Overview
Revocable living trusts are a foundation of many estate plans. The use of a revocable living trust generally provides for a confidential distribution of family wealth without required court interference and also allows for assets to avoid probate in most jurisdictions. Using a revocable living trust allows for planning in the event of incapacity without having to formally declare a person incompetent and without requiring the opening of a guardianship proceeding. A revocable living trust can provide a simplistic method of utilizing estate tax exemptions in the most efficient manner possible. Join us for our upcoming teleconference and learn about the latest issues effecting revocable living trusts today!
Authors
Philip J. Tortorich, Katten Muchin Rosenman LLP
Self Study Credit - OnDemand Webinar
| CLE | 1 | PA, UT | |
| CLE | 1.25 | NC | |
| CLE | 1.4 | MS, NM | |
| CLE | 1.43 | TN | |
| CLE | 1.5 | AK, AL, AZ, CA, DE, HI, ID, IL, KY, MT, ND, NE, NY, OH, OR, TX, VT, WA, WI, WY | |
| CLE | 1.8 | MO, WV | |
| CLE | 2 | CO, FL, OK | |
Self Study Credit - CD & Reference Manual
| CLE | 1.5 | AK, AZ, CA, GA, HI, ME, MT, ND, NM, NV, NY, OR, TX, UT, VT, WA | |
| CLE | 1.8 | MO, WV | |
| CLE | 2 | CO, FL | Elder Law 1.5; Wills, Trusts, and Estates 1.5 |
Self Study Credit - Podcast
| CLE | 1.5 | AK, CA, ME, MT, ND, NM, NV, OR, TX, UT, VT, WA | |
| CLE | 1.8 | MO, WV | |
| CLE | 2 | CO, FL | |
Agenda
What Is a Revocable Living Trust?
Why Use a Revocable Living Trust?
- Confidentiality
- Avoidance of Probate Proceedings
Why Fund a Revocable Trust During Lifetime?
- Incapacity
- Special Assets - Using Nominee Trust
How Do You Fund a Revocable Trust With Real Estate?
- Issues Involving Mortgages
- Title Commitment
- Deeds
What Are the Tax Implications of Funding a Revocable Trust During Lifetime?
How Do You Plan for Optimal Use of Estate Tax Exemptions With Revocable Trusts?
- Credit Shelter Trust/Marital Trust (A/B Planning)
- Joint Revocable Trusts for Exemption Efficiency
