Trusts, Estates & Probate

WA Specific

4.07

Trusts in Washington From A to Z

Credits Available
Credit Status Total
Tennessee CLE Approved 6.7 Total
Washington CLE Approved 6.75 Total
OnDemand
6 hours 33 minutes
David Shotwell
Julie Olds
M. Geoffrey Jones
Robyn Hicks-Guinn
R. Lance Pruitt
With David B. Shotwell from David Shotwell PLLC + 4 others
Recorded October 15, 2024
Product ID 99104

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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 Principles
  2. Tax Planning Strategies and Techniques Using Trusts
  3. Special Needs Trusts (SNTs)
  4. Simple Testamentary Trusts and Revocable Living Trusts
  5. Marital Trusts in a Nutshell
  6. Other Trust Structures and Issues
  7. Legal Ethics

Related Topics

Product ID 99104

Credit Details

Credits Available
Credit Status Total
Tennessee CLE Approved 6.7 Total
Washington CLE Approved 6.75 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. What are Trusts-Main Principles

    1. Trust Components and Roles of Key Parties
    2. Basic Categories of Trusts
    3. Duties, Responsibilities and Powers of the Trustee
    4. Reasons for Trust Planning
    5. Trustee Selection – options to consider
    6. Determining Your Client’s Planning Needs

  2. Tax Planning Strategies and Techniques Using Trusts

    1. Spousal Lifetime Access Trust (“SLAT”)
    2. Section 529 College Savings Plans (which function similar to trusts)
    3. Irrevocable Life Insurance Trusts

  3. 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

  4. 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

  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. 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

David B Shotwell
David B.
Shotwell
David Shotwell PLLC
Julie H Olds
Julie H.
Olds
Law Office of Julie H. Olds, PLLC
M. Geoffrey G Jones
M. Geoffrey G.
Jones
Newton Kight LLP
Robyn Hicks-Guinn
Robyn
Hicks-Guinn
Hicks-Guinn Law
R. Lance Pruitt
R. Lance
Pruitt
R. Lance Pruitt
Speaker bio
David B Shotwell

David B. Shotwell

David Shotwell PLLC
David Shotwell

earned his Juris Doctorate from Gonzaga University School of Law. Since 2005, David has owned and his operated his own practice in the areas of Elder Law, Probate, Wills/Estates & Trusts, Guardianships, Medicaid & Long-Term Care Planning, and all forms of Litigation arising out of those practices. He is a frequent lecturer at continuing legal education courses for Attorneys, Accountants, and Paralegals. In addition to operating his practice, David is the Program Director of the Paralegal program and a full time Paralegal Instructor at Spokane Community College in Spokane, Washington. David has published a book on estate administration. Principles of Wills, Trusts, & Estate Administration. Innovative Ink Publishing. 2023. Print ISBN: 979-8-7657-8603-1. eBook ISBN: 979-8-7657-8604-8.

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Speaker bio
Julie H Olds

Julie H. Olds

Law Office of Julie H. Olds, PLLC
Julie Olds

is a solo practitioner in Spokane, Washington at the Law Office of Julie H. Olds, PLLC. Her practice areas include wills, trusts, probate, elder law, corporate and not for profit law. Ms. Olds is a member of the Washington State Bar Association and the Spokane Estate Planning Counsel. She has a LL.M. degree in taxation from the University of Florida School of Law.

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Speaker bio
M. Geoffrey G Jones

M. Geoffrey G. Jones

Newton Kight LLP
M. Geoffrey Jones

is managing partner in the Everett firm of Newton Kight LLP. He has a general practice, concentrating primarily in the areas of elder law and guardianships. Mr. Jones' practice emphasizes probate, guardianship and estate planning, and other areas relating to elder law. He previously worked as an assistant attorney general for the Washington State Attorney General's Office in Olympia, where he represented several state agencies in civil matters, including the Department of Employment Security, Department of General Administration, and Department of Information Systems. Mr. Jones is a member of the Washington State Bar Association. He earned his B.A. degree from The Evergreen State College and his J.D. degree from the University of Oregon.

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Speaker bio
Robyn Hicks-Guinn

Robyn Hicks-Guinn

Hicks-Guinn Law
Robyn Hicks-Guinn

is the managing attorney at Hicks-Guinn Law, PLLC in Charlotte, North Carolina. She assists individuals and small business owners, and enjoys counseling families and individuals in estate planning, estate administration, business succession planning, and real estate matters. Ms. Hicks-Guinn also advises businesses as general corporate counsel, and advocates for victims in personal injury and workers' compensation cases. She serves on numerous committees with the Mecklenburg County Bar Association, has been appointed to the General Contracting and Licensing Board for the State of North Carolina, and served on the City of Raleigh Human Relations Commission, as well as several civic and philanthropic organizations across the state. Ms. Hicks-Guinn earned her B.S. degree from the University of North Carolina at Chapel Hill and her J.D. degree from North Carolina Central University School of Law. She is admitted to practice in North Carolina and U.S. District Court for the Western District.

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Speaker bio
R. Lance Pruitt

R. Lance Pruitt

R. Lance Pruitt
R. Lance Pruitt

provides consultation and solutions to clients in the areas of estate planning, asset protection and business succession planning. Prior to his current employment, Mr. Pruitt practiced law for several years, concentrating his practice in the areas of estate and tax planning, tax litigation, estate administration and corporate law. He also is an adjunct professor at Tusculum College. Mr. Pruitt earned his B.S. degree from The University of Tennessee at Knoxville, his J.D. degree from Southern Illinois University School of Law, and his LL.M. degree from the University of Missouri-Kansas City.

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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 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.
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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