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Drafting for Life Insurance and Retirement Benefits in InterActive Legal

August 26 @ 12:00 pm 1:00 pm EDT

Teresa L. Bush Esq.
Drafting Webinar

Subscriber Drafting Webinars provide continued training on various aspects of using the InterActive Legal software, usually focusing on drafting particular documents or using certain drafting options.  These webinars are free to ILS subscribers. They provide insight and training regarding specific documents and options available within the drafting systems. Subscribers will receive an email outlining the topic of each drafting webinar with instructions for registration.

Webinar Description

Life insurance and retirement benefits are non-probate assets, passing via separate beneficiary designation forms. Sometimes a client wants those assets to pass in the same manner as the rest of their property, so they might designate the trusts created in their estate plan as beneficiaries. This is why every InterActive Legal Will, Revocable Trust, and Joint Revocable Trust interview includes a screen called “Insurance and Benefits” – to facilitate this disposition of assets that wouldn’t otherwise be subject to the client’s Will or Revocable Trust.

In this webinar, we will spend most of the hour reviewing the “Insurance and Benefits” interview screen in detail, discussing the options available (which are the same in all practice systems), and what text is generated in the assembled document for each option or combination of options. This will include a demonstration of how to add conduit and accumulation trust provisions to Wills, Revocable Trusts, and Joint Revocable Trusts. We’ll then discuss some other ways to plan for life insurance and retirement assets, such as irrevocable life insurance trusts and other trusts in certain systems that have conduit and accumulation trust options.

Don’t miss this review of how to draft in InterActive Legal for these two specific assets that are owned by many estate planning clients and may require special treatment.

Continuing Education Credits

InterActive Legal is not an approved Continuing Education (CE) Sponsor. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by the webinar sponsors.

Speaker Bio

Teresa Bush joined InterActive Legal in 2007 and serves as Director of Education and Support Services.

Ms. Bush has been licensed to practice law since 1991, and focused her practice exclusively on issues of estate and gift tax planning, probate, charitable planning, and estate and trust administration. She began her practice in a small law firm, planning for clients of all levels of wealth. Thereafter, she practiced for a number of years in the Tax Section of Kelly, Hart and Hallman, P.C. in Fort Worth, Texas, and as an estate and gift tax consultant for the Dallas office of Ernst & Young, in both cases focusing on planning for very high net worth clients.

Ms. Bush received her J.D. from the University of Texas School of Law, where she was a research assistant for Professor Stanley M. Johanson. She studied at Edinburgh University and the London School of Economics prior to obtaining a B.A. in Economics and Political Science from Rice University in Houston. While studying abroad, she worked as an intern for a Member of Parliament in the British House of Commons.

Ms. Bush taught legal research and writing as a Teaching Quizmaster in law school, and later taught estate planning extension courses for American College of Financial Services CLU candidates. She has presented several online webinars on estate planning and drafting topics, and is the author or co-author of a variety of estate planning articles.

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