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Drafting for Life Insurance and Retirement Benefits in InterActive Legal
August 26, 2022 @ 12:00 pm – 1:00 pm EDT
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.