Every estate planner knows that trusts are an essential and widely used estate planning tool, but not all estate planners have the in-depth understanding of trusts they really need in order to serve their clients effectively. A thorough understanding of trust formation and administration is critical across many areas of specialization, including tax, real estate, finance, litigation, elder law, and nonprofit law. It is equally important when advising clients to understand the technical rules governing trusts and how Massachusetts statutes and common law may affect both trustees and beneficial interest holders.
Experts guide you step-by-step through the life of a trust, from beginning the trust to ongoing administration to wrapping up. They analyze the latest updates and provide valuable advice on key, cutting-edge issues. You leave with a thorough overview of how trusts work and how to use them to achieve your clients’ goals.
Experts guide you step-by-step through the life of a trust, from beginning the trust to ongoing administration to wrapping up. They analyze the latest updates and provide valuable advice on key, cutting-edge issues. You leave with a thorough overview of how trusts work and how to use them to achieve your clients’ goals.
Course Content
9:30 - 9:32 am- Welcome and Introduction
- Jennifer F. Galvagna, Esq., Bank of America, Private Bank, Boston
- Trusts: Basic Estate Planning
- Probate vs non-probate propertyIntervivos vs testamentaryFamily Issues, dispositive and non-tax aspects Transfer tax vs income tax issues
- Caroline Brooks, Esq., John Hancock, Boston
- Trusts: Transfer Taxes
- Gift taxEstate taxGST tax
- Renat V. Lumpau, Esq., Choate Hall & Stewart LLP, Boston
- David S. Raymon, Esq., Day Pitney LLP, Boston
- Break
- Introduction to Trusts
- What is a trustChoice of TrusteeFunded vs unfunded revocable trusts
- Caroline Brooks, Esq., John Hancock, Boston
- Fiduciary ResponsibilityFiduciary LiabilityEthical Issues
- Renat V. Lumpau, Esq., Choate Hall & Stewart LLP, Boston
- David S. Raymon, Esq., Day Pitney LLP, Boston
1:11 - 2:08 pm: Martial Deduction Planning & Funding Trusts
- Requirements for martial deductionAdministering a martial trust
- Richard B. James, Esq., Bank of America, Private Bank, Boston
- Settlor's IntentDetermining BeneficiariesMandatory vs Dscretionary
- Jennifer F. Galvagna, Esq., Bank of America, Private Bank, Boston
3:00 - 3:36 pm: Charitable Trusts
- Intervivos vs testamentaryIncome & estate tax advantagesSplitting trusts at death
- Sean T. Donovan, Esq., The Northern Trust Company, Boston
- Brief description of GRATs, LATs, IDGTsIncome and estate tax advantages & disadvantages
- David S. Raymon, Esq., Day Pitney LLP, Boston
- Renat V. Lumpau, Esq., Choate Hall & Stewart LLP, Boston
- Annette K. Eaton, Esq., The Northern Trust Company, Boston
- Webcasts are delivered completely online, underscoring their convenience and appeal.
- There are no published print materials. All written materials are available electronically only.
- They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.
