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Sponsored by Lorman Education
Product ID: 407384EAU
 
Credit & Course Provided by:

Drafting Trusts in Estate Planning

OnDemand Webinar (90 minutes)

Learn how to properly and effectively draft different types of trusts for an estate plan.Trusts can be an integral part of an effective estate plan. With the ability to control wealth, protect assets, mitigate taxes, and provide privacy, trusts are an irreplaceable estate planning tool. However, as with all legal documents, proper drafting is imperative to ensure a client's goals are accomplished. Furthermore, with an ever-changing legal landscape, it is important to keep up-to-date on the laws that impact your clients and the trusts utilized. This topic will provide an overview of the types of trusts available to achieve various planning objectives, offer insight into how to approach the drafting of effective trust documents, and review the resources available to drafters to ensure their trust documents accurately reflect and incorporate current laws.

Authors

Rebecca Cerny, Esq., Pierro, Connor & Strauss, LLC

Agenda

Introduction to Trusts

• What Is a Trust?

• Types and Uses of Trusts

Before You Draft

• Trust Planning to Achieve Client Goals

• Assets Management vs. Asset Protection

• Determining Client Tolerance for Risk, Control and Complexity

Trust Drafting Essentials

• Trust Structure

• Dispositive Provisions

• Administrative Provisions

• Trustee Provisions

Drafting Resources

• Trust Drafting Tools

- Forms vs. Software

• Keeping Current on Trust Law