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Audio & Reference Manual

Getting Creative With Estate Planning

Learn how to create a pass of wealth from generation to generation without interfering with transfer taxes.

The estate planning process in today's hectic and fast-paced world has become largely impersonal. Practitioners tend to focus solely on financial rates of return and tax minimization strategies without any thought to the client's actual goals or objectives. Modern estate planning from a 'number only' perspective can be a major disservice to clients and their families. In many instances, it can make a client's true objectives to preserve wealth long-term more difficult to obtain. This material helps practitioners first understand client objectives and then presents unique tools and strategies to tailor and craft plans that reach those objectives over multiple generations. The content will specifically take a look at the Dynasty Trust as a vehicle to help preserve client wealth and communicate values over multiple generations.

Runtime: 103 minutes
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Why Lorman?

Over 32 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

How to Plan for Multiple Generations and Differing Family Dynamics

  • Defining Client Objectives
  • A New Look at Values Based Estate Planning
  • Preserving the Voice of the Testator/Grantor
  • Avoiding Scenarios of Undue Influence and Potential Future Litigation
  • The Importance of Lifetime Sub-Trusts for Heirs
  • Role of the Trust Protector

Getting Creative With Dynasty Trusts

  • Asset Protection Trusts as IDGTs
  • Family Banking Provisions in Investment-Driven Vehicles
  • Using Asset Protection Trusts That Actually Work
  • The Role of a Private Trust Company
  • Bifurcating Trustee Duties
  • Using Derivatives of Carry Interest for Fund Owners
  • Charitable Planning and the Dynasty Trust
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Why Lorman?

Over 32 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 course was last revised on October 24, 2017.

Call 1-866-352-9540 for further credit information.

  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
The CLE Code is ONLY a requirement when applying for CLE Credit in New York. Other states do not need to supply the CLE Code to apply for CLE credit.

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

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

Audio & Reference Manual

  • AK CLE 1.5
     
  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MO CLE 1.8
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NM CLE 1.5
     
  • NV CLE 1.5
     
  • NY CLE 1.5
     
  • UT CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

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More Program Information

Why Lorman?

Over 32 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

Jeffrey D. Steed

Kirton McConkie PC

  • Member of Kirton McConkie’s Tax and International practice sections
  • Practice emphasizes a combination of tax, legal and financial strategies for both domestic and foreign clients
  • Advises an exclusive private clientele in regard to their estates, private businesses, trusts, and charities
  • Has participated as an expert witness in estate and trust controversy cases – including matters involving foreign trusts and trusts for foreign persons
  • Involved in sophisticated planning for private enterprise and charity -- including all aspects of entity formation, capitalization, planning, structure, and governance
  • Frequent speaker on topics involving areas of estate planning, cross-border finance, private enterprise, trusts, asset protection, nonprofits, foreign investment, and multi-jurisdictional practice
  • Recognized as one of Utah’s Legal Elite for estate planning and nonprofit and as a Mountain States Super Lawyer for estate planning and taxation
  • Adjunct law professor at the University of Utah, S.J. Quinney College of Law
  • J.D. degree, cum laude, University of Utah, S.J. Quinney College of Law; LL.M. degree, summa cum laude, Thomas Jefferson School of Law; B.A. degree, magna cum laude, Utah State University, Huntsman School of Business
  • Can be contacted at 801-328-3600 or [email protected]
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More Program Information

Why Lorman?

Over 32 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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  • State Specific Credit Tracker
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* For audio recordings you only pay shipping

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Product ID: 400250
Published 2017
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