Trusts, Estates & Probate

4.58

How to Use Trusts to...

Credits Available
Credit Status Total
Alaska CLE Approved 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
North Carolina Continuing Paralegal Education Approved 6 Total
OnDemand
5 hours 58 minutes
Margaret Mahon
Randy Lish
Ann O
Steven Kass
Marc Kustner
With Margaret M. Mahon from Margaret M. Mahon, Esq. LLC + 4 others
Recorded April 15, 2025
Product ID 100149

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Overview

Choose the Right Wealth Planning Instruments for Each Client

With the financial future of your clients in your hands, do you have all the tools you'll need to protect them? Make the best use of the unique characteristics of different trusts to perfectly match the unique needs and circumstances of each case. This fast-paced, full-day primer will provide you with a comprehensive how-to guide on the wide variety of trusts available. Register today!

  • Understand the fundamental law and mechanics of trusts and their key functions.
  • Help clients plan for disability with special needs trusts and qualified income trusts.
  • Choose the best vehicle for guarding against creditors: understand the purpose behind the various types of trusts.
  • Harness the versatility of revocable living trusts when transferring assets.
  • Combine the use of trusts and LLCs for protecting and managing family assets, including a family business.
  • Learn how to control and manage future distributions with key trust provisions and trustee powers.
  • Save money on taxes with effective use of defective trusts.
  • Guard your professional reputation with a trusts-specific legal ethics primer.
  • Don't reinvent the wheel - modify our sample trust documents and use our drafting tips to create airtight trusts.

Abbreviated Agenda

  1. To Expand Your Planning Options (The Basics)
  2. To Transfer Assets and Avoid Probate (Versatile Revocable and Testamentary Trusts)
  3. To Decrease Taxes
  4. To Control Distributions and Manage Inherited Asset
  5. To Preserve Medicaid Benefits and Provide for Disability (Special Needs Trusts, Income-Only Trusts and More)
  6. To Own, Purchase and Transfer Real Estate
  7. To Manage and Transfer a Family Business
  8. To Guard Against Third Parties (DAPTs, Spendthrift Provisions, Etc.)
  9. Legal Ethics in the Trusts Practice

Related Topics

Product ID 100149

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
North Carolina Continuing Paralegal Education Approved 6 Total
Select Jurisdiction
CLE
Paralegal

Agenda

All times are shown in

  1. To Expand Your Planning Options (The Basics)

    1. Main Terms and Legal and Financial Concepts Explained
    2. Complying with Governing Laws and Jurisdiction Considerations
    3. Identifying Trust Main Parties and Their Rights and Duties
    4. Clarifying the Clients' Circumstances, Planning Needs, Assets
    5. Choosing Revocable vs. Irrevocable
    6. Addressing State-Specific Matters

  2. To Transfer Assets and Avoid Probate (Versatile Revocable and Testamentary Trusts)

    1. Using Trusts as Will Substitutes
    2. Choosing and Crafting Key Provisions (with Sample Trust Language)
    3. Using the Letter of Intent to Ensure the Assets are Managed and Transferred as Intended
    4. Marital and AB/Credit Shelter Trusts: When are They Still Useful?
    5. Special Designations for Unique, Hard to Sell, and Highly Appreciated Assets
    6. Joint Ownership and Pay on Death Accounts/Instruments as an Alternative to RLTs

  3. To Decrease Taxes

    1. Complying with the Current Tax Laws
    2. Predicting and Planning for Tax Consequences of the Trust
    3. Minimizing Transfer and Estate Taxes: Portability, Step-up Basis, and More
    4. Planning for Multiple Generations
    5. Using Defective Trusts
    6. Allocating the Taxation of the Trust Income/Principal
    7. CRTs vs. CLTs: Determining the Priority of the Charitable Intent and Structuring the Trust Accordingly
    8. Grantor vs. Nongrantor Trusts in Tax Planning
    9. Sample Trust Provisions Review

  4. To Control Distributions and Manage Inherited Asset

    1. Ensuring Full Trust Funding
    2. Planning for Regular, Mandatory, and Discretionary Distributions (with Sample Trust Language)
    3. IRA Trusts: Stretching out IRA Distributions
    4. How the Grantor can Control Beneficiary Behavior
    5. Investment and Power of Appointment Provisions
    6. Designing Trust Continuation and Assets Management
    7. Planning for Tax Consequences of Trust Distributions

  5. To Preserve Medicaid Benefits and Provide for Disability (Special Needs Trusts, Income-Only Trusts and More)

    1. Choosing the Right Trust Structure
    2. Preserving Family Assets
    3. How and When IDGITs can Help
    4. Preserving Public Benefits
    5. Making the Funds Available to the Disabled
    6. Trusts, ABLE Accounts and the Medicaid Payback Obligation

  6. To Own, Purchase and Transfer Real Estate

  7. To Manage and Transfer a Family Business

    1. Using Trusts for Lifetime Transfers
    2. Preventing Family Conflict and Ensuring Continued Operation
    3. Structuring Material Participation by Trusts
    4. Coordinating Family LLC Agreements and Trusts
    5. When and How to Use Dynasty Trusts
    6. Working with Trust Protectors for Business Interests
    7. Determining Whether the Trust Should Operate a Decedent's Family-Owned Business

  8. To Guard Against Third Parties (DAPTs, Spendthrift Provisions, Etc.)

    1. Determining Top Asset Protection Priorities
    2. First-Party vs. Third-Party Protection
    3. What Jurisdiction Works Best?
    4. Choosing the Trust Structure
    5. Drafting Trust Provisions That Insulate the Grantor (with Sample Trust Language)
    6. Third-Party Discretionary Trusts in a Nutshell
    7. Making Sure Protections Don't Get Stripped
    8. Are Subtrusts Needed?
    9. Using Trusts to Own Real Estate

  9. Legal Ethics in the Trusts Practice

    1. Setting Reasonable Attorney Fees
    2. Guarding Client Confidentiality
    3. Verifying Testamentary Capacity
    4. Conflicts of Interest in Joint Representation
    5. Fiduciary Liability

Who Should Attend

This trusts legal guide is designed for attorneys. Accountants, trust officers, financial planners, tax professionals, and paralegals will also benefit.

Speakers

Margaret M Mahon
Margaret M.
Mahon
Margaret M. Mahon, Esq. LLC
Randy M Lish
Randy M.
Lish
Facemyer Law Firm
Ann M O'Hara
Ann M.
O'Hara
Dale & Eke, P.C.
Steven A Kass
Steven A.
Kass
Law Office of Steven A. Kass, P.C.
Marc R Kustner
Marc R.
Kustner
Solomon Dwiggins Freer Steadman LTD.
Speaker bio
Margaret M Mahon

Margaret M. Mahon

Margaret M. Mahon, Esq. LLC
Margaret Mahon

, Esq. is a sole practitioner with an office located in Red Bank, New Jersey. Her practice is dedicated to estate planning, estate administration, elder law, tax controversy, as well as Committee on Character and attorney ethics matters. Ms. Mahon earned her J.D. degree from Seton Hall School of Law and her LL.M. degree in taxation, with an emphasis in estate planning from Villanova School of Law. She has been in private practice since 2006. Ms. Mahon formerly worked for the New Jersey Administrative Office of the Courts; New Jersey Office of Attorney Ethics (Family Division and Supreme Court Committee on Character/Bar Admissions. She is a member of the Real Property, Trust and Estate Law, and the Elder and Disability Law sections of the New Jersey State Bar Association.

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Speaker bio
Randy M Lish

Randy M. Lish

Facemyer Law Firm
Randy Lish

is a partner at Facemyer Law Firm in Provo, Utah, where he practices in the areas of trusts and estates, asset protection, and probate. He is a former adjunct professor at Utah Valley State College and is a lecturer for National Business Institute. Mr. Lish earned his B.A. and J.D. degrees from Brigham Young University. He is a member of the Utah State Bar and the Central Utah Bar Association.

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Speaker bio
Ann M O'Hara

Ann M. O'Hara

Dale & Eke, P.C.
Ann O'Hara

is an attorney with Dale & Eke, P.C. in Indianapolis. She currently practices in the areas of employee benefits, estate planning and probate, and trust administration. Ms. O'Hara served as an adjunct professor in individual federal taxation at the Kelley School of Business, Indiana University, and has lectured on federal estate and gift taxes issues. While completing her law degree, she was a tax analyst for the Indiana Inheritance Tax Division of the Indiana Department of Revenue, and also served as director of the Corporations Division of the Indiana Secretary of State's Office. Ms. O'Hara earned her B.S. degree in finance, summa cum laude, from St. Joseph's College and her J.D. degree from Indiana University Robert H. McKinney School of Law.

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Speaker bio
Steven A Kass

Steven A. Kass

Law Office of Steven A. Kass, P.C.
Steven Kass

is a solo practitioner in Melville, New York, and for over the past 30 years has concentrated his practice in estate planning and elder law, planning for persons with special needs, wills, trusts, and guardianships. He is a certified elder law attorney through the National Elder Law Foundation. Mr. Kass is a member of the Nassau County, Suffolk County, New York State and American bar associations; as well as the National Academy of Elder Law Attorneys, National Elder Law Foundation and the Academy of Special Needs Planners. He earned his J.D. degree and a Certificate in Health Law and Policy from Pace University School of Law.

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Speaker bio
Marc R Kustner

Marc R. Kustner

Solomon Dwiggins Freer Steadman LTD.
Marc Kustner

is an attorney at Solomon Dwiggins Freer & Steadman, LTD. He focuses his practice on estate planning, business planning and trust administration practice. Mr. Kustner is experienced in navigating the complexities of trusts and estates for high net-worth clients, helping them to avoid probate, incorporate valuable asset protections, and reduce their exposure to federal estate taxes. He earned his B.A. degree from the University of Pennsylvania, his J.D. degree, magna cum laude, from the William S. Boyd School of Law at the University of Nevada, Las Vegas, and was a recipient of the Dean's Award for his individual contributions of note to the law school community. Mr. Kustner is a member of the Clark County Bar Association and Southern Nevada Estate Planning Council. He is admitted to practice law in Nevada.

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