UNDERSTANDING TRUSTS
Online Replay Seminar
ITEM #:  2541912301   |   EVENT CODE:  471135    |   CREDIT STATUS:  APPROVED
MEMBER PRICE
$245.00
STANDARD PRICE
$295.00
MSBA MEMBER, NEW LAWYER, AND OTHER DISCOUNTS, IF APPLICABLE, WILL BE APPLIED DURING CHECKOUT.

ONLINE

Monday, October 10, 2022

9:00 AM - 4:50 PM

Understanding Trusts

Trust Basics, Advanced Trust Concepts and Practical Ways to Use the Uniform Trust Code

Offering vital information, practical advice and useful materials, this seminar will cover:

  • Revocable Trusts
    Learn about common pitfalls and how to avoid or resolve them.
  • Supplemental and Special Needs Trust
    Discover the difference between the two – and how to draft, fund, and administer each of them.
  • Irrevocable Trusts
    Find out the top considerations for Insurance Trusts and Gift Trusts.


You will learn:

  • When, why and how to use a trust
  • The different types of trusts and when each is most useful
  • Tools available in The Minnesota Uniform Trust Code
  • Common issues and how to avoid or resolve them
  • Tax and other fundamental considerations when creating a trust
  • And much more!


Our expert faculty prepare you to answer your clients’ important trust questions.


Bonus Materials!
All attendees will receive the following two handy guides:

  • Trust Administration Checklist for an Individual Trustee Legal QuickSheet
  • Trusts Legal QuickSheet

8:30 – 9:00 a.m.
CHECK-IN & CONTINENTAL BREAKFAST


9:00 – 9:05 a.m.
WELCOME & ANNOUNCEMENTS


9:05 – 10:05 a.m.
Not Just the Basics – An Introduction to Trusts with a Look at State Specific Matters
This practical easy-to-understand session  starts with the basics of trust law, including definitions, use, benefits and funding. The basics are followed by a look at state specific formula gifts, stand-alone QTIP trusts, and other Minnesota-specific trust matters. The session also explores how the Uniform Trust Code provides flexibility for planners, trustees, and beneficiaries and practical ways to use the available tools.
– Michael P. Sampson


10:05 – 10:50 a.m.
Making the Right Choice – Revocable Trusts
Revocable trusts are the most common trust vehicle. Learn how to explain them to your clients in a manner that helps them understand how to accomplish their estate planning goals using a revocable trust. Learn drafting tips for avoiding common issues that arise with revocable trusts.
– Rachel M. Dahl & Jason W. Schuller


10:50 – 11:05 a.m.
BREAK


11:05 – 11:50 a.m.
Making the Right Choice – Revocable Trusts (continued)
– Rachel M. Dahl & Jason W. Schuller


11:50 a.m. – 12:35 p.m.
LUNCH BREAK (on your own)


12:35 – 1:35 p.m.
Providing and Protecting – Supplemental and Special Needs Trusts
Supplemental and special needs trusts are established to benefit a person with a disability by supplementing the government benefits they receive. Learn the differences and uses of these two trusts. The session will address drafting and funding considerations as well as issues regarding administration.
– Jessica Timmington Lindstrom


1:35 – 2:35 p.m.
A Good Way to Give – Irrevocable Trusts
Irrevocable trusts are important estate planning tools, but require careful preparation. This session will cover: when to recommend an insurance trust; how the insurance trust escapes estate taxation; and applicable federal requirements and other considerations for gift trusts.
– Philip J. Ruce


2:35 – 2:50 p.m.
BREAK


2:50 – 3:50 p.m.
How to Help the Right Way – Charitable Trusts
This session will discuss the basics of split-interest trusts, how to set it up, how they differ from other types of trusts, potential pitfalls, and practice points so you can help your clients.
– Thomas H. Rauenhorst & Marie A. T. Ruzek  


3:50 – 4:50 p.m.
Administration of Trusts: Major Issues, Opportunities, and Pitfalls Post-Trust Formation
This session will cover how to effectively administer a trust once it has been created. Learn about major issues with administration, the common problems that arise with trusts, and how to fix problems that arise after establishing the trust.
– Lauren G. Barron & Denise S. Rahne

LIVE IN-PERSON
Wednesday, September 21, 2022
Minnesota CLE Conference Center
600 Nicollet Mall, Suite 370
Seventh Street & Nicollet Mall, Third Floor City Center
Minneapolis, Minnesota

ONLINE REPLAY
Monday, October 10, 2022
Attend online
A moderator will be available to answer questions by email.

$245 MSBA members / $245 paralegals / $295 standard rate

Other discounts that may apply:

Scholarships available!
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 customerservice@minncle.org.

Minnesota CLE is applying to the Minnesota State Board of CLE for 6.5 standard CLE credits. The maximum number of total credits attendees may claim for this program is 6.5 credits.

MEMBER PRICE
$245.00
STANDARD PRICE
$295.00
MSBA MEMBER, NEW LAWYER, AND OTHER DISCOUNTS, IF APPLICABLE, WILL BE APPLIED DURING CHECKOUT.
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