Integrated Estate Planning: “Trust Administration”

advanced legal training institute presents…

Agenda for the Advanced Legal Training Institute Seminar entitled:

INTEGRATED ESTATE PLANNING SEMINAR SERIES I-IV:
Seminar III: “Trust Administration”

Overview of Seminar, Presenter & MCLE Credit
Critical Issues on the Agenda & Course Outline
AudioCD Descriptions

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 & Course Outline
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
Program 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 & Conclusion

CLICK HERE to Order/Purchase any of the 4-Part Integrated Estate Planning Seminar Series and Seminar Workbook(s)

E-MAIL us with questions or call (650) 960-3772

Seminar Information

Your Instructor

Francis B. Doyle, Esq., WealthPLAN, the presenter, is a member of the State Bar of California and is certified by the California State Bar as a specialist in taxation law and probate, estate planning and trust law. In addition, Mr. Doyle is a frequent lecturer for the California Continuing Education of the Bar (CEB), Lorman Education and National Business Institute (NBI). Mr. Doyle is the founder of WealthPLAN and brings over 30 years of experience in tax, estate planning, probate and trust administration. He is also a professor at Lincoln Law School of San Jose, where he teaches the wills and trusts and real property courses and is a member of the Academic Standards Committee. Mr. Doyle is past president of the Santa Clara County Estate Planning Council. He is Chair of the Planning Committee, Annual Jerry A. Kasner Estate Planning Symposium, Santa Clara University, School of Law. Mr. Doyle presently serves on the Santa Clara University Planned Giving Committee, the Diocese of the San Jose Planned Giving Committee and the Notre Dame High School Endowment Committee. Mr. Doyle is the past president of the Silicon Valley Planned Giving Council and past chair of Planned Giving for the Foundation for Hope. Mr. Doyle received his B.A. degree from Santa Clara University, his J.D. degree from the University of San Francisco Law School and his M.S. degree in taxation from Golden Gate University. Prior to founding WealthPLAN, he was a shareholder at a large San Jose law firm, where he specialized in tax and estate planning, trust administration and trust litigation.

Seminar Workbook and Written Materials
As a registered participant, you will receive a professionally prepared manual with each seminar recording. The comprehensive Seminar Workbook contains both forms and practical exercises to help you learn and remember everything that is covered during the seminar. It is a valuable reference tool designed to help you understand the concepts and nuances of the integrated estate planning process from start to finish.

Continuing Education Credit
Advanced Legal Training Institute is a State Bar approved MCLE sponsor and each course qualifies for 6.50 MCLE hours. Please remember to indicate your license number, ID or other necessary information on the online order form, as this will ensure timely reporting of continuing education credit. The State Bar of California has approved each seminar in the Integrated Estate Planning Seminar Series for 6.50 Credit Hours of MCLE credit, including 1.5 Credit Hours of Legal Ethics.

Each program (4-CD Audio Recording(s) in the Integrated Estate Planning Seminar Series is approved for 6.5 Credit Hours MCLE including 1.5 Credit Hours of Legal Ethics (CalBar Approved Provider No. 13751). If you purchase and study the entire 4-part Integrated Estate Planning Seminar Series, you will easily complete your 3-year MCLE requirements—(26 Credit Hours MCLE, including 6.0 Credit Hours of Legal Ethics). Each seminar recording has been edited and formatted to provide the most timely, relevant and effective continuing legal education available. Listen to your 4-CD Audio Seminar Recording (s) on your home/office computer, inside your car during commute or travel time and/or downloaded to your iPod. This set of audio recordings provides a strong foundation to both expand and enhance the practice of estate planning and trust administration.

Our Mission
Advanced Legal Training Institute is dedicated to helping attorneys meet their Continuing Legal Education (CLE) hours in a simple “All-Your-MCLE-in-a-Box” system. We offer the most relevant, state-of-the-art legal education available, including:

• Live and recorded MCLE seminar & teleseminar packages (half-day and full-day)
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• Estate Planning Updates

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