Revocable Trust Drafting: Funding Issues, Transfers, Tax Planning, Disposition of Personal Property and Real Estate
A live 90-minute CLE/CPE video webinar with interactive Q&A
This CLE/CPE webinar will provide estate planners a detailed analysis of key challenges and pitfalls to avoid when drafting revocable trusts. The panel will discuss the legal framework and key considerations for revocable trusts, pros and cons for grantors, funding the trust and key issues, transferring assets to the trust, dispositions of personal property and real estate, key tax planning considerations, and other issues in drafting revocable trusts.
Outline
- Revocable trust planning options
- Marital deduction planning
- Supplemental needs trusts
- Charitable planning options
- Other options
- Grantor powers and funding issues
- Trustee rules, powers, and duties
- Key trust provisions and drafting considerations
- Tax planning and reporting
- Revocable trust administration
Benefits
The panel will discuss these and other key issues:
- What are the reasons and circumstances for utilizing revocable trusts?
- What are the key distinctions for revocable vs. irrevocable trusts?
- What are the applicable legal and tax rules to consider when utilizing revocable trusts?
- What are the best revocable trust structures and their pros and cons?
- How are revocable trusts funded and what are the challenges?
- What are the key provisions and pitfalls to avoid?
- How are these types of trusts implemented and administered?
Faculty
Nicholas W. Keller
Attorney
McCarter & English
Mr. Keller focuses on Trusts & Estates law. Prior to joining the firm, he held clerkships with the Honorable Peter... | Read More
Mr. Keller focuses on Trusts & Estates law. Prior to joining the firm, he held clerkships with the Honorable Peter E. Doyne, Assignment Judge, Bergen County, and the Honorable John C. Kennedy, Appellate Division. Mr. Keller is an active member of the Bar Associations of the State of New Jersey and Bergen County, as well as a member of the American Bar Association and the New York State Bar Association.
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Miguel Pena
Attorney
Law Office of Miguel D. Pena, Esq.
Mr. Pena focuses his practice on trusts and estates, probate, wealth preservation, and planning matters involving... | Read More
Mr. Pena focuses his practice on trusts and estates, probate, wealth preservation, and planning matters involving estate, gift and generation-skipping transfer taxes. He represents a variety of clients including high-net worth individuals seeking sophisticated estate planning, as well as individuals who simply want to ensure that their estate reflects their wishes and values. In addition, Mr. Pena represents corporate fiduciaries in connection with estate and trust administration and advises out of state counsel on Delaware trust law, including directed trusts, decanting, dynasty trusts, and all aspects of the validity, construction, and administration of Delaware trusts.
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Louis A. Silverman
Attorney
Praesidium Law
Mr. Silverman has been practicing law in Arizona since 1981. In 2005, he changed the focus of his civil litigation... | Read More
Mr. Silverman has been practicing law in Arizona since 1981. In 2005, he changed the focus of his civil litigation practice to estate planning, trust and estate administration, and probate law. In 2015, Mr. Silverman became board-certified in estate and trust law by the State Bar of Arizona with the accreditation of “Certified Specialist in Estate and Trust Law.”
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Cannot Attend November 19?
Early Discount (through 10/25/24)
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.