CLE Approved
AK, AL, AR, AZ, CA, CT, HI, IL, ME, MN, MO, ND, NH, NJ, NM, NV, NY, OH, PA, RI, VT, WA, WI, and WV

Gain an understanding of what documents are needed for estate planning and how to best help clients through the process.

Estate planning is a process that should be undertaken by nearly every person because if you fail to create your own estate plan, state laws will create one for you (and it may not be the one you want). Therefore, having properly drafted estate planning documents are key. But what is estate planning, and what documents are needed? How can attorneys help clients through the estate planning process? This material will review the various ways of passing property to the desired recipients at death and how to plan for the possibility of becoming incapacitated during lifetime – both of which are part of a good estate plan. We will consider the differences between wills and revocable trusts and when one might be recommended over the other. We will also review various ways of setting up an estate plan to take care of a person’s surviving spouse and children. The presenter will discuss the use of trusts to protect property for heirs, naming a guardian in the event one is needed, and possible traps for attorneys who may be new to estate planning. The material will also briefly cover advanced estate planning concepts, such as estate taxation, lifetime gifts, and the related areas of elder law and special needs planning.

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Speaker Bio

Teresa L. Bush Esq.

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.

• Teresa L. Bush Esq.

  https://interactivelegal.com/author/teresa-l-bush-esq/

  How WTP Has Been Revised to Cope with Drafting 2010
• Teresa L. Bush Esq.

  https://interactivelegal.com/author/teresa-l-bush-esq/

  Turning Off Grantor Trust Status
• Teresa L. Bush Esq.

  https://interactivelegal.com/author/teresa-l-bush-esq/

  Turning Off Grantor Trust Status