To claim CLE credit, view by: November 15, 2023
Through December 31, 2023, Minnesota-licensed attorneys can satisfy continuing legal education requirements by viewing and reporting up to 30 credits of on demand programming. Effective the first reporting period after January 1, 2024, there is no limit. Depending on the jurisdiction in which you practice, you may or may not be able to claim credit for viewing this on demand seminar. Please check with your licensing agency for accreditation information.
Originally presented: November 16, 2021 | Course length: 6.25 hours
Our Expert Faculty Will Explain:
All attendees will receive an electronic version of the recently updated Trusts Legal QuickSheetTM. This helpful and concise at-a-glance reference tool includes a formatted chart, diagram, and checklist to have at the ready to clarify legal issues quickly and visually.
Welcome and Introduction (10 MINUTES)
– Susan J. Link, Course Chair
The Charitable Component of Estate Planning – Starting the Conversation Your Clients Want to Have (60 MINUTES)
This session will address how to raise the topic of charitable giving with your clients. Specifically, this session will discuss the extent of U.S. charitable giving and why clients generally don’t discuss the topic with their lawyers – despite their desire to do so. Learn a practical framework for conducting a conversation with your clients that meets their non-technical needs in determining whether, why, and how much to give. Examine how these conversations can help clients clarify their intentions, while also provide the lawyer with a better understanding of the client’s personal life and values that inspire their giving and their desire to leave a legacy. Don’t be the attorney who misses the charitable planning conversation the client wants to have – it’s good for your clients and good for your practice!
– Grant K. Wacker
Tools You Can Use to Transfer Assets (30 MINUTES)
This session will cover the “mechanics” of beneficiary designations, charitable gifts during a donor’s lifetime and charitable gifts upon death. Explore the tools your clients can use to effectively transfer their assets to charitable entities. This session will take a “hands on” approach to asset transfers by providing examples and assistance in completing specific forms.
– Amanda N. Juelson
5 Charitable Giving Mistakes to Avoid (60 MINUTES)
Establishing effective charitable giving plans can be a trap for the unwary, and clients can be less than forgiving when it comes to costly errors with their money and unfulfilled charitable giving goals. Awareness is the key! Attorneys must take every precaution to avoid the most likely pitfalls by learning what mistakes are most frequent and the techniques for navigating charitable giving in a way that builds both client relationships and your reputation. Learn from our panel of professional philanthropic advisors how to build relationships and integrate charitable planning as a strategy for achieving your clients’ overall goals.
– Stuart C. Bear, Greg A. Larson & Francis (Frank) J. Rondoni
– Alene G. Sussman (moderator)
What to Give: Charitable Gift Planning with a Variety of Assets (45 MINUTES)
This session will provide an overview of various assets that can be used for charitable gift planning, some of the benefits and drawbacks of gifting with each asset type, and particular planning opportunities with certain assets. Topics covered will include tax considerations relevant to specific assets, appraisal requirements, and practical challenges. The discussion will focus on commonly gifted assets including cash, retirement accounts, marketable securities, life insurance policies, real estate, and artwork. We will also touch on gifts of other tangible property, intellectual property, and interests in privately held companies.
– Tessa R. Mielke
Transfer Taxes and Income Taxes – When They Apply to Charitable Contributions and When They Don’t (45 MINUTES)
This session will compare transfer taxes and income taxes. Explore how these two forms of taxation overlap and where they differ. Also, learn the impact these two types of taxes may have on your clients’ charitable contributions and their overall estate plans.
– Katherine A. Charipar
Drafting and Administering Charitable Trusts and Other Charitable Giving Vehicles (60 MINUTES)
When it comes to the intersection of estate planning, charity, and philanthropy, there are many things that must be considered. The decision of which charitable vehicle to use, among the charitable lead trust, the charitable remainder trust, the private foundation and a donor advised fund depends on what your client is trying to accomplish from a timing, tax consequence, and philanthropic perspective. This session will examine the various options available and will provide tips and best practices for drafting and administering each type of charitable giving vehicle.
– Michael P. Sampson
Developing an Estate Plan That Includes Charitable Giving and Trusts: A Scenario-Based Discussion (75 MINUTES)
Over the course of the day, you have learned tools and ways you can assist your clients in creating a legacy through philanthropy and charitable giving. Join our panel of experts in this scenario-based session as they discuss what planning they would recommend for various circumstances. Learn more advanced estate planning tips and explore what strategies make the most sense for your clients based on common scenarios.
– Matthew J. Frerichs, Laura E. Halferty & James T. McNary
– Susan Link (moderator)
Other discounts that may apply:
Need-based scholarships are available for in-person and online seminars. For further information or to obtain a scholarship application, contact us at 800-759-8840 or firstname.lastname@example.org.
Minnesota CLE is applying to the Minnesota State Board of CLE for 6.25 standard CLE credits. The maximum number of total credits attendees may claim for this program is 6.25 credits.
Depending on the jurisdiction in which you practice, you may or may not be able to claim credit for viewing this on demand seminar. Please check with your licensing agency for accreditation information.