AL Specific

Trusts, Estates & Probate

Live Online

Trusts in Alabama From A to Z

Credits Available
Credit Status Total
Alabama CLE Approved 6 Total
CPE for Accountants/NASBA Approved 7 Total
Live Online
6 hours
Christopher Denney
Sara Bragdon
P. David Matheny
Jennifer McInerney
With Christopher E. Denney from Silvermark CPAs & Advisors + 3 others

Wed, Dec 02, 00:00 AM – 00:00 PM

Product ID 102471

Register For Course

Course Includes
$489

Live Webinar Registration

OnDemand Recording

Course Book Download

Save $100 when you buy 2 or more seats!

OnDemand content will be available within 7 days of event date.

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. Simple Testamentary Trusts and Revocable Living Trusts
  3. Marital Trusts in a Nutshell
  4. Generation Skipping/Dynasty Trusts
  5. Tax Reduction with Trusts
  6. Special Needs Trusts (SNTs)
  7. Legal Ethics

Can't Attend Live?

Get the OnDemand Instead

Watch the recording of this event on your own schedule. We'll notify you when its ready.

Related Topics

Product ID 102471

Credit Details

Credits Available
Credit Status Total
Alabama CLE Approved 6 Total
CPE for Accountants/NASBA Approved 7 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. 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

  5. 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

  6. 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

  7. 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

Christopher E Denney
Christopher E.
Denney
Silvermark CPAs & Advisors
Sara G Bragdon
Sara G.
Bragdon
Akridge & Balch P.C.
P. David Matheny
P. David
Matheny
P. David Matheny, P.C.
Jennifer M McInerney
Jennifer M.
McInerney
McInerney Law
Speaker bio
Christopher E Denney

Christopher E. Denney

Silvermark CPAs & Advisors
Christopher Denney

, MPA, MST, CPA, CGMA, ABV, CVA, CM & AA, CFF, CEPA, IFRS, is the managing member with Silvermark CPAs & Advisors, where he has more than 20 years of consulting experience. He has represented three Big 4 accounting firms, some in tax leadership roles, and a Fortune 500 Company as a tax officer. Mr. Denney's strengths are in identifying tax planning opportunities and areas of tax risk, and some of his tax research has been nationally published. He is a member of the American Institute of Certified Public Accountants, and the ABV Section; Indiana CPA Society; National Association of Certified Valuation Analysts; and Ball State University Accounting Department Executive Advisory Council. Mr. Denney earned his B.S. degree in accounting from Ball State University and both of his M.S. degrees, in taxation and professional accountancy, from Indiana University.

View full profile
Speaker bio
Sara G Bragdon

Sara G. Bragdon

Akridge & Balch P.C.
Sara Bragdon

is an attorney and shareholder with the law firm of Akridge & Balch P.C., located in Auburn, AL, where her areas of practice include probate and litigation. She is a member of the Lee County Bar Association, Lee County Young Professionals, and the State Bar of Georgia. Ms. Bragdon is licensed to practice in Alabama and Georgia. She earned her B.A. degree from Auburn University and her J.D. degree from Faulkner Law.

View full profile
Speaker bio
P. David Matheny

P. David Matheny

P. David Matheny, P.C.
P. David Matheny

is a sole practitioner in Bay Minette, Alabama. He has been practicing law in Baldwin County for over 30 years. His practice is now focused on probate law, including probating estates, small estate planning, guardianships, and conservatorships. Mr. Matheny served as the first County Conservator for Baldwin County, Alabama. He often serves as court representative or guardian ad litem in numerous probate court proceedings. His past trial experience includes the prosecution of capital murder cases and child abuse cases, have served three times as an Assistant District Attorney. Mr. Matheny also served for many years as a part-time special assistant attorney general for the State of Alabama for child protection matters. He earned his B.S. degree from Mississippi State University and his J.D. degree from Mississippi College School of Law.

View full profile
Speaker bio
Jennifer M McInerney

Jennifer M. McInerney

McInerney Law
Jennifer McInerney

is an attorney with McInerney Law, where she assists individuals and families with a variety of important legal matters. Her primary practice areas include Wills and Trusts, Special Needs Planning, Estate Administration, Trust Administration, Business Succession Planning/Formation, Guardianships (and alternatives), and Conservatorships. 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 is a graduate and member of Leadership Birmingham (2022) and Leadership Shelby County (2012). Ms. McInerney is a proud graduate of Partners in Policymaking Alabama "PIPA" (2021). She is also a member of the Birmingham Bar, Solo/Small Firm Section of the Alabama State Bar, and the current Vice President of the Probate Section of the Birmingham Bar. Ms. McInerney is a graduate of the Birmingham Bar's Future Leaders Forum (2011). She is a member of the National Academy of Elder Law Attorneys and Special Needs Alliance. Ms. McInerney 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. She earned her J.D. degree from Indiana University School of Law and her LL.M. degree in taxation from Washington University in St. Louis. Ms. McInerney is licensed in Alabama, Utah, Oregon, and Mississippi.

View full profile
Loading recommendations...

TOP FAQs

How do I access my courses?
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.
Do you have options for attendees who are deaf or hard of hearing?
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.

Have more questions? Please Contact Us