GA Specific

Trusts, Estates & Probate

Georgia Trusts 101

Credits Available
Credit Status Total
Georgia CLE Approved 6.5 Total
OnDemand
6 hours 35 minutes
James Miskell
Margaret Miller
David McGuffey
With James M. Miskell from Estate Planning Law Group of Georgia, James M. Miskell P.C. + 2 others
Recorded July 24, 2024
Product ID 99140

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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 99140

Credit Details

Credits Available
Credit Status Total
Georgia CLE Approved 6.5 Total
Select Jurisdiction
CLE

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

James M Miskell
James M.
Miskell
Estate Planning Law Group of Georgia, James M. Miskell P.C.
Margaret L Miller
Margaret L.
Miller
Scroggin & Burns, LLC
David L McGuffey
David L.
McGuffey
Elder Law Practice of David L. McGuffey, LLC
Speaker bio
James M Miskell

James M. Miskell

Estate Planning Law Group of Georgia, James M. Miskell P.C.
James Miskell

is a principal in the Estate Planning Law Group of Georgia, James M. Miskell P.C., where he concentrates his practice in wills, trusts, estate planning, probate and elder law. He has litigated in nearly all courts in Georgia, including municipal, state and recorder’s court, probate court, superior court, Court of Appeals, Georgia Supreme Court, and federal courts. Mr. Miskell earned his B.S. degree from Clemson University and his J.D. degree from the University of Georgia School of Law. He is a member of the State Bar of Georgia (member, Fiduciary Law Section) and Lawyers with Purpose.

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Speaker bio
Margaret L Miller

Margaret L. Miller

Scroggin & Burns, LLC
Margaret Miller

is an attorney with the law firm of Scroggin & Burns, LLC in Roswell, Georgia. She practices in the areas of estate planning, wills and trusts, and probate and estate administration. Ms. Miller earned her B.S. degree from Florida State University, her J.D. degree from the Charleston School of Law, and her LL.M. degree from the University of Florida Levin College of Law. She is a member of the State Bar of Georgia and a member for the Estate Planning Council of North Georgia.

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Speaker bio
David L McGuffey

David L. McGuffey

Elder Law Practice of David L. McGuffey, LLC
David McGuffey

is in private practice with the Elder Law Practice of David L. McGuffey, LLC located in Dalton, Georgia. He limits his practice to elder law and special needs law. Much of Mr. McGuffey's practice is devoted to helping individuals with chronic health conditions, and to find, get and pay for good long-term care. He is certified as an elder law attorney by the National Elder Law Foundation. In 2021, Mr. McGuffey launched the educational website EzElderLaw.com. As of now, EzElderLaw has more than 1,000 pages of information available to its readers with more coming almost every day. He earned his B.A. and J.D. degrees from Georgia State University. Mr. McGuffey is a member of the National Academy of Elder Law Attorneys and various local bar associations. He is a past chair of the State Bar of Georgia's Elder Law Section and the Tennessee Bar Association's Elder Law section.

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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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