Course Overview

Seminar III: “Trust Administration”


Integrated Estate Planning Seminar Series I-IV

  • Seminar I:  The Basic Course
  • Seminar II: The Advanced Course
  • Seminar III: Trust Administration
  • Seminar IV: End-of-Life Planning: Living Wills, Medical Directives, Conservatorships, Special Needs Trusts & Preserving a Client’s Legacy

Overview of Seminar, Presenter & MCLE Credit
Integrated Estate Planning Seminar Series: Seminar III:“Trust Administration”

Seminar Leader: Francis Burton Doyle, Esq., WealthPLAN
MCLE: 6.5 Credit Hours, including 1.5 Credit Hours of Legal Ethics (CalBar Approved Provider No. 13751)
(4-CD Audio Set + Seminar Workbook) $350.

This seminar provides the basics of post mortem trust administration for attorneys and other estate-planning professionals. This course is designed to teach the practitioner effective techniques for administering and distributing living trusts after the death of the grantor. The seminar will include a discussion of the legal requirements mandated by the probate code as well as a discussion of managing and accounting for trust assets and dealing with federal estate and income tax issues.

  • Information on identifying types of trusts and trusts provisions
  • Issues on the logistics of funding the trust and identifying and gathering trust assets
  • A discussion of administration of the trust, trust accounting, property management, management of investments and guardianship issues

Critical Issues on the Agenda 
Integrated Estate Planning Seminar Series: Seminar III: “Trust Administration”

I. Identifying the Players and Types of Trusts

  • Grantor, Settlor or Trustor
  • Trustees
  • Vested Beneficiaries
  • Contingent Beneficiaries
  • Investment Advisors

II. Types of Trusts

  • Revocable Inter Vivos Trusts
  • Irrevocable Trusts
  • Life Insurance Trusts
  • Testamentary Trusts
  • Credit Shelter Trusts or Family Trusts
  • Marital Deduction Trust
  • Qualified Terminable Interest Property (QTIP) Trust
  • Qualified Personal Residence Trust (QPRT)
  • Qualified Domestic Trust
  • Split Interest Trusts
  • Other Testamentary Trusts
  • Education Trusts for Children or Grandchildren
  • Special Needs Trusts

III. Living Trusts and Probate Avoidance

  • Court Involvement
  • Ethical Issues
  • Administration of the Family Trust
  • Trustee’s Duties and Responsibilities
  • Trust Administration Checklists
  • Court Procedure for Confirming Assets to Trust
  • Section 15, 200 of the Probate Code
  • Petition to Confirm Assets to Trust

IV. Allocating Assets Among Survivor, Marital and Exemption Trusts

  • Partitioning Assets between the Survivor and the Decedent’s Share
  • Funding Various Subtrusts

V. Trustee Duties, Powers and Compensation

  • Standard of Trust Management
  • Source of Trustee Powers
  • General Duties of Trustee
  • Trust Investments
  • Providing Information to Beneficiaries
  • Recordkeeping
  • Trustee Compensation

VI. Terminating a Trust and Distributing Among Beneficiaries

  • Creditor Issues
  • Trustee Accountings
  • Beneficiary Consent

VII. Tax Matters

  • Taxpayer Identification Number
  • Notice Concerning Fiduciary Relationship
  • Estate and Gift Taxes
  • Alternate Valuation Date
  • Income Taxes
  • Income Tax Basis
  • Income Tax Consequences to Beneficiaries
  • Decedent’s Final Returns
  • Fiduciary Returns
  • Summary

AudioCD Descriptions
Integrated Estate Planning Seminar Series: Seminar III: “Trust Administration”

CD/1 –  Introduction to the Trust Administration Process

  • Identifying the Players & Types of Trusts
  • Use a Team to Commence Probate Administration
  • Ethical Issues in Estate Planning (Conflict of Interest Issues & Disclosure Agreements)
  • Living Trusts & Probate Avoidance
  • Schedule A & the Notification Process

CD/2 – Administration of the Family Trust & Tax Considerations

  • Trust Checklist & Trustee’s Duties, Powers & Responsibilities
  • Case Study Analysis: Tax Issues
  • Estate & Gift Taxes
  • Income Tax Consequences to Beneficiaries & Decedent’s Final Returns
  • Marital Trust

CD/3 – Court Procedure for Confirming Assets to Trust & Allocating Assets Among Survivor, Marital & Exemption Trusts

  • Case Study: Participant Presentations & Review (Real Estate Issues, Accounting Issues, Trust Agreement & The Personal Investor Rule

CD/4 – Terminating a Trust & Distribution of Assets Among Beneficiaries

  • Portfolio Distribution
  • Fiduciary Responsibilities
  • Income Distribution & Tax Implications
  • Summary


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