CA Specific

Trusts, Estates & Probate

4.14

Trusts in California From A to Z

Credits Available
Credit Status Total
California CLE Approved 6.75 Total
OnDemand
6 hours 42 minutes
Ali Talai
Dawn Stark
Christine Beraldo
Larry Dushkes
Vanessa Terzian
With Ali Talai from Talai Law Offices + 4 others
Recorded June 21, 2024.
Product ID 98350

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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.
  • 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. Tax Reduction with Trusts
  4. Grantor Trusts
  5. Marital Trusts in a Nutshell
  6. Other Trust Structures and Issues
  7. Generation Skipping/Dynasty Trusts
  8. Charitable Trusts
  9. Special Needs Trusts (SNTs)
  10. Legal Ethics

Related Topics

Product ID 98350

Credit Details

Credits Available
Credit Status Total
California CLE Approved 6.75 Total
Select Jurisdiction
CLE

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. 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

  4. Grantor Trusts

    1. Types of Grantor Trusts and When They are Used
    2. Intentionally Defective Grantor Trusts
    3. Tax Planning, Requirements, and Consequences
    4. Trustee Powers and Duties
    5. Grantor Trust Status and Reporting
    6. Exceptions to the Rules
    7. Sample Trust Language

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

Ali Talai
Ali
Talai
Talai Law Offices
Dawn Stark
Dawn
Stark
Stark Legal Enterprises Inc.
Christine F Beraldo
Christine F.
Beraldo
Christine F. Beraldo, Attorney at Law
Larry S Dushkes
Larry S.
Dushkes
Dushkes Law Corporation
Vanessa M Terzian
Vanessa M.
Terzian
Lagerlof, LLP
Speaker bio
Ali Talai

Ali Talai

Talai Law Offices
Ali Talai

is the owner of Talai Law Offices located in Los Angeles, California. He provides sophisticated estate and tax planning strategies advise to physicians, real estate investors, and high-net-worth individuals and their families, as well develops interfamily wealth transfer strategies for closely held businesses. He is a board member of the Make-A-Wish Foundation of the Tri-Counties. Mr. Talai earned his J.D. degree from Southern California Institute of Law and his LL.M. degree in taxation from Villanova University Charles Widger School of Law. He is licensed to practice in California.

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Speaker bio
Dawn Stark

Dawn Stark

Stark Legal Enterprises Inc.
Dawn Stark

is an attorney at Stark Legal Enterprises Inc. in Laguna Niguel, California. Her practice is highly concentrated in comprehensive estate planning. Apart from document preparation that reflect estate planning strategies and solutions, Ms. Stark's practice includes probate, trust administration, trust litigation, and real property appeals. Additionally, she is an attorney accredited with the Veteran's Administration. Ms. Stark routinely participates in tax law training courses, as well as continuing her annual legal education in estate planning. For five years she was a professor of law, teaching business associations at Pacific Coast School of Law. In 2014, Ms. Stark co-authored the book Don't Go Broke In A Nursing Home, Orange County ed. In addition, she has been a guest speaker at numerous educational forums and seminars, and has appeared on local radio shows. Ms. Stark earned her B.A. degree from the University of Central Florida and her J.D. degree from Whittier College School of Law.

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Speaker bio
Christine F Beraldo

Christine F. Beraldo

Christine F. Beraldo, Attorney at Law
Christine Beraldo

is a sole practitioner in San Jose, California, where she practices in the areas of estate planning, including trusts and estates, wills, probate and conservatorships, and criminal defense. Ms. Beraldo earned her B.A. degree from Notre Dame de Namur University and her J.D. degree from the University of Santa Clara.

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Speaker bio
Larry S Dushkes

Larry S. Dushkes

Dushkes Law Corporation
Larry Dushkes

is the owner of the Dushkes Law Corporation in Westlake Village, California. He practices in the areas of trusts, estates and wills, including probates, will and trust contests and conservatorships. Mr. Dushkes is a certified specialist in estate planning, trust and probate law (State Bar of California). He earned his A.B. degree from Stanford University and his J.D. degree from University of California, Los Angeles School of Law.

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Speaker bio
Vanessa M Terzian

Vanessa M. Terzian

Lagerlof, LLP
Vanessa Terzian

is an attorney with Lagerlof, LLP, focusing her practice in estate and tax planning, asset protection, elder law, probate and trust administration. She also draws on her real estate and business background in crafting comprehensive plans for her clients. Ms. Terzian is a skilled public speaker, having conducted countless seminars throughout her legal career on various topics of estate planning; including special needs planning, advanced tax planning, and asset protection for individuals and small businesses. She is a faculty member at the Institute for Preparing Heirs and an adjunct professor of wills and trusts at Southwestern Law School. Ms. Terzian earned her bachelor's degree, magna cum laude, from the University of California San Diego and her law degree from Loyola Law School (dean's honors list).

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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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