CA Specific

Trusts, Estates & Probate

California Trusts Guide

Credits Available
Credit Status Total
California CLE Approved 6 Total
OnDemand
5 hours 53 minutes
Ralph Collins
Julian LaCasse
Andrew Gilliland
Anna Jang
Ryan Casson
With Ralph T. Collins III from Reese, Smalley, Wiseman & Schweitzer, LLP + 4 others
Recorded January 16, 2025
Product ID 99616

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Overview

Explore the Building Blocks of Estate Plans

This practical introduction to trusts will help you build a better understanding of how they're chosen, created, and used. Break down the different types of trusts, the trust language used in drafting and case law, key tax planning and reporting issues, and essential trust administration tasks. Be prepared for specific challenges associated with various types of trusts by understanding their unique characteristics. Register today!

  • Master essential trust principles.
  • Explore top trusts currently in practice: their unique features, requirements, and uses.
  • Identify key revocable trust mistakes and get guidance for preventing problems.
  • Explore tax saving tactics tailored to unique client needs.
  • Get suggestions for the use of specific language in trusts.
  • Clarify the requirements for the formation of a special needs trust.
  • Come away with practical examples and trust language needed to put your new knowledge to use right away.

Abbreviated Agenda

  1. Introduction to Trusts: Main Terms, Concepts, Parties
  2. Revocable Living Trusts
  3. Irrevocable Trusts: Essential Uses and Key Provisions
  4. Special Needs Trusts (SNTs) Structures and Uses (With Sample Trust Language)
  5. Other Unique Trust Structures of Note
  6. Trust Administration Basics
  7. Legal Ethics of the Trusts Practice
  8. Taxation and Tax Consequences of Trusts

Related Topics

Product ID 99616

Credit Details

Credits Available
Credit Status Total
California CLE Approved 6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Introduction to Trusts: Main Terms, Concepts, Parties

    1. Main Terms and Concepts Defined
    2. State and Federal Laws Governing the Creation and Administration of Trusts
    3. State and Local Tax and Property Laws Affecting Trust Drafting
    4. Who Are the Main Parties? Their Duties and Responsibilities to a Trust
    5. Clarifying Reasons for Drafting a Trust
    6. Deciding Which Type of Trust to Use
    7. Top Trust Uses for Non-Taxable Estates

  2. Revocable Living Trusts

    1. Testamentary vs. Revocable Trusts (and Pourover Wills)
    2. Drafting Tips and Samples
    3. Common Mistakes to Avoid
    4. Qualified Terminable Interest Trusts (QTIPs)
    5. Tax Consequences and Planning
    6. When a Revocable Trust Becomes Irrevocable

  3. Irrevocable Trusts: Essential Uses and Key Provisions

    1. Unique Features of Irrevocable Trusts
    2. Trust Language Review
    3. Types of Irrevocable Trusts and Their Uses

  4. Special Needs Trusts (SNTs) Structures and Uses (With Sample Trust Language)

    1. The Types of Special Needs Trusts and Their Specific Purposes
    2. Who Can Be the Beneficiary
    3. Protecting Benefits Eligibility
    4. Drafting Tips and Sample Trust Provisions
    5. Maximizing Allowable Expenses

  5. Other Unique Trust Structures of Note

    1. Charitable Trusts
    2. IRA Trusts After the SECURE Act
    3. Generation-Skipping/Dynasty Trusts
    4. Medicaid Qualifying Income-Only Trusts (Miller Trusts)
    5. Pet Trusts
    6. Cabin Trusts
    7. Irrevocable Life Insurance Trusts
    8. NFA Gun Trusts
    9. Incomplete Non-Grantor Trusts

  6. Trust Administration Basics

    1. Trust Funding and Trust Assets Management
    2. Laws Governing the Administration of Trusts
    3. Administration Expenses and Trustee Compensation
    4. Distributions and Accountings
    5. Trust Modification, Decanting, and Constructive Trusts
    6. Common Disputes

  7. Legal Ethics of the Trusts Practice

    1. Who is Your Client?
    2. Confidentiality in Third Party Communications
    3. Assessing the Client's Capacity
    4. Avoiding Fraudulent Transfers

  8. Taxation and Tax Consequences of Trusts

    1. State and Federal Tax Laws Update
    2. Tax Reporting: Accounting vs. Distributable vs. Taxable Income
    3. Fiduciary Tax Returns
    4. Tax Basis in the Assets
    5. Tax Consequences of Trustee Investment, Distributions, and Other Activity
    6. Trusts Used for Tax Reduction
    7. Marital Trusts After ATRA and TCJA
    8. Grantor Trusts and Grantor Trust Status Toggling
    9. Trusts in Estate Administration

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

Ralph T Collins III
Ralph T.
Collins, III
Reese, Smalley, Wiseman & Schweitzer, LLP
Julian F LaCasse
Julian F.
LaCasse
Gadi Zohar
Andrew W Gilliland
Andrew W.
Gilliland
Gilliland Law
Anna J Jang
Anna J.
Jang
Murtaugh Treglia Stern & Deily LLP
Ryan J Casson
Ryan J.
Casson
Law Office of Ryan J. Casson
Speaker bio
Ralph T Collins III

Ralph T. Collins, III

Reese, Smalley, Wiseman & Schweitzer, LLP
Ralph Collins

is a partner with Reese, Smalley, Wiseman & Schweitzer, LLP in Redding, where he focuses his practice in the areas of trust and estate planning and administration, trust litigation, and mediation. He has lectured previously on his areas of practice to professional groups. Mr. Collins is a member of the State Bar of California, Shasta-Trinity Bar Association and Shasta County Probate Law Committee. He earned his B.A. degree from Brigham Young University and his J.D. degree from the University of the Pacific, McGeorge School of Law.

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Speaker bio
Julian F LaCasse

Julian F. LaCasse

Gadi Zohar
Julian LaCasse

is an of counsel attorney with Gadi Zohar, whose practice focuses on estate, business and tax planning, administration of decedents' estates, including trust and probate administration, and various business matters such as creation, administration, governance and succession of entities. He studied writing and philosophy at Gonzaga University before earning his J.D. degree from Santa Clara University School of Law. While attending Santa Clara University School of Law, Mr. LaCasse pursued diverse interests through his work in Congress for Representative Sam Farr, a fellowship with former secretary of Defense Leon Panetta, and publishing online on the topic of bail reform and policy, on his way to earning a public interest and social justice law certificate. He is admitted to practice in California.

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Speaker bio
Andrew W Gilliland

Andrew W. Gilliland

Gilliland Law
Andrew Gilliland

is a sole practitioner and owner of Gilliland Law with offices in Riverside, California and Carlsbad, California. He loves working with clients to resolve their planning needs focusing his practice on estate planning, probate, and guardianship. Mr. Gilliland has a diverse background in working with clients in estate planning, business and taxation. He is licensed to practice in California and Utah. Mr. Gilliland earned his B.A. degree from Brigham Young University, his J.D. degree from the University of Utah S.J. Quinney College of Law and his LL.M. degree in taxation from the Fredrick G. Levin College of Law at the University of Florida.

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Speaker bio
Anna J Jang

Anna J. Jang

Murtaugh Treglia Stern & Deily LLP
Anna Jang

is an attorney with the law firm of Murtaugh Treglia Stern & Deily LLP in Irvine, California. She practices in the areas of trusts and estates. Ms. Jang earned her J.D. degree from the University of Hawaii William S. Richardson School of Law.

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Speaker bio
Ryan J Casson

Ryan J. Casson

Law Office of Ryan J. Casson
Ryan Casson

is a solo practitioner at his firm Law Office of Ryan J. Casson located in Camarillo, California. He practices estate planning, elder law, Medicaid, probate, charitable gifting, tax, estate litigation and trust administration. Mr. Casson earned his B.B.A. degree from Walla Walla University and his J.D. degree from Thomas M. Cooley Law School. He is licensed to practice law in California, Massachusetts and Florida.

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