Trusts, Estates & Probate

4.19

Advanced Use of LLCs in Trusts and Estates Practice

Credits Available
Credit Status Total
Alaska CLE Approved 6 Total
Alabama CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Montana CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
OnDemand
5 hours 56 minutes
Deb Bess Urbaitis
William Hayes
Steven Clark
Deshonda Charles
Richard Joyce
With Deb Bess Urbaitis from Courteous Law, PC + 4 others
Recorded January 24, 2024
Product ID 97902

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Overview

Master the Implementation of LLCs Into Your Estate Plans

The use of LLCs in estate planning is varied and complex. This advanced legal guide offers our faculty's hard-won tactics for guarding business clients from liability and structuring asset transfers in life and after death. Skip the basics and focus on the sophisticated tactics your clients need. Register today!

  • Power up your LLC planning skills and incorporate clients' businesses into estate plans.
  • Optimize the use of single-member and multi-member LLCs: determine when to use which structure.
  • Learn how to avoid probate and multistate proceedings through the use of LLCs.
  • Identify and eliminate problems in using LLCs for lifetime gifting.

This program was designed in conjunction with NBI's esteemed 2023-2024 Content Advisory Committee Member Louis Silverman.

Abbreviated Agenda

  1. Strategic Considerations in Using LLCs in Estate Plans
  2. Weaving Single and Multi-Member LLCs into Estate and Trust Planning
  3. Asset Protection Tips and Techniques
  4. Lifetime Gifting Tactics With LLCs
  5. Using LLCs to Avoid Probate (and Handling LLCs in Probate)
  6. Legal Ethics

Related Topics

Product ID 97902

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 6 Total
Alabama CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Montana CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Strategic Considerations in Using LLCs in Estate Plans

    1. For Liability Protection
    2. For Lifetime Asset Control and Management
    3. For Lifetime Giving
    4. For Tax Avoidance or Minimization Strategies
    5. For Avoidance of Probate

  2. Weaving Single and Multi-Member LLCs into Estate and Trust Planning

    1. Single-Member LLCs: Unique Challenges and Advantages
    2. Multi-Member LLCs
    3. Effectively Creating LLC Interests in Concert With Revocable Trust Planning for Probate Avoidance
    4. Key LLC Provisions for Estate Planning

  3. Asset Protection Tips and Techniques

    1. When is an LLC Advised for Asset Protection?
    2. Assets and Interests Particularly Suited for LLC
    3. Comparing LLCs to Other Asset Protection Devices
    4. Preventing Mistakes That Jeopardize Protection

  4. Lifetime Gifting Tactics With LLCs

    1. Lifetime Transfers Consistent With Gifting Intent
    2. Valuation Discounts through LLC Gifting
    3. Management Succession Through Family Gifting
    4. Troubleshooting Top Mistakes and Problems

  5. Using LLCs to Avoid Probate (and Handling LLCs in Probate)

    1. Transferring LLC Interests on Death Internally Through Operating Agreements, Buy-Out Plans, etc. Without Probate
    2. Use of Joint Tenancy Ownership to Avoid Probate
    3. Using LLCs for Specific Assets to Avoid Multistate Proceedings
    4. LLC Interests in the Probate Process - How to Value, How to Transfer
    5. Complications of LLC Interests in Probate

  6. Legal Ethics

    1. The Core Ethical Considerations in All Cases
      1. Competency
      2. Avoiding Conflicts of Interest
      3. Working With Clients of Questionable Capacity
      4. Acting Diligently
      5. Recognizing Continuing Client Obligations
    2. Recognizing When Conflicts of Interest Arise and How to Handle Them
    3. Ethical Considerations in Attorneys' Fees Related to LLCs and Estate Practices
    4. Fee Agreements - Essential and Optional Provisions
    5. Mechanisms to Implement Now to Successfully Defend Bar Complaints in the Future

Who Should Attend

This legal course is designed for attorneys. Paralegals will also benefit.

Speakers

Deb Bess Urbaitis
Deb Bess
Urbaitis
Courteous Law, PC
William R Hayes
William R.
Hayes
Hayes & Wilson, PLLC
Steven E Clark
Steven E.
Clark
Clark Firm PLLC
Deshonda P Charles
Deshonda P.
Charles
D. Charles Law Firm, PLLC
Richard J Joyce
Richard J.
Joyce
Nalli, Elias & Associates, P.C.
Speaker bio
Deb Bess Urbaitis

Deb Bess Urbaitis

Courteous Law, PC
Deb Bess Urbaitis

is a solo practitioner at Courteous Law PC in Henniker, New Hampshire. She focuses her practice in estate planning, business and family law, and has assisted clients with a variety of legal matters. Ms. Urbaitis was admitted to the New Hampshire Bar in 2002. She earned her undergraduate degree from Texas A&M University and her Juris Doctorate from Franklin Pierce Law Center. Ms. Urbaitis is a member of the New Hampshire Bar Association, American Bar Association, and is a member of the following sections, groups and committees: ABA Section of Real Property, Trusts and Estates, ABA Law Practice Division, ABA Solo and Small Firm Division, ABA Elder Law and Special Needs Planning Group, ABA Trust and Estates Practice Group, ABA General Practice Division and the New Hampshire Bar Family Law Trust and Estates sections.

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Speaker bio
William R Hayes

William R. Hayes

Hayes & Wilson, PLLC
William Hayes

is a partner in the law firm of Hayes & Wilson, PLLC. He is a frequent speaker on estate planning, wills and trusts, probate, charitable gifting, disability planning, elder law, and Medicaid. Mr. Hayes has served the Houston Bar Association as co-chair of the Elder Law Committee, and chair of the Fee Dispute Committee for which he was honored with the HBA Presidents Award. He is board-certified in estate planning and probate by the Texas Board of Legal Specialization. Mr. Hayes is a member of the State Bar of Texas, Houston Estate and Financial Forum, Houston Business and Estate Planning Council, Attorneys in Tax and Probate, and Disability and Elder Law Attorneys Association. He earned his B.B.A. and J.D. degrees from the Southern Methodist University.

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Speaker bio
Steven E Clark

Steven E. Clark

Clark Firm PLLC
Steven Clark

is the senior partner and founder of Clark Firm PLLC, where he concentrates his practice on business formation, contractual agreements and advice, business and commercial litigation, employment and labor law, general civil litigation, healthcare, and construction. Mr. Clark has lectured and written on subjects such as choice of business entity considerations, trade secrets, non-competition agreements, partnerships, construction law, employment law, Family and Medical Leave Act (FMLA), and the Fair Labor Standards Act (FLSA). He is also active in handling federal Department of Labor (DOL), state (TWC), and health integrity/ZPIC audits/investigations of employers and small businesses, and defending related litigation. Mr. Clark is licensed to practice before the U.S. Supreme Court, U.S. Court of Appeals Fifth Circuit and all federal and state courts in Texas. He earned his B.A. degree and J.D. degree, with honors, from the University of Houston. Mr. Clark was also certified as an arbitrator and mediator in 2022 by Mediators and Arbitrators Association.

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Speaker bio
Deshonda P Charles

Deshonda P. Charles

D. Charles Law Firm, PLLC
Deshonda Charles

, president and CEO of D. Charles Law Firm, PLLC, has over 20 years of experience practicing law in the areas of estate planning and probate litigation, family law, and employment discrimination litigation. She is licensed to practice law in the states of Texas, Louisiana, New York and Connecticut; before the U.S. District Court for the Southern District of Texas; and before the Court of Appeals for the Fifth Circuit. Ms. Charles is a member and past president of the Houston Lawyers Association, The Greater New Orleans Louis A. Martinet Society Legal Society, The National Bar Association, and The College of the State Bar of Texas. She earned her B.A. degree from Loyola University New Orleans and her J.D. degree from Tulane University Law School also in New Orleans

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Speaker bio
Richard J Joyce

Richard J. Joyce

Nalli, Elias & Associates, P.C.
Richard Joyce

is an attorney, of counsel with Nalli, Elias & Associates, P.C. His practice areas are contract law, contract drafting, review and negotiation; small business law, business formation and organizational documents; business governance and administration, as well as, dissolution and conflict management; and public governance, public ethics, government contracts, and infrastructure management and regulation. Mr. Joyce served as adjunct faculty at the University of Pittsburgh, teaching legal issues in public service. He is a member of the Beaver County and Pennsylvania bar associations. Mr. Joyce earned his B.S. degree from Indiana University of Pennsylvania, his J.D. degree from the Duquesne University School of Law and his MPPM degree from the University of Pittsburgh - Graduate School of Public and International Affairs (GSPIA).

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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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The OnDemand Video will be available to stream within 14 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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