The “Will Substitute,” Revocable Trusts: Different Functions Wills & Trusts Fulfill


CLE Credits earned: 2 GENERAL (or 2 LAW & LEGAL for WA state)

Revocable trusts have become ubiquitous in estate planning and are often referred to as a “will substitute.” Understanding why a trust is properly called a will substitute and the different functions that wills and trusts fulfill is critical to being an effective estate planner. This program will address the key concepts in this area, highlight important issues and provide guidance regarding the same.

Key topics to be discussed:

•   Execution, Validity and Requirements for Wills and Trusts
•   Important Considerations in Making Wills versus Trusts
•   Different Types of Trusts and Deciding When to Use Them

Date / Time: January 10, 2019

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 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 7 business days after the original recording date and are view-able for up to one year.


Original Broadcast Date: February 27, 2018

Tereina Stidd, Esq. concentrates her practice in the area of Estate Planning, Probate and Trust Administration, Probate Litigation and Tax. Ms. Stidd is co-author of the chapter “Homestead” in Basic Estate Planning in Florida, 6th and 7th ed. published by the Florida Bar. She is a contributor to Estate, Gift, Trust and Fiduciary Tax Returns Planning and Preparation published by Thomson Reuters. She has been recognized many years as a Super Lawyers Florida Rising Star.

Ms. Stidd has spoken on various estate planning, retirement assets, homestead and probate matters. She graduated Cum Laude from St. Bonaventure University with a B.A. in Political Science. She received her J.D. from the Claude W. Petit College of Law at Ohio Northern University and an LL.M. in Taxation from the University of Miami School of Law. She is licensed to practice law in both Florida and North Carolina.

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Section I. Wills
a) Requirements for Validity
b) Amendments/Changes
c) Functions
d) Probate/Administration
e) Special Situations

Section II. Revocable Trusts
a) Requirements for Validity
b) Amendments/Changes
c) Functions
d) As a Will Substitute/Administration upon Death
e) Other Considerations

Section III. Irrevocable Trusts
a) Requirements for Validity
b) Amendments/Changes
c) Functions