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Trusts, Estates & Probate

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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
Ben Tiefenback
Jennifer Rohleder
Joseph Kirchgessner
Terri Atkins Wilson
Christopher Woodruff
With Ben Tiefenback from Commonwealth Community Trust + 5 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

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
Terri Atkins Wilson
Terri Atkins
Wilson
Terri Atkins Wilson, P.C.
Christopher S Woodruff
Christopher S.
Woodruff
Smith Pugh & Nelson, PLC
CL
Christian
Lewis
Commonwealth Community Trust
Speaker bio
Ben Tiefenback

Ben Tiefenback

Commonwealth Community Trust
Ben Tiefenback

is Counsel and Director of Communications at Commonwealth Community Trust. Prior to joining CCT, he was a trust and estate attorney in Virginia. 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. In addition to his law degree, he holds an LL.M. in tax law. Mr. Tiefenback currently serves as Vice President of the Alliance of Pooled Trusts, as a member of the Special Needs Alliance, and on the Board of Directors of the Society of Settlement Planners. He also writes articles for publications, including NAELA News, and speaks at CLE seminars and various conferences across the country.

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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. 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
Terri Atkins Wilson

Terri Atkins Wilson

Terri Atkins Wilson, P.C.
Terri Atkins Wilson

is the principal with Terri Atkins Wilson & Associates, PC, where her practice includes wills, trusts, real estate, corporate law, and business formation. She is licensed to practice law in the Commonwealth of Virginia. She is a member of the 10th Circuit Judicial Bar Association (treasurer) and the Farmville Area Attorneys’ Bar Group. Ms. Wilson earned her B.S. degree from the E. C. Robins School of Business, University of Richmond; and her J.D. degree from T. C. Williams School of Law, University of Richmond School of Law. 

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Speaker bio
Christopher S Woodruff

Christopher S. Woodruff

Smith Pugh & Nelson, PLC
Christopher Woodruff

is an attorney at Smith Pugh & Nelson, PLC. His areas of practice include Trust and Estate Planning, Probate, Estate and Trust Administration, Beneficiary Representation, and Business and Corporate Law. Mr. Woodruff earned his B.A. degree from Baylor University and his J.D. degree from Georgetown University Law Center. He is admitted to practice law in Virginia.

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Speaker bio
CL

Christian Lewis

Commonwealth Community Trust
Christian Lewis

serves as Counsel and Director of Trust Onboarding at Commonwealth Community Trust, a non-profit pooled trust administrator that has served over 3,500 beneficiaries across the United States who are vulnerable or have a disability. Before joining CCT, he was a partner at a personal injury law firm, litigating thousands of plaintiff’s personal injury cases over a twenty-year career. Mr. Lewis also was the director of marketing for the firm, overseeing all aspects of the media, digital, and non-digital campaigns. He was a long-time member of the Maine Trial Lawyers Association, Board of Governors, serving as President 2020-2021. During his career as a trial attorney, Mr. Lewis provided pro bono services to those who could not afford them and served on the Maine Volunteer Lawyers Project (VLP) Board of Directors executive committee for a decade. He was named the VLP Volunteer of the Year for 2020. Prior to his legal career, Mr. Lewis was an Intelligence Analyst for the Department of Justice, supporting large scale criminal investigations. He earned his Bachelor of Arts degree from James Madison University, a Master’s Degree from the National Intelligence University, and his Juris Doctor degree from Duquesne University School of Law.

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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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