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Current Issues in Revocable Living Trusts

Handle your clients' estate planning needs with ease - learn the ins and outs of revocable living trusts.

Understanding how a revocable living trust works and benefits the Trustor's during life and the Trustor's family after the Trustor's death will give you the background you need to provide quality legal representation to your clients to potentially save the family thousands of dollars by avoiding costly and time consuming probate administrations. Learning to explain the nuances of the different joint trusts available for your married clients based upon their family circumstances, their assets, and/or their estate tax planning needs, will enable you to better serve their needs. Further, having the knowledge and documents you need to properly fund a revocable trust that you have drafted for your clients is as important as forming the trust itself. You will learn to explain the 'big picture' benefits of using a revocable living trust for complete and cost effective estate planning, giving your clients the opportunity to fulfill their desired responsibility for their loved ones.

Runtime: 91 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is a Revocable Living Trust?

  • Revocable Trust
  • Irrevocable Trust

Why Use a Revocable Living Trust

  • No Estate Plan
  • Estate Plan Utilizing a Will
  • Estate Plan Utilizing a Revocable Living Trust

Why Fund a Revocable Living Trust During Lifetime?

  • Incapacity and Issues With Powers of Attorney
  • Avoid Conservatorship Proceedings
  • Ease of Post Death Proceedings
  • No Tax Implications of Funding Trust During Lifetime

How Do You Fund a Revocable Trust With Real Estate?

  • Issues Involving Mortgages
  • Title Commitment
  • Title Insurance
  • Deeds
  • Property Taxes
  • Other Assets

Planning for Optimal Use of Estate Tax Exemptions With Revocable Trusts

  • Current Estate and Gift Tax Exemptions
  • Federal Portability Rules
  • Use of Joint Continuation Trusts, Credit Shelter and QTIP Trusts
  • Protective Trusts for Children and Grandchildren
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Kira S. Masteller

Kira S. Masteller

Lewitt, Hackman, Shapiro, Marshall & Harland

  • Shareholder with Lewitt, Hackman, Shapiro, Marshall & Harland
  • Practices in California trusts and estate planning with a focus in Federal estate and gift tax planning, estate planning, business succession planning, trusts, wills, powers of attorney, post-death trust administration, and probate
  • Named a Rising Star from 2010 through 2013, and a Southern California Super Lawyer in 2014 and 2015
  • Member of numerous professional and civic organizations
  • Frequent speaker and has written numerous publications
  • J.D. degree, San Fernando Valley College of Law
  • Can be contacted at 818-907-3244 or [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 400701
Published 2017
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