Richard Mayberry taught this class or sections of it to Northern Virginia lawyers for continuing legal education: DRAFTING TRUSTEE PROVISIONS
10:15 - 10:45, Richard Mayberry - Is a Co-Trustee Needed? Personal or Professional?
- Spouse's Powers and Responsibilities Defined
- Removal and Resignation of Co-Trustees
- Drafting Instructions and Sample
MAJOR TRUST PROVISIONS – DEFINING THE MECHANICS OF ASSETS TRANSFER
10:45 - 12:00, Richard Mayberry - A-B Provisions in Detail
- Identifying Ultimate Beneficiaries
- Wealth Transfer Logistics
- Irrevocable Life Insurance Trust
- What Happens After Surviving Spouse's Death
- Simultaneous Death Provisions
- Planning for Taxes
- Drafting Instructions and Sample
| | From Event: Drafting the Essential Components of a Living Trust, held March 2009. |
Program Description | Trusts can provide spouses and beneficiaries with the power to use assets with minimal tax burdens. Do you have the skills you need to draft trusts for your clients? Do you have the tools you need to minimize the estate tax burden for spouses and beneficiaries? This practical guide will walk you through the process of drafting, using a sample AB living trust. Learn how you can minimize your clients' tax burden while allowing them access to property. Order today! |
Course Content | - Current Update on Estate Taxation
- Initial Client Interview – Getting the Information You Need
- Drafting Trustee Provisions
- Major Trust Provisions – Defining the Mechanics of Assets Transfer
- Assessing the Clients' Current Financial Situation and Future Needs
- Building in the Safeguards
- Miscellaneous Administrative Provisions
- Ethical Considerations
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