Description
Ensure that your client’s estate planning is complete and avoid major pitfalls down the road.Drafting a trust is only the beginning of a client’s estate planning process. Funding the trust is the more timeconsuming and often arduous task where mistakes can easily be made. Drawing on his experiences dating back to the mid1990’s, our presenter will explain all the steps that you need to undertake to ensure that the estate planning is complete, as well as mistakes to avoid. A very practical and handson webinar for all levels of practitioners.
Date: 2021-05-19 Start Time: End Time:
Learning Objectives
Methods of Funding a Trust • Four Options
• Intervivos Transfer
• Payable-on-Death Designation
• Heggstad/Restatement Listing of Assets
• Pour-Over Will
Grantor Trust Rules
Impact of Internal Revenue Code Sec. 2036
Transferring Real Estate to a Trust
• Warranty/Quitclaim Deeds
• Beneficiary (Payable-on-Death) Deeds
• Out-of-State Deeds
• Condo and Housing Cooperatives
• Mobile Homes
Bank and Brokerage Accounts
Boats
Life Insurance Policies
• 3-Year Rule
Retirement Accounts
Savings Bonds
Shares of Marketable Securities
Shares of Closely-Held Non-Public Entities
Transferring Encumbered Property
Valuations of Trust Assets
Using Certifications of Trust and Other Forms of Proof of Authority
CFP ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Thomas J. Murphy-Murphy Law Firm, Inc.
