Endorsed by the Real Property, Probate, and Trust Law Section of the State Bar of Wisconsin
In this 40th Annual Update We Trust
Trust us, the 40th Annual Estate Planning will tell you everything you need to know about trusts—and more! Learn about the latest in state and federal estate planning legislation and case law, as well as the latest revisions coming to the trust and estate accounting rules. Lawyers of all experience levels will gain relevant estate planning techniques for working with clients with a diverse range of needs.
Planning for individuals with disabilities
Estate plans that will provide for individuals with disabilities involve special considerations. Families want to make sure their loved ones will be taken care of, but you have to be careful that in creating a trust, the person’s eligibility for essential government benefits isn’t compromised. Analyze the differences between Wispact, Life Navigators, and individually-drafted trusts. Discuss how an ABLE account differs from a special needs trust and whether it is a good option for your client.
Decanting an irrevocable trust
As the name suggests, once an irrevocable trust is in place, the ability to adjust its term is limited by fairly rigid rules. But rigid doesn’t mean it can’t be done. The process of decanting allows a trustee to distribute assets to a new trust with preferred provisions. In light of the current high exemptions offered under the most recent Tax Act, you’ll learn how to determine when you should decant, revise, or terminate a trust. Plus, discover why non-judicial settlement agreements are often used when a trust isn’t working as intended.
Directed trusts are flexible tools that can provide attractive planning solutions for clients with special assets and circumstances. Learn the advantages of dividing administrative, distribution, and investment roles.
Contested estate issues
Using boilerplate language in trust documents heightens the risk of litigation. Pick up best practices for drafting trusts that broaden a trustee’s authority to invest without triggering the prudent investor rule. Unpack the ambiguity surrounding Wis. Stat. 244.16. Understand why intent matters and needs to be stated with specificity!
Plus, learn how to address post-death challenges to marital property agreements.
Register now for this information-packed update!
Real Property, Probate, and Trust Law Section members receive a $50 discount on the live seminar and webcast replays.
*The $50 discount only applies to live, live webcast, and webcast replays versions of this seminar – not CLE OnDemand. RPPT members with Ultimate Passes, other CLE passes, or PINNACLE discounts are not eligible for this discount. The RPPT Section may discontinue this discount at any time.