NV Specific

Trusts, Estates & Probate

Nevada Trusts 101

Credits Available
Credit Status Total
Nevada CLE Approved 6.5 Total
NALA Approved 6.6 Total
OnDemand
6 hours 35 minutes
Clayton Leonard
Brian Steadman
Kiera Sears
Jennifer McInerney
With Clayton R. Leonard + others
Recorded December 08, 2023
Product ID 97533

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Overview

Provide your clients with the full spectrum of wealth preservation options.

When assessing complex information, it often helps to break items into basic building blocks. The same approach can be successful when dealing with asset protection. Be prepared for specific challenges associated with various types of trusts by understanding their unique characteristics. Our intensive full-day primer will provide you with a comprehensive overview of the wide variety of trusts available. Register today!

  • Determine what role the settlor will play by weighing the pros and cons of establishing an irrevocable trust over a revocable trust.
  • Learn what not to do when selecting and drafting a revocable trust to avoid common mistakes.
  • Learn how to choose the most beneficial vehicle for preserving your client's wealth: understand the purpose behind the various types of irrevocable trusts.
  • Explore the powers and duties of personal representatives in irrevocable trusts.
  • Save money on taxes with effective use of defective trusts.
  • Learn why it's important to know when to file the tax return for grantor trusts.
  • Determine whether a client qualifies as a beneficiary of a special needs trust.
  • Don't reinvent the wheel - modify our sample trust documents and use our drafting tips to create airtight trusts.

Abbreviated Agenda

  1. Where to Begin? - An Overview of Trusts
  2. Revocable Living Trusts
  3. Trusts Used for Tax Reduction
  4. Grantor Trusts
  5. Estate Planning for Individuals with Disabilities
  6. Ethical Considerations

Related Topics

Product ID 97533

Credit Details

Credits Available
Credit Status Total
Nevada CLE Approved 6.5 Total
NALA Approved 6.6 Total
Select Jurisdiction
CLE
Paralegal

Agenda

All times are shown in

  1. Where to Begin? - An Overview of Trusts

    1. Main Terms Defined
    2. Major Laws Governing Creation and Administration of Trusts
    3. Who Are the Main Parties? Their Duties and Responsibilities to a Trust
    4. Revocable vs. Irrevocable
    5. Determining Your Client's Planning Needs
    6. Reasons for Drafting a Trust
    7. Deciding Which Type of Trust to Use

  2. Revocable Living Trusts

    1. Traditional Estate Planning vs. Revocable Trust Planning
    2. Credit Shelter Trusts
    3. Marital Deduction Trusts
    4. Qualified Terminable Interest Trusts (QTIPs)
    5. Funding the Trust
    6. Drafting Tips and Samples
    7. Common Mistakes to Avoid
    8. Tax Consequences

  3. Trusts Used for Tax Reduction

    1. Charitable Remainder Trusts
    2. Qualified Domestic Trusts
    3. Qualified Personal Residence Trusts (QPRTs)
    4. Defective Trusts
    5. Education Trusts for Children and Grandchildren
    6. Generation Skipping Trusts
    7. Funding the Trust

  4. Grantor Trusts

    1. What Grantor Trusts are Used for
    2. Types of Grantor Trusts
    3. Provisions Triggering Grantor Trust Status
    4. Funding the Grantor Trust - Who Is the Grantor?
    5. Drafting Tips and Samples
    6. Taxation Considerations - When to File the Return?
    7. Administrative Power

  5. Estate Planning for Individuals with Disabilities

    1. The Types of Special Needs Trusts and Their Specific Purposes
    2. Who Can Be the Beneficiary
    3. Drafting Tips and Samples

  6. Ethical Considerations

    1. Who is Your Client?
    2. Confidentiality in Third Party Communications
    3. Assessing The Client's Capacity
    4. Avoiding Fraudulent Transfers

Who Should Attend

This basic level online seminar is designed for the professionals involved in creating, administering, and terminating trusts:

  • Attorneys
  • Accountants and CPAs
  • Trust Officers
  • Financial Planners
  • Tax Professionals
  • Paralegals

Speakers

Clayton R Leonard
Clayton R.
Leonard
Brian K Steadman
Brian K.
Steadman
Solomon Dwiggins Freer & Steadman
Kiera Sears
Kiera
Sears
Joey Gilbert Law
Jennifer M McInerney
Jennifer M.
McInerney
McInerney Law
Speaker bio
Clayton R Leonard

Clayton R. Leonard

Clayton Leonard

is a partner at law office of Robert L. Bolick, Ltd. in Las Vegas, Nevada. He focuses in the areas of estate planning, business planning, asset protection, probate and trust administration. Mr. Leonard is admitted to practice in both Nevada and Hawaii, and is a member of WealthCounsel. He earned his B.S. degree in exercise science from Brigham Young University and his J.D. degree from The University of Toledo College of Law.

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Speaker bio
Brian K Steadman

Brian K. Steadman

Solomon Dwiggins Freer & Steadman
Brian Steadman

is a partner with the law firm of Solomon Dwiggins Freer & Steadman, Ltd., where he concentrates his practice in estate planning, business planning, probate administration, trust administration and asset protection. Mr. Steadman earned his B.A. degree from the University of Utah and his J.D. degree, cum laude, from Creighton University, where his studies concentrated in the areas of taxation and business law. He is licensed to practice law in all state and federal courts in Nevada. Mr. Steadman is a member of the American Bar Association, Clark County Bar Association and State Bar of Nevada.

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Speaker bio
Kiera Sears

Kiera Sears

Joey Gilbert Law
Kiera Sears

is a legal executive at Joey Gilbert Law, who specializes in legal research and technical writing; specifically pertaining to statutory analysis, drafting, patent research, government agencies, topic-specific white papers, operating procedures, and the application, licensure, buildout and oversight of legal cannabis and industrial hemp facilities within the United States. Ms. Sears earned her B.A. degree from the University of Nevada, Reno and her J.D. degree from the William S. Boyd School of Law.

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Speaker bio
Jennifer M McInerney

Jennifer M. McInerney

McInerney Law
Jennifer McInerney

is an attorney with Parmer Law, where her practice is focused in estate planning, primarily for families with special needs children. She is licensed to practice in Alabama and Mississippi. 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, member of the Board of Directors for the Shelby Humane Society and member of the Board of Directors for 25:35. She 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. Ms. McInerney earned her J.D. degree from Indiana University School of Law and her LL.M. degree in taxation from Washington University in St. Louis.

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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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