Trusts, Estates & Probate

4.42

Understanding Trusts: Why Some Structures Provide More Protections Than Others

Credits Available
Credit Status Total
Alaska CLE Reciprocity 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
Kentucky CLE Approved 6 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
Rhode Island 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
Virginia 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
OnDemand
5 hours 55 minutes
R. Lance Pruitt
Jennifer McInerney
Elizabeth Forgotson Goldberg
With R. Lance Pruitt from R. Lance Pruitt + 2 others
Recorded March 31, 2026.
Product ID 101607

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Overview

Provide Your Clients with the Full Spectrum of Trust Options

When assessing complex information, it often helps to break items into basic building blocks. The same approach can be successful when dealing with trusts. Be prepared for specific challenges associated with various types of trusts by understanding their unique characteristics. Our intensive full-day primer will provide you with a comprehensive overview of the wide variety of trusts available. Register today!

  • Learn what not to do when selecting and drafting a trust to avoid common mistakes.
  • Learn how to choose the most beneficial vehicle for preserving your client's wealth: understand the purpose behind the various types of trusts.
  • Save money on taxes with effective use of trusts.
  • Determine whether a client qualifies as a beneficiary of a special needs trust.
  • Don't reinvent the wheel - modify our sample trust documents and use our drafting tips to create airtight trusts.

Abbreviated Agenda

  1. Trust Overview: Legislative Update, Key Parties, Terms, and More
  2. The Trust Lifecycle: Procedures and Pitfalls
  3. Revocable Living Trusts: Drafting, Operation, and Termination
  4. Using Trusts to Reduce Taxes
  5. Grantor Trusts: Drafting, Operation, and Termination
  6. Special Needs Trusts in a Nutshell
  7. Ethical Considerations

Related Topics

Product ID 101607

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 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
Kentucky CLE Approved 6 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
Rhode Island 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
Virginia 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
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Trust Overview: Legislative Update, Key Parties, Terms, and More

    1. Current Rules and Regulations, Uniform Trust Code, and State Statutes
    2. Defining Key Trust Terms, Duties, and Powers: Trustees, Directing Parties, Protectors
    3. Liability of Trustees
    4. Clients' Planning Needs: The Whens and Whys of Using Different Trusts

  2. The Trust Lifecycle: Procedures and Pitfalls

    1. Creation and Viability
    2. Operation; Administration
    3. Modification and Termination

  3. Revocable Living Trusts: Drafting, Operation, and Termination

    1. Revocability Pros and Cons
    2. Drafting Tips and Applying Case Law : An Example of a Well-Designed Revocable Trust
    3. Tax Consequences
    4. Funding the Trust
    5. Common Mistakes to Avoid

  4. Using Trusts to Reduce Taxes

    1. Top Tax Uses of Trusts
    2. Planning for Estate Tax Marital Deduction, Portability, Estate and Income Taxes
    3. Charitable Trusts
    4. Drafting Tips and Example of a Well-Designed Trust Tax Provisions

  5. Grantor Trusts: Drafting, Operation, and Termination

    1. Applying Case Law
    2. Types of Grantor Trusts
    3. Drafting Tips
    4. Funding the Grantor Trust
    5. Taxation Considerations - When to File the Return?
    6. Administrative Power, Operation, Termination
    7. Example of a Well-Designed Trust

  6. Special Needs Trusts in a Nutshell

    1. Special Needs/Supplemental Needs Trust, Pooled Income Trust, Miller Trust
    2. Medicaid and Medicare Issues
    3. Establishment; Beneficiary Selection
    4. Funding
    5. Drafting Tips and Samples
    6. Operation, Distributions, Termination
    7. Example of a Well-Designed Trust
    8. ABLE Accounts

  7. Ethical Considerations

    1. Who is Your Client?
    2. Confidentiality in Third-Party Communications
    3. Assessing the Client's Capacity
    4. Avoiding Fraudulent Transfers

Who Should Attend

This course is designed for attorneys. It will also benefit accountants, tax professionals, trust officers, and paralegals.

Speakers

R. Lance Pruitt
R. Lance
Pruitt
R. Lance Pruitt
Jennifer M McInerney
Jennifer M.
McInerney
McInerney Law
Elizabeth Forgotson Goldberg
Elizabeth
Forgotson Goldberg
Law Offices of Elizabeth Forgotson Goldberg
Speaker bio
R. Lance Pruitt

R. Lance Pruitt

R. Lance Pruitt
R. Lance Pruitt

provides consultation and solutions to clients in the areas of estate planning, asset protection and business succession planning. Prior to his current employment, Mr. Pruitt practiced law for several years, concentrating his practice in the areas of estate and tax planning, tax litigation, estate administration and corporate law. He was previously an adjunct professor at Tusculum College and Tennessee Wesleyan University, where he taught Business Law for several years. Mr. Pruitt earned his B.S. degree from The University of Tennessee at Knoxville, his J.D. degree from Southern Illinois University School of Law, and his LL.M. degree from the University of Missouri-Kansas City.

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Speaker bio
Jennifer M McInerney

Jennifer M. McInerney

McInerney Law
Jennifer McInerney

is an attorney with McInerney Law, where her practice is focused in estate planning, primarily for families with special needs children. She is licensed to practice in Alabama and Mississippi. Ms. McInerney is the founding member and co-president of the Board of Directors of Special Siblings, which provides support for children with special needs siblings. She currently serves as the president of the Board of Directors of the Jefferson County Intellectual and Developmental Disability Authority. Ms. McInerney is a member of the Board of Directors for Down Syndrome Alabama, Shelby Humane Society and 25:35. She earned her B.A. degree, magna cum laude, as well as her M.A. degree, summa cum laude, from the University of Alabama at Birmingham. Ms. McInerney earned her J.D. degree from Indiana University School of Law and her LL.M. degree in taxation from Washington University in St. Louis.

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Speaker bio
Elizabeth Forgotson Goldberg

Elizabeth Forgotson Goldberg

Law Offices of Elizabeth Forgotson Goldberg
Elizabeth Forgotson Goldberg

is a sole practitioner at the Law Offices of Elizabeth Forgotson Goldberg located in Bethesda, Maryland, where she practices in the areas of wills, trusts, estates, special needs trusts, elder law, probate, estate administration, family law, homeowners association law, and estate planning for the elderly. Ms. Forgotson Goldberg is a NELF certified attorney. She earned her B.A. and M.A. degrees from Duke University, and her J.D. degree from George Washington University Law School. Ms. Forgotson Goldberg is a member of the Montgomery County Bar Association, District of Columbia Bar Association, Maryland State Bar Association, National Association of Elder Law Attorneys (NAELA) and Women's Bar Association of Maryland.

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