Trusts, Estates & Probate

VA Specific

Live Online

Trusts in Virginia From A to Z

Credits Available
Credit Status Total
Financial Planners Approved 8 Total
Virginia CLE Approved 6.5 Total
CPE for Accountants/NASBA Approved 8 Total
Live Online
6 hours 40 minutes
John Burton
Ben Tiefenback
Jennifer Rohleder
Joseph Kirchgessner
Sean Murphy
With John S. Burton from J.S. Burton, P.L.C. + 4 others

Wed, Sep 30, 00:00 AM – 00:00 PM

Product ID 102128

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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.
  • 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. Simple Testamentary Trusts and Revocable Living Trusts
  3. Marital Trusts in a Nutshell
  4. Other Trust Structures and Issues
  5. Generation Skipping/Dynasty Trusts
  6. Charitable Trusts
  7. Special Needs Trusts (SNTs)
  8. Legal Ethics

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Related Topics

Product ID 102128

Credit Details

Credits Available
Credit Status Total
Financial Planners Approved 8 Total
Virginia 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. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

John S Burton
John S.
Burton
J.S. Burton, P.L.C.
Ben Tiefenback
Ben
Tiefenback
Commonwealth Community Trust
Jennifer M Rohleder
Jennifer M.
Rohleder
Dunlap Bennett & Ludwig PLLC
Joseph M Kirchgessner
Joseph M.
Kirchgessner
Cornerstone Law Group, PLLC
Sean Murphy
Sean
Murphy
Commonwealth Community Trust
Speaker bio
John S Burton

John S. Burton

J.S. Burton, P.L.C.
John Burton

is an attorney at J.S. Burton, P.L.C. He focuses his practice on estate planning, asset protection, business and elder law. Mr. Burton is a member of the Financial Planning Association, Virginia Wesleyan Corporate Leader's Council, and the Hampton Roads Estate Planning Council. He is admitted to practice in all courts within the Commonwealth of Virginia, District of Columbia, Eastern Virginia United States District Court, U.S. Court of Appeals for the Fourth Circuit, United States Tax Court, and is an accredited attorney representative with the U.S. Veterans Administration.

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Speaker bio
Ben Tiefenback

Ben Tiefenback

Commonwealth Community Trust
Ben Tiefenback

is counsel and director of client services at Commonwealth Community Trust, a non-profit pooled trust administrator that has served over 3,000 beneficiaries across the United States who are vulnerable or have a disability. Prior to joining CCT, he was a trust and estate attorney at Sands Anderson PC and TrustBuilders Law Group. Mr. Tiefenback's practice focused on estate planning and trust creation and administration, with an emphasis on special needs trust planning due to his personal experiences with special needs issues in his family. He currently serves on the board of directors of the Alliance of Pooled Trusts (APT), the first coalition in the United States dedicated to uniting Pooled Trust providers in establishing best practices for the industry. Mr. Tiefenback is admitted in Virginia.

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Speaker bio
Jennifer M Rohleder

Jennifer M. Rohleder

Dunlap Bennett & Ludwig PLLC
Jennifer Rohleder

is a partner at Dunlap Bennett & Ludwig PLLC. She specializes in corporate transactions, capital raising, strategic business counseling, and estate planning for entrepreneurs and business owners. Ms. Rohleder brings over 17 years of legal expertise, advising businesses on complex transactions, growth strategies, and financial structuring. She earned her B.S. degree from Worcester Polytechnic Institute, her J.D. degree from American University, and her M.A. degree from Whitworth College. Ms. Rohleder is admitted to practice law in Virginia, the District of Columbia, and before the U.S. District Court for the Eastern District of Virginia.

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Speaker bio
Joseph M Kirchgessner

Joseph M. Kirchgessner

Cornerstone Law Group, PLLC
Joseph Kirchgessner

is an attorney at Cornerstone Law Group, PLLC. He focuses his practice on family law, estate planning, and general law. Mr. Kirchgessner earned his B.A. degree from Christopher Newport University and his J.D. degree from Saint Louis University School of Law. He is a member of the Virginia State Bar, Virginia Trial Lawyers Association, Fredericksburg Area Bar Association, Metropolitan Washington Employment Lawyers Association, and a board member of the Ron Rosner YMCA in Spotsylvania, Virginia. Mr. Kirchgessner is admitted to practice law in Virginia and before the U.S. District Court, Eastern District of Virginia.

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Speaker bio
Sean Murphy

Sean Murphy

Commonwealth Community Trust
Sean Murphy

is an attorney at Commonwealth Community Trust. He brings to the organization more than two decades of legal experience spanning insurance, healthcare, and risk-management matters. For the past eleven years, Mr. Murphy has served the Commonwealth of Virginia as a senior assistant attorney general, representing multiple healthcare agencies. He has also served as an adjunct professor of Legal Environment of Business at Virginia Commonwealth University for the past three years. Mr. Murphy earned his Bachelor of Arts degree from James Madison University and his Juris Doctor degree from George Mason University School of Law. He is admitted to practice law in Virginia.

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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.
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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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