Trusts in Montana From A to Z
Credits Available
| Credit | Status | Total | Until |
|---|---|---|---|
| Montana CLE |
|
6.75 Total | 02-05-2029 |
| Texas CLE |
|
6.75 Total | 01-31-2027 |
| Montana CLE Credit for Paralegals |
|
6.5 Total | 02-05-2028 |
Buy This Course
OnDemand Video
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or
Overview
The Ultimate Pros and Cons Guide to Top Wealth Planning Techniques
Planning your clients' financial future and legacy is diverse and complex, with a unique tool for every unique client situation. In this fast-paced comprehensive program, our faculty will guide you through the plethora of trust options and give you a straightforward, incisive analysis of when and how each can be used for maximum effect. Explore the goals, functions, administration hurdles, and tax implications of the top trusts in the practice. Choose the best tool for the job every time - register today!
- Weigh all the pros and cons to select the best trust options for specific client situations.
- Anticipate tax consequences of various trusts.
- Use sample trust language our faculty provide to save drafting time and avoid mistakes.
- Clarify the powers and duties of trustees in different trusts.
- Compare living and testamentary trusts for straightforward estate planning.
- Distinguish between accounting and taxable income and learn how trust income tax is reported.
- Understand how recent tax laws changed the practice of marital trusts and learn when they are still useful.
- Review common ethical missteps that can cost you your license - and how to avoid them.
Abbreviated Agenda
- What are Trusts? Main Trust Principles
- Simple Testamentary Trusts and Revocable Living Trusts
- Tax Reduction with Trusts
- Grantor Trusts
- Marital Trusts in a Nutshell
- Charitable Trusts
- Special Needs Trusts (SNTs)
- Legal Ethics
Credit Details
Credits Available
| Credit | Status | Total | Until |
|---|---|---|---|
| Montana CLE |
|
6.75 Total | 02-05-2029 |
| Texas CLE |
|
6.75 Total | 01-31-2027 |
| Montana CLE Credit for Paralegals |
|
6.5 Total | 02-05-2028 |
Select Jurisdiction
CLE
Paralegal
Agenda
-
What are Trusts? Main Trust Principles
- Trust Terms, Concepts, and Definitions
- Key Parties in a Trust and Their Roles
- The Laws of Trust Creation and Administration (UTC, UPA, UPIA, etc.)
- Trust Revocability and its Implications
- Trust Funding Basics
- Creditor Rights in Regards to Trusts
- Does the Client Need a Trust?
-
Simple Testamentary Trusts and Revocable Living Trusts
- When are Testamentary Trusts Used?
- Living vs. Testamentary Trusts for Tax Purposes
- Trust Funding Mistakes and Consequences
- Top Trust Administration Issues
- Sample Trust Language
-
Tax Reduction with Trusts
- Current State and Federal Tax Regime
- Taxation of Trusts: Transfer and Income
- Accounting vs. Taxable Income
- Tax Consequences of Distributions
- Tax Implications of a Trust Becoming Irrevocable
- Accumulation Distribution for Some Complex Trusts
- Material Participation by Trusts
- Tax Consequences of Trusts in Estate Administration
-
Grantor Trusts
- Types of Grantor Trusts and When They are Used
- Intentionally Defective Grantor Trusts
- Tax Planning, Requirements, and Consequences
- Trustee Powers and Duties
- Grantor Trust Status and Reporting
- Exceptions to the Rules
- Sample Trust Language
-
Marital Trusts in a Nutshell
- When are Marital Trusts Used?
- Old AB/Credit Shelter Trusts After ATRA and Tax Cuts and Jobs Act
- Tax Planning, Requirements, and Consequences
- Trustee Powers, Duties, and Challenges
- Underfunded Trusts After First Death
- QDOTs for Noncitizen Spouses
- Exceptions to the Rules
- Handling Dysfunctional Client Families
- Sample Trust Language
-
Charitable Trusts
- When are Charitable Trusts Used?
- CRTs vs. CLTs
- Tax Planning, Requirements, and Consequences
- Trustee Powers and Duties and Administration Issues
- Exceptions to the Rules
- Charitable Planning in Smaller Estates
- Sample Trust Language
-
Special Needs Trusts (SNTs)
- When are SNTs Used? (SNTs vs. ABLE Act Accounts)
- Types of SNTs
- Tax Consequences of SNTs
- Preserving Benefits Eligibility
- Trustee Powers and Duties (What Can the Distributions be Used for?)
- Sample Trust Language
-
Legal Ethics
- Who Is Your Client? The Most Important Question in Trusts Practice
- Top Legal Malpractice Risks
- Testator Capacity Issues
- Dealing with Trust Beneficiaries
- Protecting Confidentiality
- Preventing Fiduciary Misconduct
Who Should Attend
This basic level online seminar is designed for the professionals involved in creating and administering trusts:
- Attorneys
- Accountants and CPAs
- Trust Officers
- Tax Managers
- Wealth Managers
Speakers
Speaker bio
Lana Kadoshnikov
is a shareholder and CPA in the Missoula, Montana office of JCCS, where she focuses on estate and trust, tax planning, wealth advisement, retirement solutions, and insurance planning. She is a member of the American Institute of CPAs, Montana State Society of CPAs, and the Great Falls Society of CPAs. Ms. Kadoshnikov earned her B.S. degree in accounting and her M.B.A. degree in business administration and finance from California State University - Fresno, California.
Speaker bio
Jordan Notti
is a CPA with JCCS in Missoula, Montana, where his practice focuses on individualized tax solutions. He earned his B.S. degree in business administration/accountancy and his Masters of Professional Accountancy from the University of Montana.
Speaker bio
Michelle H. Vanisko
is an attorney at Vanisko Law. Her practice areas include family law, estate planning, business formation, and probate. Ms. Vanisko earned her B.A. degree from Carroll College and her J.D. degree from University of Montana School of Law. She is licensed to practice in Montana, and the U.S. District Court, District Court of Montana. Ms. Vanisko is a member of the State Bar of Montana and the First Judicial District Bar Association.
Speaker bio
Roberta Jean Bergeson
is an attorney with Suenram & Bergeson in Dillon, Montana.
Speaker bio
Jasmine J. Baier
is an attorney with Crowley Fleck's Kalispell office, where she's a member of the Taxation, Trusts, and Estates Practice Group. The majority of her practice is focused on creating and advising non-profit organizations and complex estate planning. Jasmine helps create nonprofit organizations by drafting and filing organizational documents, and preparing applications for tax exemption. She assists with nonprofit administration, including preparing gift agreements, navigating administrative procedures, and reviewing board documents. Her diverse client base includes hospitals, private foundations, chambers of commerce, colleges, public charities, and other nonprofit trusts and corporations. Jasmine has played a pivotal role in creating and advising some of the largest non-profit organizations in Montana, both at the state and regional levels. She also dedicates a significant portion of her practice to complex estate planning drafting and administration and trust administration, providing comprehensive legal support in these areas. Jasmine earned her B.A. degree in political science from Westminster College, her M.A. degree in public administration from University of Montana, and her J.D. degree, with honors, from University of Montana. She is a ACTEC Rocky Mountain Institute Fellow and has been recognized as a "Rising Star" by Mountain States Super Lawyers for her tax practice. Jasmine was also an honoree for Flathead Valleys 40 Under 40 Awards. She is a Flathead Valley native and stays active in her community through the Chamber of Commerce, Leadership Flathead, and Daybreak Rotary.
Speaker bio
Lori Harshbarger
is an attorney with Harshbarger Law Firm in Twin Bridges, Montana. Her diverse practice includes all areas of family law, mediation and dispute resolution, business transactions, estate planning, real estate, agriculture, civil litigation, select personal injury claims and water law. Mr. Harshbarger is also the attorney for the Town of Twin Bridges. She is a member of the Montana Bar Association, Arizona Bar Association, Texas Bar Association, Montana Trial Lawyers, American Bar Association, Phi Alpha Delta Legal Fraternity, Montana Fifth Judicial District Bar Association, Silver Bow County Bar Association and Montana Family Law Arbitration Association. She serves as the Chairperson of the Legislative Committee of the Family Law Section of the State Bar of Montana. Ms. Harshbarger has been involved in 4H, FFA and has a heart for the legacy of agriculture in Montana. She earned her J.D. degree at Thurgood Marshall School of Law and is licensed to practice law in Montana, Arizona and Texas. Before her legal career, Ms. Harshbarger earned her B.S. degree in microbiology and worked as a medical technologist and research assistant in the area of cancer research.
Speaker bio
Jordan Feddes
is a shareholder with Bryan Law Firm, P.C. in Bozeman, Montana. Her practice focuses on estate planning, probate, and trust administration. Ms. Feddes earned her J.D. degree at Pepperdine Caruso School of Law and her LL.M. degree in taxation at Loyola Law School. She is a member of the BETTR (Business, Estates, Trusts, Tax, and Real Property) Section of the Montana Bar Association and is active with various nonprofit organizations around Bozeman. Ms. Feddes is licensed to practice in Montana and California.
Speaker bio
Jason F. Hicks
is an assistant county attorney with Guilford County, North Carolina. He is licensed in both Tennessee and North Carolina. Over the course of his career, Mr. Hicks has practiced family/divorce law, probate and litigation, as well as elder law, juvenile law, and local government law. He is a member of the District 24 (North Carolina); Putnam County (Tennessee); and Tennessee, North Carolina, and American bar associations. Mr. Hicks is currently the president of the North Carolina DSS Attorney's Association. He is past president of the Putnam County Bar Association and Upper Cumberland Trial Lawyers Association. Mr. Hicks is also the past vice president of the Tennessee Bar Association-Young Lawyers Division. He is a frequent speaker at legal education seminars, having presented over forty CLE presentations. Mr. Hicks is a barrister member of the Guilford Chapter, American Inn of Courts. He earned his B.A. degree from The University of Tennessee, Knoxville and his J.D. degree from Faulkner University, Thomas Goode Jones School of Law.
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