Nominee trusts are often used in the context of real estate transfers, primarily to protect the privacy of the parties involved and effectuate estate planning goals. Learn what a nominee trust is and how and why they are used in real estate transfers. Hear the speakers review how nominee trusts are structured and discuss important factors to consider when drafting these types of trusts on behalf of your clients. They also discuss real estate title issues encountered when utilizing nominee trusts, explore the use of trustee certificates as an alternative to recording a nominee trust, and conclude by highlighting some of the basic traps for the unwary when attorneys utilize nominee trusts in their practice.
Course Content
9:30 - 9:40 am- What Are Nominee Trusts?
- Laurel M. Millette, Esq., Transitions Law LLC, Concord
- Why and How Are Nominee Trusts Utilized?
- Laurel M. Millette, Esq., Transitions Law LLC, Concord
- Nuts and Bolts of Drafting Nominee Trusts
- Kristin A. Monaco, Esq., Nigro, Pettepit & Lucas LLP, Newburyport
- Title Requirements for Real Estate Transfers to a Nominee Trust
- Kristin A. Monaco, Esq., Nigro, Pettepit & Lucas LLP, Newburyport
- Trustee Certificates
- Kristin A. Monaco, Esq., Nigro, Pettepit & Lucas LLP, Newburyport
- Traps for the Unwary
- Laurel M. Millette, Esq., Transitions Law LLC, Concord
- Kristin A. Monaco, Esq., Nigro, Pettepit & Lucas LLP, Newburyport
- Ask the Experts Q&A Session and Key Takeaways
- Laurel M. Millette, Esq., Transitions Law LLC, Concord
- Kristin A. Monaco, Esq., Nigro, Pettepit & Lucas LLP, Newburyport
- Please Note
- MCLE webcasts are delivered completely online, underscoring their convenience and appeal.
- There are no published print materials. All written materials are available electronically only.
Speakers
Faculty- Laurel M. Millette, Esq., Transitions Law LLC, Concord
- Kristin A. Monaco, Esq., Nigro, Pettepit & Lucas LLP, Newburyport
