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Opportunities and Drawbacks of Directed Trusts

Learn how to use directed trusts to your client's advantage and get tips on drafting directed trusts.

This ondemand webinar will provide you with an overview of directed trusts. You will also learn about the history of directed trusts and how to use them to your clients' advantage. Additionally, there will be an in-depth discussion of jurisdictional issues and which jurisdiction or jurisdictions may work best for directed trusts. We will also discuss the roles, duties and potential liabilities of directed trustees. Finally, you will receive information and helpful tips on drafting directed trusts.

Runtime: 86 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

What Is a Directed Trust?

History of Directed Trusts

Overview of Current Laws on Directed Trusts

  • U.S. Jurisdictions
  • Non-U.S. Jurisdictions

What Does a Directed Trustee Do?

  • Roles and Duties
  • Benefits of Directed Trustees
  • Detriments of Directed Trustees

Fiduciary Role of Directed Trustees

  • Is a Directed Trustee a Fiduciary?
  • Protection of Directed Trustee
    • Exculpation
    • Indemnification
    • Insurance
  • Compensation

Drafting a Directed Trust

  • New Trusts
  • Existing Trusts
    • Modification
    • Decanting
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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 November 13, 2014.

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

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

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY 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.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY 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

Nichole D. Scott

Holland & Knight LLP

  • Partner in the private wealth services group of Holland & Knight LLP
  • Practices in wealth planning and preservation, private companies, private wealth services, trusts, estates and fiduciary dispute resolution
  • Develops and implements various structures and estates both during the life of the settlor and upon the death of the settlor/decedent
  • Adjunct professor at the University of Miami in the LL.M. Tax program since the fall of 2008
  • Publications include 2010 and Beyond – The Transfer Tax Odyssey, Practical Tax Strategies, April 1, 2010 and Charitable Trusts Allow You to Be a Benefactor and Take Care of Your Family, Holland & Knight Newsletter, October 1, 2004
  • LL.M. degree, University of Miami School of Law; J.D. degree, University of Tennessee College of Law; B.A. degree, University of Tennessee
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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.

All of your training, right here at Lorman.

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

  • Live Webinars
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  • MP3 Downloads
  • Course Manuals
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  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 392747
Published 2014, 2019
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