you key knowledge of unique trust structures, sample provisions language, and reasoning for which planning tools better suit specific client situations. Understand the key structures and uses of today's top trusts and anticipate administration challenges and tax consequences. Order today!

Course Content

  1. Key Parties, Terms, Legal Concepts
  2. Revocable vs. Irrevocable and Revocable to Irrevocable
  3. Living vs. Testamentary Trusts
  4. Grantor Trusts
  5. IRA Trusts
  6. Medicaid-Planning Trusts
  7. Tax Deduction With Trusts

Continuing Education Credit

Continuing education credit is not available at this time.
For additional questions regarding continuing education credits please contact us at 866-240-1890 or credit@nbi-sems.com.

Agenda / Content Covered

  1. Key Parties, Terms, Legal Concepts
    9:00 - 9:45, Edwin N. McClure
    1. Key Laws of Trust Drafting and Administration
    2. Current State and Federal Tax Regime Update
    3. Grantors, Beneficiaries, Trustees and Other Trust Parties
    4. Does Your Client Need a Trust?
    5. Creditor Rights in Regards to Trusts
  2. Revocable vs. Irrevocable and Revocable to Irrevocable
    9:45 - 10:30, Edwin N. McClure
    1. Revocable vs. Irrevocable
    2. When Can a Trust Become Irrevocable and the Consequences it Carries
  3. Living vs. Testamentary Trusts
    10:45 - 11:30, Edwin N. McClure
    1. When are Testamentary Trusts Used?
    2. Living vs. Testamentary Trusts for Tax Purposes
    3. Unique Funding and Administration Issues
    4. Key Provisions Review
  4. Grantor Trusts
    11:30 - 12:15, Michael D. Collins
    1. Types of Grantor Trusts and Their Uses
    2. Securing Grantor Trust Status
    3. Grantor Trust Taxation
    4. Trustee Powers and Duties
    5. "Intentionally Defective" Language
    6. Sample Trust Provisions Review
  5. IRA Trusts
    1:15 - 2:15, Tyler Squires
    1. Inherited IRAs After Clark Decision
    2. IRA Trusts: Key Concepts and Design
    3. Conduit vs. Accumulation Trust
    4. Required Minimum Distributions Issues and Workarounds
    5. Sample Provisions
    6. Key Administration Challenges
  6. Medicaid-Planning Trusts
    2:30 - 3:30, Tyler Squires
    1. Medicaid Eligibility in a Nutshell
    2. Asset Transfer Tactics
    3. Income-Only Trusts in Medicaid Planning
    4. How Non-Medicaid Trusts Can Affect Benefits and Estate Recovery
  7. Tax Deduction With Trusts
    3:30 - 4:30, Scott M. Lar
    1. Taxation of Trusts
    2. Accounting vs. Taxable Income
    3. Tax Consequences of Distributions
    4. 3.8% NIIT Surtax
    5. Accumulation Distribution for Some Complex Trusts
    6. The 2% Floor on Miscellaneous Itemized Deductions
    7. Material Participation by Trusts - Recent IRS Changes
    8. Tax Consequences of Trusts in Estate Administration

MICHAEL D. COLLINS is a sole-practitioner in Fort Smith, Arkansas, where he practices in the areas of estate planning, tax law, and business law. He is a member of the state bar associations of Oklahoma and Arkansas, and is admitted to practice in Arkansas, Illinois, Missouri, and Oklahoma. Mr. Collins earned his B.S. degree from East Central University, his J.D. degree from the University of Oklahoma, and his LL.M. degree in taxation from Washington University in St. Louis.

SCOTT M. LAR is an attorney with Quattlebaum, Grooms & Tull PLLC, in Springdale. He maintains a transactional and taxation practice, which primarily focuses on mergers and acquisitions, taxation and tax planning, federal and state tax audits, tax litigation, corporate transactions, and estate planning, including probate and trust administration. Mr. Lar represents clients across the state of Arkansas in reorganizations, as well as equity and asset acquisitions; structuring like-kind exchanges; and federal income and transfer tax audits, as well as state income and sales and use tax audits. He has also represented clients before the Internal Revenue Service appeals division, as well as the United States Tax Court in a variety of tax disputes and litigation. Mr. Lar is experienced in federal gift, estate, and generation-skipping transfer tax planning and tailoring estate plans to meet the needs of his clients. His experience also includes the formation of business entities, as well as counseling those clients on general business and corporate taxation; private lender financing arrangements; and the use of employment agreements, non-competes and confidentiality agreements. He has a Master of Laws degree in taxation from the University of Florida. Prior to receiving his LL.M. degree, Mr. Lar earned his J.D. degree, with honors, and his B.S.B.A. degree in accounting from the University of Arkansas School of Law and Sam M. Walton College of Business, respectively. Mr. Lar is licensed to practice in Arkansas and the United States Tax Court.

EDWIN N. McCLURE is a partner in the Arkansas law firm of Matthews, Campbell, Rhoads, McClure & Thompson, P.A., where he practices in the areas of criminal defense law, landlord/tenant law, and probate law. Mr. McClure has spoken extensively on topics related to his areas of practice. He earned his B.A. degree, cum laude, from Simpson College and his J.D. degree from the University of Arkansas. Mr. McClure is a member of the Benton County (past president), Arkansas (former member of House of Delegates and Board of Governors), and American bar associations. He is admitted to the Arkansas, Missouri and New York bars.

TYLER SQUIRES is an attorney at Allen Squires Law, PLLC, where he provides representation in the areas of estate planning, probate, long term care, business organizations, and tax law. He received his B.A. degree from Drury University and his J.D. degree from the University of Arkansas School of Law. Mr. Squires is licensed in both Oklahoma and Arkansas.

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

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