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

Estate planning often focuses on where property passes at death, either via a revocable trust or a last will and testament.  In some cases, however, a client may want to make gifts of property during lifetime, or they may be advised to do so for various reasons.  Those lifetime gifts could be made outright, but in many situations, the client may prefer to use a trust.  The donees of lifetime gifts might benefit from having the gifts in trust as well.  

In this drafting webinar, we will briefly go over various reasons why property might be transferred into an irrevocable trust during lifetime – providing for education and other needs for family members, changing ownership for tax or Medicaid planning purposes, protecting assets from unforeseen creditors, and more.  We’ll discuss what type of trust might be appropriate in those situations, and how to draft those trusts in InterActive Legal.  Trusts that will be covered are the “Irrevocable Trust,” which is available in all practice systems, as well as the Single Beneficiary Irrevocable Trust, available in Wealth Transfer Planning and Elder Law Planning only.

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 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