ME Specific

Trusts, Estates & Probate

4.67

Trust or Bust: Understanding Revocable and Irrevocable Trusts in Maine

Credits Available
Credit Status Total
Maine CLE Approved 6 Total
OnDemand
5 hours 56 minutes
Richard Abbondanza
Karen Holyoke
Robert Keyser
With Richard J. Abbondanza from Hopkinson & Abbondanza + 2 others
Recorded September 17, 2025
Product ID 99870

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Overview

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This comprehensive course delves into the intricacies of trusts in Maine, providing you with a solid foundation in trust law and practical applications. You'll gain a deep understanding of revocable and irrevocable trusts, their unique characteristics, and how they can be utilized to achieve your clients' estate planning goals. Whether you're an estate planning professional or simply interested in learning more about trusts, this course offers invaluable knowledge and guidance - register today!

  • Learn the basics of trust law.
  • Delve into revocable trusts.
  • Explore irrevocable trusts.
  • Compare the appropriate uses of irrevocable vs. revocable trusts.
  • Get a clear overview of current trust and tax laws.
  • Guard your professional reputation with a custom-tailored legal ethics guide for your practice.

Abbreviated Agenda

  1. An Overview of Trusts in Maine
  2. Revocable Trusts: Maine-Specific Overview
  3. Irrevocable Trusts in Maine
  4. Comparing Revocable and Irrevocable Trusts in Maine
  5. Current Federal Tax Rules and Environment
  6. Legal Ethics in Tax Practice

Related Topics

Product ID 99870

Credit Details

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

Agenda

All times are shown in

  1. An Overview of Trusts in Maine

    1. An Overview of the Many Purposes of Trusts
    2. Unique Maine-Specific Laws and Regulations
    3. Real-World Examples and Tactics: Maine

  2. Revocable Trusts: Maine-Specific Overview

    1. Advantages of Revocable Trusts
    2. Disadvantages of Revocable Trusts
    3. Practical Considerations and Best Practices
      1. Estate Planning Strategies
      2. Asset Protection
      3. Medicaid Eligibility
      4. Probate Avoidance

  3. Irrevocable Trusts in Maine

    1. Advantages of Irrevocable Trusts
    2. Disadvantages of Irrevocable Trusts
    3. Practical Considerations and Best Practices
      1. Gift Tax Implications
      2. Medicaid Eligibility
      3. Asset Protection
      4. Probate Avoidance

  4. Comparing Revocable and Irrevocable Trusts in Maine

    1. Side-by-Side Comparison of Key Features
    2. When to Choose a Revocable Trust
    3. When to Choose an Irrevocable Trust
    4. Factors to Consider in Making the Decision of Revocable vs. Non-Revocable

  5. Current Federal Tax Rules and Environment

    1. Governing Law
    2. Tax Rates and Exemptions: Individual, Trust, Estate, Business
    3. Updates: IIJA, TCJA, the SECURE Act, FFCRA, CARES Act, and Other Recent Laws Affecting the Practice
    4. IRS Guidance and Enforcement

  6. Legal Ethics in Tax Practice

    1. Attorney Fees
    2. Guarding Confidentiality
    3. Clients With Diminishing Capacity
    4. Identifying Undue Influence
    5. Fiduciary Liability Issues

Who Should Attend

This course is designed for attorneys. Paralegals may also benefit.

Speakers

Richard J Abbondanza
Richard J.
Abbondanza
Hopkinson & Abbondanza
Karen M Holyoke
Karen M.
Holyoke
Verrill
Robert B Keyser II
Robert B.
Keyser, II
Robert B. Keyser II, LLC
Speaker bio
Richard J Abbondanza

Richard J. Abbondanza

Hopkinson & Abbondanza
Richard Abbondanza

is a partner in the Portland law firm of Hopkinson & Abbondanza. He earned his undergraduate degree, cum laude, from Amherst College and his J.D. degree from Catholic University of America. Mr. Abbondanza regularly speaks on the subjects of estate planning, retirement planning, and real estate and business succession planning. He is admitted to practice in all Maine courts. Mr. Abbondanza is a member of the Maine Estate Planning Council, WealthCounsel, a national association of estate planning attorneys and advisors; and a graduate of the two-year Laureate Program of the Southern California Institute. He currently is serving on the Boards of North Yarmouth Academy and Portland Symphony Orchestra. Mr. Abbondanza also serves on steering committees for Capital Campaigns for Mercy Hospital and Big Brothers Big Sisters of Southern Maine. He has served as an adjunct lecturer for Merrimack College’s CFP estate planning review course, and also on the Boards of Big Brothers Big Sisters of Southern Maine and Woodfords Family Services.

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Speaker bio
Karen M Holyoke

Karen M. Holyoke

Verrill
Karen Holyoke

is a Partner at Verrill, where she focuses on private clients and fiduciary services. Her career began with a clerkship for the Honorable Andrew J. Kleinfeld, U.S. Circuit Judge for the Ninth Circuit Court of Appeals, based in Fairbanks, Alaska. Ms. Holyoke has a strong history in estate planning, offering clients informed guidance backed by advanced legal training and practical experience. She earned her J.D. degree from the University of Utah S.J. Quinney College of Law and working towards her Master of Laws (LL.M.) in Taxation with an estate planning focus from Boston University School of Law.

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Speaker bio
Robert B Keyser II

Robert B. Keyser, II

Robert B. Keyser II, LLC
Robert Keyser

is the founding member of the estate, tax and business planning boutique firm, Robert B. Keyser II, LLC, based in Colorado Springs, Colorado. He provides counsel in the areas of income, estate and gift tax planning, and business planning to high-net-worth individuals and families. Mr. Keyser prepares advanced estate planning documents; such as qualified personal residence trusts, family limited partnerships, life insurance trusts, generation skipping trusts, charitable trusts, private foundations, grantor retained annuity trusts, intentionally defective grantor trusts, and complex wills. He handles various business transactional matters requiring the preparation of agreements for stock redemption, mergers, employment, stock buy-sell, partnership and limited liability company arrangements, non-qualified plans, and trusts. Mr. Keyser taught business law and accounting at the University of Colorado's Colorado Springs campus from 2004 to 2017. He earned his B.A. degree from Colorado University, his J.D. degree from the University of Denver College of Law and his LL.M. degree in taxation from the University of Denver Graduate Tax Program.

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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.
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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.
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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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