CLE EVENT: IRREVOCABLE TRUST PLANNING FOR THE EVERYDAY ESTATE PLANNING CLIENT

Tuesday, May 2, 2023

Sponsored by NetLaw

Join us for NetLaw’s complimentary Continuing Legal Education (CLE) webinar on Tuesday, May 2nd, from 1-2:30pm EST. “Irrevocable Trust Planning for the Everyday Estate Planning Client” will feature insights from Jessica Konrad, Attorney at Buechner Haffer Meyers & Koenig Co., LPA, in Cincinnati and Erica Ellis, Advanced Planning Attorney at Hargrove Firm. Topics will include an introduction to the various types of Irrevocable Trusts; how to draft these trusts for everyday clients to ensure flexibility, among other benefits; legacy and charitable planning through Domestic Asset Protection Trusts and Charitable Trusts; and use of certain trust roles to create additional protection and flexibility within Irrevocable Trusts.

Accreditation Information:

This course has been approved by The Florida Bar for 1.5 General credits.

This activity has been approved by the Kentucky Bar Association Continuing Legal Education Commission for a maximum of 1.25 credits, including 0 ethics credits.

This program has been approved by the Supreme Court of Ohio Commission on Continuing Legal Education for 1.25 hours of CLE Credit.

This course has been approved by the Tennessee Commission on Continuing Legal Education for a maximum of 1.33 hours of credit.

This course has been approved by the Wyoming State Bar for 1.25 General credits.

This activity has been approved for 1.0 General CLE credit in Colorado.

AGENDA

Jodie Orozco, Chief Commercial Officer, NetLaw

1:00 pm – 1:05 pm EST

Sponsor Introduction

Erica Ellis, Advanced Planning Attorney, Hargrove Firm

1:05 pm – 1:15 pm EST

Introduction to the Different Types of Irrevocable Trusts

Learning Outcome: Mrs. Ellis will discuss the different types of Irrevocable Trusts to consider for everyday clients, including AB Trusts, Life Insurance Trusts, IRA Trusts and Family Protection Trusts; and the specific goals they will accomplish, including asset protection, legacy preservation, and minimizing estate taxes.

Jessica Konrad, Attorney, Buechner Haffer Meyers & Koenig Co., LPA

1:15 pm – 1:35 pm EST

Legacy & Charitable Planning through Domestic Asset Protection Trusts & Charitable Trusts

Learning Outcome: Ms. Konrad will discuss the benefits of utilizing an Asset Protection Trust to avoid probate, prevent beneficiaries from wasting their inheritance, provide for assets to minors, minimize tax burdens and protect assets from creditors. She will also discuss planning for those that are charitably inclined.

Erica Ellis

1:35 pm – 1:55 pm EST

Important Considerations in Drafting Irrevocable Trusts to Best Serve Your Client

Learning Outcome: Mrs. Ellis will dive deeper into recommendations for how to draft Irrevocable Trusts for everyday clients to ensure flexibility, reduce court involvement and protect a client’s inheritance for future generations.

Break

1:55 pm – 2:00 pm EST

Erica Ellis + Jessica Konrad

2:00 pm – 2:15 pm EST

Additional Flexibility & Options for Irrevocable Trusts

Learning Outcome: Mrs. Ellis and Ms. Konrad will discuss the options of using Trust Protectors and Advisory Committees to create additional protection and flexibility within Irrevocable Trusts. They will also discuss the supplementary language options to make an Irrevocable Trust a Grantor Trust and the tax benefits of doing so.

Q&A

2:15 pm – 2:30 pm EST