PA Specific

Trusts, Estates & Probate

Live Online

Trusts in Pennsylvania From A to Z

Credits Available
Credit Status Total
Financial Planners Approved 8 Total
New Jersey CLE Approved 8 Total
New York CLE Approved 8 Total
Pennsylvania CLE Approved 6.5 Total
CPE for Accountants/NASBA Approved 8 Total
Live Online
6 hours 40 minutes
Joanne Parise
Drew Durbin
Alexandra Sipe
Leah Morrison
Daniel Del Collo
Peter Ostermiller
With Joanne L. Parise from Williams, Coulson, Johnson, Lloyd, Parker + 5 others

Tue, Jul 28, 00:00 AM – 00:00 PM

Product ID 102096

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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

  1. What are Trusts? Main Trust Principles
  2. Other Trust Structures and Issues
  3. Tax Reduction with Trusts
  4. Grantor Trusts
  5. Marital Trusts in a Nutshell
  6. Generation Skipping/Dynasty Trusts
  7. Charitable Trusts
  8. Simple Testamentary Trusts and Revocable Living Trusts
  9. Special Needs Trusts (SNTs)
  10. Legal Ethics

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Related Topics

Product ID 102096

Credit Details

Credits Available
Credit Status Total
Financial Planners Approved 8 Total
New Jersey CLE Approved 8 Total
New York CLE Approved 8 Total
Pennsylvania CLE Approved 6.5 Total
CPE for Accountants/NASBA Approved 8 Total
Select Jurisdiction
CLE
Other

Agenda

All times are shown in

  1. What are Trusts? Main Trust Principles

    1. Trust Terms, Concepts, and Definitions
    2. Key Parties in a Trust and Their Roles
    3. The Laws of Trust Creation and Administration (UTC, UPA, UPIA, etc.)
    4. Trust Revocability and its Implications
    5. Trust Funding Basics
    6. Creditor Rights in Regards to Trusts
    7. Does the Client Need a Trust?

  2. Other Trust Structures and Issues

    1. Minors' Trusts
    2. IRA Trusts
    3. Pet Trusts
    4. Medicaid Trusts
    5. Asset Protection Trusts
    6. Irrevocable Life Insurance Trusts
    7. Incomplete Non-Grantor Trusts
    8. Gun Trusts
    9. Trust Decanting, Modification, and Dissolution
    10. Smaller Estate Trusts
    11. Constructive Trusts

  3. Tax Reduction with Trusts

    1. Current State and Federal Tax Regime
    2. Taxation of Trusts: Transfer and Income
    3. Accounting vs. Taxable Income
    4. Tax Consequences of Distributions
    5. Tax Implications of a Trust Becoming Irrevocable
    6. Accumulation Distribution for Some Complex Trusts
    7. Material Participation by Trusts
    8. Tax Consequences of Trusts in Estate Administration

  4. Grantor Trusts

    1. Types of Grantor Trusts and When They are Used
    2. Intentionally Defective Grantor Trusts
    3. Tax Planning, Requirements, and Consequences
    4. Trustee Powers and Duties
    5. Grantor Trust Status and Reporting
    6. Exceptions to the Rules
    7. Sample Trust Language

  5. Marital Trusts in a Nutshell

    1. When are Marital Trusts Used?
    2. Old AB/Credit Shelter Trusts After ATRA and Tax Cuts and Jobs Act
    3. Tax Planning, Requirements, and Consequences
    4. Trustee Powers, Duties, and Challenges
    5. Underfunded Trusts After First Death
    6. QDOTs for Noncitizen Spouses
    7. Exceptions to the Rules
    8. Handling Dysfunctional Client Families
    9. Sample Trust Language

  6. Generation Skipping/Dynasty Trusts

    1. GST Tax and Other Tax Considerations
    2. When are Dynasty Trusts Used?
    3. Trustee Powers and Duties and Administration Challenges
    4. Exceptions to the Rules
    5. Sample Trust Language

  7. Charitable Trusts

    1. When are Charitable Trusts Used?
    2. CRTs vs. CLTs
    3. Tax Planning, Requirements, and Consequences
    4. Trustee Powers and Duties and Administration Issues
    5. Exceptions to the Rules
    6. Charitable Planning in Smaller Estates
    7. Sample Trust Language

  8. Simple Testamentary Trusts and Revocable Living Trusts

    1. When are Testamentary Trusts Used?
    2. Living vs. Testamentary Trusts for Tax Purposes
    3. Trust Funding Mistakes and Consequences
    4. Top Trust Administration Issues
    5. Sample Trust Language

  9. Special Needs Trusts (SNTs)

    1. When are SNTs Used? (SNTs vs. ABLE Act Accounts)
    2. Types of SNTs
    3. Tax Consequences of SNTs
    4. Preserving Benefits Eligibility
    5. Trustee Powers and Duties (What Can the Distributions be Used for?)
    6. Sample Trust Language

  10. Legal Ethics

    1. Who Is Your Client? The Most Important Question in Trusts Practice
    2. Top Legal Malpractice Risks
    3. Testator Capacity Issues
    4. Dealing with Trust Beneficiaries
    5. Protecting Confidentiality
    6. 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

Joanne L Parise
Joanne L.
Parise
Williams, Coulson, Johnson, Lloyd, Parker
Drew Durbin
Drew
Durbin
Lynch Law Group, LLC
Alexandra M Sipe
Alexandra M.
Sipe
Sipe Law LLC
Leah A Morrison
Leah A.
Morrison
English, Lucas, Priest & Owsley, LLP
Daniel Del Collo III
Daniel
Del Collo, III
The Law Office of Daniel Del Collo III
Peter L Ostermiller
Peter L.
Ostermiller
Peter L. Ostermiller, Attorney at Law
Speaker bio
Joanne L Parise

Joanne L. Parise

Williams, Coulson, Johnson, Lloyd, Parker
Joanne Parise

is an Associate Attorney at Williams Coulson Johnson Lloyd Parker & Tedesco, LLC in Pittsburgh, Pennsylvania and focuses her practice in the areas of estate, tax, and business succession planning and estate administration.

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Speaker bio
Drew Durbin

Drew Durbin

Lynch Law Group, LLC
Drew Durbin

is a tax and estate planning attorney at Lynch Law Group, LLC. He brings a thoughtful, client-centered approach to helping individuals, families, and business owners navigate complex legal and financial decisions. Mr. Durbin's practice focuses on the intersection of tax, estate, and corporate law, with a particular emphasis on trust and estate planning strategies and related tax implications He is especially skilled at making intricate tax and legal concepts accessible. Whether guiding clients through business succession planning or securing tax clearance during estate administration, Mr. Durbin maintains a clear focus: delivering practical solutions with care and clarity. He understands that his clients are in uncharted territory, and his approach is to proactively anticipate their needs and lead with empathy. Mr. Durbin earned his J.D. degree from the University of Pittsburgh School of Law, where he completed a Certificate in Tax Law and served as managing editor of the Pittsburgh Tax Review. He is currently pursuing an LL.M. in taxation from Villanova University, further deepening his expertise in trusts, estates, and tax law.

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Speaker bio
Alexandra M Sipe

Alexandra M. Sipe

Sipe Law LLC
Alexandra Sipe

, Esq. is the founder and principal attorney of Sipe Law LLC, a boutique legal practice based in south central Pennsylvania. With over twelve years of specialized experience, she focuses on estate planning, estate administration, small business and agribusiness succession planning, and trust administration. Ms. Sipe is widely recognized for her commitment to preserving Pennsylvania's agricultural legacy and supporting family-owned enterprises. A graduate of Dickinson School of Law at Pennsylvania State University (J.D., 2013) and Dickinson College (B.A. in economics and political science, 2010), she has earned accolades including the Trailblazer Award from the Pennsylvania Bar Association's Real Property, Probate and Trust Law Section. Ms. Sipe's leadership roles include serving as secretary of the PBA Real Property, Probate and Trust Section; county coordinator for Wills for Heroes in Franklin County; and board member for organizations such as Luminest Community Development and the Cumberland County Farm Bureau. She is also a member of the Estate Planning Council of Central Pennsylvania and a graduate of Leadership Cumberland's Class of 2024. Ms. Sipe is a frequent speaker and educator, offering seminars and webinars for legal and financial professionals, and is deeply engaged in community outreach, regularly sponsoring local events and initiatives.

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Speaker bio
Leah A Morrison

Leah A. Morrison

English, Lucas, Priest & Owsley, LLP
Leah Morrison

is an attorney with English, Lucas, Priest & Owsley, LLP in Bowling Green, Kentucky. She concentrates her practice in designing estate, asset protection, and business succession plans in a tax advantageous manner. Ms. Morrison is a member of the American, Kentucky, Louisville, and Bowling Green-Warren County bar associations. She earned her J.D. degree, magna cum laude, from the University of Louisville Brandeis School of Law; her LL.M. degree in taxation, magna cum laude, from the University of Alabama; and her B.A. degree in criminal justice from George Washington University.

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Speaker bio
Daniel Del Collo III

Daniel Del Collo, III

The Law Office of Daniel Del Collo III
Daniel Del Collo

is the owner of The Law Office of Daniel Del Collo III, where he concentrates his practice in the areas of estate planning, estate administration and elder law, including the drafting of wills, trusts and special needs, guardianships, Medicaid planning, powers of attorneys, and advanced medical directives. His elder law clients also call upon him to handle personal injury, real estate and business law matters. Mr. Del Collo also provides counsel to individuals and families with loved ones suffering from varying types and degrees of dementia such as Alzheimer's, Parkinson's, Huntington's and other neurological diseases. He earned his B.A. degree from Haverford College and his J.D. degree from Rutgers School of Law-Camden.

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Speaker bio
Peter L Ostermiller

Peter L. Ostermiller

Peter L. Ostermiller, Attorney at Law
Peter Ostermiller

is a sole practitioner concentrating in legal ethics and professional responsibility matters. In 1980 he obtained his license to practice law in Kentucky. His legal ethics and professional responsibility law practice began in the mid -1980s and, since the mid-1990s has been his practice concentration. He represents attorneys in disciplinary and reinstatement proceedings, judges in judicial ethics matters, and bar exam applicants. Mr. Ostermiller has also represented parties in attorney's fee dispute proceedings, and attorneys in legal proceedings in which sanctions have been sought against the attorney. He has represented parties in attorney disqualification proceedings and counseled lawyers and law firms in their respective rights, responsibilities and duties to other attorneys and their clients. He also serves as an expert witness at the state and federal level regarding legal ethics and professional responsibility matters. Mr. Ostermiller is a member of the Kentucky Bar Association, Louisville Bar Association and Association of Professional Responsibility Lawyers. Mr. Ostermiller earned his B.A. and J.D. degrees from the University of Louisville.

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In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
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The OnDemand Video will be available to stream within 7 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
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When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
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