Most attorneys know that estate planning can be very complex and often requires a great deal of knowledge, as well as sensitivity. Estate planners must draft a plan that is tailored to the client's wishes while navigating the intricacies of federal and state tax laws, state laws regarding estates, trusts, and fiduciaries, and, often, potential conflict among family members. Although much of the knowledge needed to draft a good estate plan may be gained through careful and extensive research and training, some practical aspects of estate planning may only be learned through experience in dealing with clients and their families. Some of these experiences, though harrowing at the time, provide valuable lessons for future drafting. Join Jonathan Blattmachr, Teresa Bush and Vanessa Kanaga of InterActive Legal as they discuss provisions in wills and other estate planning documents designed to address these real world scenarios. For example, have you ever considered adding a provision giving trustees authority to test beneficiaries for substance abuse? How do you address the distribution of tangibles among children who cannot agree, while protecting the executor from liability? Do not miss this opportunity to learn from others' experience, and get ahead of the curve!
Speakers: Jonathan G. Blattimachr, Teresa l. Bush, Vanessa L. Kanaga
Course Content:
Income Tax Issues You May Not Have Considered, Including Grantor Trust Issues and Allocation of IRD
The Discretionary Authority and Potential Liability of Fiduciaries
The Protection of Assets From "Spendthrift" Beneficiaries, or Beneficiaries Who Are Impaired
Ways to Add Flexibility in Dealing With Changing Circumstances, Including Decanting and Powers of Appointment