Trusts, Estates & Probate

WA Specific

Live Online

Trusts in Washington From A to Z

Credits Available
Credit Status Total
Financial Planners Approved 8 Total
Washington CLE Approved 6.75 Total
Washington CPE for Accountants Approved 8 Total
CPE for Accountants/NASBA Approved 8 Total
Live Online
6 hours 40 minutes
R. Lance Pruitt
Diane Kiepe
Zachary Ashby
With R. Lance Pruitt from R. Lance Pruitt + 2 others

Thu, Aug 27, 00:00 AM – 00:00 PM

Product ID 102115

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$489

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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. Tax Planning Strategies and Techniques Using Trusts
  3. Special Needs Trusts (SNTs)
  4. Legal Ethics
  5. Simple Testamentary Trusts and Revocable Living Trusts
  6. Marital Trusts in a Nutshell
  7. Other Trust Structures and Issues

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Related Topics

Product ID 102115

Credit Details

Credits Available
Credit Status Total
Financial Planners Approved 8 Total
Washington CLE Approved 6.75 Total
Washington CPE for Accountants Approved 8 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. Tax Planning Strategies and Techniques Using Trusts

    1. Spousal Lifetime Access Trust (“SLAT”)
    2. Section 529 College Savings Plans (which function similar to trusts)
    3. Irrevocable Life Insurance Trusts

  3. 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

  4. 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

  5. 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

  6. 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. Underfunded Trusts After First Death
    5. Exceptions to the Rules
    6. Handling Dysfunctional Client Families

  7. Other Trust Structures and Issues

    1. IRA Trusts
    2. Pet Trusts
    3. Medicaid Trusts
    4. Asset Protection Trusts

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

R. Lance Pruitt
R. Lance
Pruitt
R. Lance Pruitt
Diane J Kiepe
Diane J.
Kiepe
Kiepe Estate and Probate, PLLC
Zachary C Ashby
Zachary C.
Ashby
Pacific Northwest Family Law
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
Diane J Kiepe

Diane J. Kiepe

Kiepe Estate and Probate, PLLC
Diane Kiepe

is an attorney at Kiepe Estate and Probate, PLLC. She practices in the areas of wills, trusts, wealth transfer (including charitable gifting), probate and tax. Ms. Kiepe earned her undergraduate degree and J.D. degree from Memphis State University, and her LL.M. degree in taxation from the University of Miami. She is a long-time member of the Spokane Estate Planning Council and a member to the Spokane Chapter of Financial Planning Association. Ms. Kiepe is a member of the newly created Elder, Disability, Estate Planning Section of the Spokane County Bar Association. 

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Speaker bio
Zachary C Ashby

Zachary C. Ashby

Pacific Northwest Family Law
Zachary Ashby

is a partner at Pacific Northwest Family Law where he focuses his practice on family law. He received his bachelor's degree from Brigham Young University and a doctorate in Iberian and Latin American cultures from Stanford University. Mr. Ashby then received his J.D. degree from J. Reuben Clerk Law School at Brigham Young University. He is admitted to practice law in Washington.

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Courses are available within your account. Simply login to your account and click on My Courses. If you require additional assistance please call our Customer Service Department at 800-930-6182.
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Closed captioning is available for all Live Webinars. After you've joined the event room, you can enable closed captioning by clicking the "cc" button in the lower right of the player.
What happens if my course is cancelled?
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.
When will the OnDemand be available and how long will I have access to the content?
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.
What is included with my course purchase?
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.
Will I receive a certificate of completion?
Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
Can multiple people watch courses and request credit?
While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

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