ONLINE
Wednesday, March 15, 2023
6:00 PM - 9:15 PM
The February 22 seminar will be presented LIVE ONLINE rather than in person.
In-Depth Discussion of Practical Estate Planning and Drafting Issues
This program is the fourth in a series of four helpful half-day courses focusing on the forms in Minnesota CLE's Drafting Wills & Trust Agreements Deskbook with eFormbook.
In this program, the presenters will illustrate how the Drafting Wills & Trust Agreements forms can be used as a starting point and adapted to create different types of trusts. They'll discuss ILITs, the use of the Gifting Trust, and the creation of a SLAT. In addition, the presenters will discuss the options for designing plans for single individuals, with a particular focus on the provisions for beneficiaries other than descendants.
See also these programs in the 2023 Drafting Wills & Trust Agreements Forms Series:
12:30 – 1:00 p.m.
CHECK-IN
1:00 – 2:30 p.m.
Using the Irrevocable Trust Forms
The Drafting Wills & Trust Agreements formbook include several irrevocable trust forms that can serve as a base for implementing numerous useful estate planning techniques. This session will discuss the two Irrevocable Life Insurance Trust forms as vehicles for holding single life and joint and survivor life insurance policies and the use of the Gifting Trust form as a vehicle for receiving annual exclusion gifts to minors. With this background, the presenters will discuss various ways to customize or modify the irrevocable trust forms to accomplish other wealth transfer planning techniques, such as the creation of a Spousal Lifetime Access Trust (SLAT) or a long-term trust for a client’s descendants.
2:30 – 2:45 p.m.
BREAK
2:45 – 4:15 p.m.
Planning for Unmarried Clients
While many of the forms in the Drafting Wills & Trust Agreements formbook are designed for married couples with descendants, the book also includes forms that are designed for single individuals, both with and without descendants. In this session, we will discuss the options for designing plans for these clients, with a particular focus on the provisions for beneficiaries other than descendants. We will address using specific gifts of personal and real property; using gross-up formulas to coordinate the disposition of probate and non-probate assets; converting the terms of the trusts for children in the forms into trusts for siblings, nieces and nephews, parents, or other individuals; and the inclusion of trusts for companion animals. Finally, we will consider the specific challenges related to drafting estate planning documents for clients who are in a relationship but who are not married to each other (“unmarried cohabitants”).
– Robert E. Lynn; Bartley & Lynn LLP; Northfield
– Jayne Sykora; Sykora & Santini PLLC; Minneapolis
– Edward H. Tully; Lathrop GPM: Minneapolis
LIVE IN-PERSON
NOW BEING PRESENTED LIVE ONLINE
Wednesday, February 22, 2023
Attend OnlineMinnesota CLE Conference Center
600 Nicollet Mall, Suite 370
Seventh Street & Nicollet Mall, Third Floor City Center
Minneapolis, Minnesota
ONLINE REPLAY
Wednesday, March 15, 2023
Attend online
A moderator will be available to answer questions by email.
$155 MSBA members / $155 paralegals / $175 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 3.0 standard CLE credits. The maximum number of total credits attendees may claim for this program is 3.0 credits.
Seminar materials will consist of the difficult and confusing clauses from each of the forms to be discussed, as well as helpful practice pointers and tips. The forms themselves are not included.
Pre-order the NEW 9th edition of the Drafting Wills & Trust Agreements Deskbook with eFormbook for 25% off and have all of the forms at your fingertips! To take advantage of this offer, call Minnesota CLE at 800-759-8840. Offer good until April 1, 2023.
