IN Specific

Trusts, Estates & Probate

Step-by-Step Guide to Drafting Wills and Trusts in Indiana

Credits Available

There is no credit available on this course.
OnDemand
5 hours 55 minutes
Andrew Sumerford
Bret Clement
Lora Williams
Sam Thomas
Ellen Deeter
With Andrew M. Sumerford from Davis Sumerford Dietz + 4 others
Recorded October 08, 2024
Product ID 99120

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Overview

Complete With Essential Sample Forms, Tax Tactics, and Troubleshooting Solutions

Do you have all the information you need to draft customized testamentary documents for each of your clients? Don't spend years gathering precious bits of legal practice wisdom - our experienced attorney faculty are here to share their time-tested methods of identifying clients' needs and creating custom-tailored wills and trusts to fit each specific situation. This legal primer offers all the tools and sample forms to get you started. Get the fundamental skills you need to build your estate planning practice - register today!

  • Get practical will and trust drafting skills to speed up the process and give the testator's last wishes power.
  • Stave off conflicts of interest with a clear determination of who your client is from the start.
  • Learn how to deal with interested relatives who want to be present at all the planning meetings.
  • Explore the pros and cons of using a revocable living trust in the will's stead and find out when it's a better option.
  • Explore the functions and mechanics of major trust structures - and make certain you choose the right tool for each job.
  • Give each provision full power with precise word choices - get sample forms to speed up the process.
  • Make sure your remarried and unmarried clients know the default inheritance laws and help them make sure the right beneficiaries are assigned.
  • Anticipate key tax issues, including individual income tax planning and trust taxation.
  • Phrase the fiduciary and beneficiary designations to leave no room for misinterpretation.
  • Help your clients make the tough medical decisions regarding long-term care, end-of-life and organ donation.
  • Learn how to verify and document the testator's competency to close the door on any potential will contests.

Abbreviated Agenda

  1. Key Elements of Effective Wills
  2. Trusts as Alternatives to Wills
  3. Basic Tax Concerns
  4. Documenting Long-Term Care, Incapacity, and End-of-Life Decisions
  5. Planning for Unmarried and Remarried Couples
  6. Ethics

Related Topics

Product ID 99120

Credit Details

Credits Available

There is no credit available on this course.
Select Jurisdiction

Agenda

All times are shown in

  1. Key Elements of Effective Wills

    1. Establishing Statutory Framework
    2. Types of Wills
    3. Verifying and Documenting the Testator's Competency
    4. Beneficiary Designations in Retirement Plans and Life Insurance
    5. Pension Distributions During and After Life
    6. Titling Assets
    7. Designating Fiduciaries
    8. Planning for Disabled Children
    9. Sample Will Verbiage
    10. Sample Forms
    11. Updating Will Documents

  2. Trusts as Alternatives to Wills

    1. When to Recommend a Trust Over a Will
    2. Types and Functions of Trusts
    3. Selecting Trustee(s)
    4. Choosing Trust Situs
    5. Trust Funding Basics
    6. Sample Forms

  3. Basic Tax Concerns

    1. Trust Taxation Basics
    2. Individual Income Taxes – Issues You Need to Look At
    3. Estate, Gift and Generation Skipping Transfer Tax Basics
    4. Disclaimer v. Clayton Trusts
    5. Tax Updates – Legislation and Case Law

  4. Documenting Long-Term Care, Incapacity, and End-of-Life Decisions

    1. Basic Medicaid Planning
    2. Long-Term Care Options and Planning in a Nutshell
    3. Advance Medical Directives
    4. Powers of Attorney
    5. DNR Orders and Organ Donation Considerations

  5. Planning for Unmarried and Remarried Couples

    1. Pre- and Post-Marital Agreements
    2. Planning for Children From Previous Marriage(s)
    3. Estate Planning for Same Sex Couples

  6. Ethics

    1. Defining Who Your Client Is From the Start
    2. Handling Clients With Diminishing Mental Capacity
    3. Lawyers Acting as Fiduciaries
    4. Practicing Before the IRS
    5. Conflicts of Interest

Who Should Attend

This basic level online seminar offers foundational will and trust drafting skills that will benefit attorneys, paralegals, trust officers and personal representatives, estate planners, accountants and CPAs and tax professionals.

Speakers

Andrew M Sumerford
Andrew M.
Sumerford
Davis Sumerford Dietz
Bret S Clement
Bret S.
Clement
Ayres Carr & Sullivan, P.C.
Lora N Williams
Lora N.
Williams
Williams Law Office, PC
Sam Thomas III
Sam
Thomas, III
Sam Thomas III Esquire & Associates
Ellen M Deeter
Ellen M.
Deeter
Deeter Law LLC
Speaker bio
Andrew M Sumerford

Andrew M. Sumerford

Davis Sumerford Dietz
Andrew Sumerford

is an attorney with Davis Sumerford Dietz, where he practices in the areas of insurance defense, estate planning, probate, family law, construction law, and general civil practice. Mr. Sumerford earned his B.S. degree from Indiana University and his J.D. degree from Indiana University School of Law - Indianapolis. He is a member of the Indiana State Bar Association.

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Speaker bio
Bret S Clement

Bret S. Clement

Ayres Carr & Sullivan, P.C.
Bret Clement

is a shareholder of the Indianapolis law firm of Ayres Carr & Sullivan, P.C., where his practice focuses on estate and business planning, taxation, and commercial litigation. As an adjunct professor of law, Mr. Clement previously taught the estate and gift tax course at Indiana University School of Law. He wrote the sales and use tax, gross income tax, inheritance tax, and property tax explanations for the Indiana Section of Research Institute of America's State and Local Tax Service. Mr. Clement earned his B.B.A. degree, with high honors, from the University of Notre Dame and his J.D. degree, cum laude, from the University of Michigan. He is a member of the Indiana State Bar Association and is admitted to practice law in Indiana.

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Speaker bio
Lora N Williams

Lora N. Williams

Williams Law Office, PC
Lora Williams

is sole owner of Williams Law Office, PC near Greensburg, Indiana, where her primary focus is estate and business planning. She also maintains a creditor collections practice in central Indiana. Ms. Williams is a frequent presenter for National Business Institute, and has previously taught business law courses at Indiana Wesleyan University and Butler University. She earned her B.A. degree from Purdue University, her J.D. degree from Syracuse University and her Master in Public Administration Degree from Syracuse University. Ms. Williams is a member of the Indiana State Bar Association and the Decatur County Bar Association.

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Speaker bio
Sam Thomas III

Sam Thomas, III

Sam Thomas III Esquire & Associates
Sam Thomas

is an attorney with Sam Thomas III Esquire & Associates. He has practiced for 26 years in the areas of probate, foreclosure prevention, tax resolution, bankruptcy and debt relief. Currently, his practice focuses on Estate Planning. Mr. Thomas earned his B.A. degree from Cleveland State University, his M.S. degree from Indiana University and his J.D. degree from Cleveland Marshall College of Law.

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Speaker bio
Ellen M Deeter

Ellen M. Deeter

Deeter Law LLC
Ellen Deeter

is of counsel with the law firm of Dale & Eke, P.C. Her practice is focused on estate planning and administration; estate, trust, and elder law mediation; expert witness services in trust and estate litigation matters; and consulting services for fiduciaries. Prior to going into the private practice of law Ms. Deeter spent 35 years working for bank trust departments, where she worked in a variety of roles, including trust and estate administration, fiduciary income taxation, estate and gift taxation, and as in-house trust counsel. The last 18 years of her trust department career were spent with The National Bank of Indianapolis, from which she retired in 2013. Ms. Deeter is admitted to practice in the state of Indiana and the U.S. District Court, Southern District of Indiana. She earned her B.A. degree, magna cum laude, from the University of Notre Dame; and her J.D. degree, magna cum laude, from Indiana University School of Law at Indianapolis (now known as the Indiana University Robert H. McKinney School of Law). In addition to being an attorney and a registered civil mediator, Ms. Deeter obtained her CERTIFIED FINANCIAL PLANNER™ certification in 1984 and her CERTIFED TRUST and FINANCIAL ADVISOR™ designation in 1992, both of which she maintained until 2022.

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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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