Revocable Living Trusts from Start to Finish (2021 Edition)

Mary Akkerman
Mary Akkerman | Davenport, Evans, Hurwitz & Smith LLP

Mary Akkerman practices in estate planning, including dynasty trusts, domestic asset protection trusts, estate and trust administration, guardianships and conservatorships, business and tax planning, estate and gift tax planning, tax appeals, and related litigation.

Re-Broadcast: December 22, 2021

Revocable Living Trusts from Start to Finish (2021 Edition)
MCLE Credit Information:

Select Your State Below to View CLE Credit Information

Register for Live Re-Broadcast
Unable to Attend Live Broadcast?

Receive access to recorded class and earn self-study credit. Recording is made available 5 business days after live broadcast.

Can't Decide Which CLE Progam?

Access All
Our Programs
Only $245yr

Annual Subscription includes access to:
  • 500+ Live CLE Webinars
  • National Hot Legal Topics
  • New Laws and Regulations
  • State Specific Programs
  • All Formats: Live, Replay, & On-Demand
Subscribe Today
Training 5 or more people?

Sign-up for a law firm subscription plan and each attorney in the firm receives free access to all CLE Programs

Program Summary

Revocable living trusts are a staple of basic estate planning. But the revocable living trust can be used for sophisticated planning as well. This CLE covers everything from the beginner elements of revocable living trust planning to the more customized drafting options that planners can incorporate into a revocable living trust plan.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

  • Revocable Living Trusts
  • Tax aspects and sophisticated planning options
  • Drafting, implementing and administering these particular types of trusts
  • Ethical considerations

Date / Time: December 22, 2021

  • 2:00 pm – 4:10 pm Eastern
  • 1:00 pm – 3:10 pm Central
  • 12:00 pm – 2:10 pm Mountain
  • 11:00 am – 1:10 pm Pacific

Choose a format:

Live Video Broadcast/Re-Broadcast: Watch Program "live" in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for "live" CLE credit.

On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 5 business days after the original recording date and are viewable for up to one year.

Closed-captioning available

Speakers

Mary Akkerman_Davenport_Evans_Hurwitz & Smith LLP_myLawCLEMary Akkerman | Davenport, Evans, Hurwitz & Smith LLP

Mary Akkerman practices in estate planning, including dynasty trusts, domestic asset protection trusts, estate and trust administration, guardianships and conservatorships, business and tax planning, estate and gift tax planning, tax appeals, and related litigation. She is skilled at establishing public and private trust companies in South Dakota and regularly works with U.S. and international families and advisors. Mary is an American College of Trust and Estate Counsel (ACTEC) Fellow. She is a member of the Society of Trust and Estate Practitioners and Sioux Falls Estate Planning Council.

Mary has received an AV Preeminent® Peer Review Rating by Martindale-Hubbell®, for the highest level of professional excellence for legal knowledge, communication skills and ethical standards. She has a Band 1 individual ranking in the Chambers High Net Worth Guide by Chambers and Partners in the area of Private Wealth Law, and is listed in The Best Lawyers in America© in Trusts & Estates. Mary has also been ranked in the top 5% of practicing attorneys in South Dakota by Great Plains Super Lawyers in the areas of Estate Planning & Probate.

Agenda

I. Explanation of trust basics | 2:00pm-2:20pm
II. Available revocable trust planning options | 2:20pm-2:40pm

a. Marital deduction planning

i. Outright gifts
ii. Marital trusts

1. Qualified Terminable Interest Trusts
2. General Power of Appointment Trusts

iii. Qualified Domestic Trusts

b. Special needs trusts
c. Supplemental needs trusts
d. Charitable planning options
e. Other sophisticated options

III. Tax Aspects | 2:40pm-3:00pm

IV. Break | 3:00pm-3:10pm

V. Ethics | 3:10pm-4:10pm

a. Legality of Medicaid Planning
b. Identifying your client
c. Confidentiality requirements
d. Attorney-client privilege
e. Clients with diminished capacity
f. Americans with Disability Act
g. Emergency legal services
h. Declining or terminating representation
i. When your client is an estate or trust
j. Conflicts of interest
k. Representing multiple parties
l. Representing a client acting in multiple capacities
m. Special rules for drafting estate planning documents