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 amWelcome and Introduction
Jennifer F. Galvagna, Esq.,
Bank of America, Private Bank, Boston
9:32 - 10:05 am
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
10:05 - 10:48 am
Trusts: Transfer Taxes
Gift taxEstate taxGST tax
Renat V. Lumpau, Esq.,
Choate Hall & Stewart LLP, Boston
David S. Raymon, Esq.,
Day Pitney LLP, Boston
10:48 - 11:05 am
Break
11:05 - 11:39 am
Introduction to Trusts
What is a trustChoice of TrusteeFunded vs unfunded revocable trusts
Caroline Brooks, Esq.,
John Hancock, Boston
11:39 - 12:11 pm
More Basics About Trusts
Fiduciary ResponsibilityFiduciary LiabilityEthical Issues
Renat V. Lumpau, Esq.,
Choate Hall & Stewart LLP, Boston
David S. Raymon, Esq.,
Day Pitney LLP, Boston
12:11 - 1:11 pm
Lunch (on your own)
1:11 - 2:08 pm
Martial Deduction Planning & Funding Trusts
Requirements for martial deductionAdministering a martial trust
Richard B. James, Esq.,
Bank Of America, Boston
2:08 - 2:45 pm
Distributions from Trusts
Settlor's IntentDetermining BeneficiariesMandatory vs Dscretionary
Jennifer F. Galvagna, Esq.,
Bank of America, Private Bank, Boston
2:45 - 3:00 pm
Break
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
3:36 - 4:00 pm
The Alphabet Soup of Other Trusts
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
4:00 - 4:32 pm
Medicaid Planning & Elder Law Issue Spotting
Annette K. Eaton, Esq.,
The Northern Trust Company, Boston
Please Note
This webcast is 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.
Speakers
ChairJennifer F. Galvagna, Esq.,
Bank of America, Private Bank, Boston
Faculty
Caroline Brooks, Esq.,
John Hancock, Boston
Sean T. Donovan, Esq.,
The Northern Trust Company, Boston
Annette K. Eaton, Esq.,
The Northern Trust Company, Boston
Richard B. James, Esq.,
Bank Of America, Boston
Renat V. Lumpau, Esq.,
Choate Hall & Stewart LLP, Boston
David S. Raymon, Esq.,
Day Pitney LLP, Boston
