Drafting Trusts in Estate Planning

Training Provided by Lorman Education Services nEstate tax laws keep changing. Did you know that even though the estate tax exemption is predicted to stay at $3.5 million the lifetime gift tax exemption will stay at $1 million, leaving the door open to reduce the estate tax exemption back down to $1 million when Congress tries to balance the budget in a few years? In addition to estate taxes, clients' families need protection from probate, bad marriages and creditors, especially if they get into financial distress in the future. This teleconference will help you address all of these issues. Find out how to avoid probate, especially lifetime probate. Learn about the flexibility that our estate and gift tax laws provide, if only the taxpayer plans ahead. Acquire tools to prevent children's spouses and the surviving spouse's new spouse from obtaining legal rights to clients' family money. Help clients protect their beneficiaries' shares of family wealth from creditors. Learn how to use trusts to shift family wealth if clients would like to do that while still living.

Drafting Trusts in Estate Planning Agenda

1. Revocable Estate Planning Documents
1. Wills
2. Revocable Trust
3. Durable Powers of Attorney
2. Trusts Created Upon Death
1. Credit Shelter
2. Marital Deduction Trusts
3. Trusts for Descendants
3. Irrevocable Trusts
1. Annual Gifting (Including Life Insurance Trusts)
2. Sales to Irrevocable Grantor Trusts
3. Grantor Retained Annuity Trusts and Qualified Personal Residence Trusts

About The Training Provider: Lorman Education Services

More Estate Training from Lorman Education Services

• Accounting for Estates and Trusts
• Asset Protection Planning and Techniques: Safeguard Your Retirement and Other Assets
• Basics of Trust Administration
• Convergence of Estate Planning, Trust Administration and Financial Advice
• Current Issues in Revocable Living Trusts
• Estate and Gift Tax Audits
• Estate Planning for Vacation Homes
• Estate Planning Opportunities in an Uncertain Environment
• Form 706: Estate Tax Return Fundamentals
• Managing Risk and Investments for Trustees and Other Fiduciaries
• Medicaid and Elder Law: Representing Clients in a New Legal Landscape
• Special Needs Trusts: Planning for the Disabled and Elderly
• Tax and Estate Planning for Clients Relocating to Florida
• Tax Implications of Generation-Skipping Techniques - Planning to Minimize the Generation-Skipping Transfer (GST) Tax
• The 8 Greatest Estate Planning Techniques
• The Rules of Trust Administration
• Updating and Maintaining Wills, Trusts and Estate Plans for the Evolving Client
• Valuation for Gift and Estate Tax Purposes in a Troubled Economy