This presentation will cover drafting options for specific bequests (sometimes called “pre-residuary gifts”) in a Will, revocable trust or joint revocable trust, using your InterActive Legal drafting system. We will discuss options for gifts of tangible personal property, including a memorandum approach (whether or not legally binding), general gifts, and specific gifts of particular items. Gifts of pets and the creation of pet trusts will also be covered. In the cash gifts area, we will examine how gifts of a pecuniary amount can be left outright or in trust, and how to make gifts that occur only after both spouses have died. Finally, we will cover different ways to make gifts of real estate and other assets.
InterActive Legal is a proud sponsor of the 2023 Academy of Florida Elder Law Attorneys (AFELA) UNPROGRAM. Be sure to stop by InterActive Legal’s exhibit booth to meet our Regional Sales Consultant, Lisa Briley, and learn about InterActive Legal’s comprehensive planning and drafting system for elder law attorneys. Our robust Elder Law Planning™ system aids in the planning phase and during the preparation of documents outlining and executing the modern Medicaid strategies that provide the most benefit for your client.
The Million Dollar Solution, founded in 2002, is a business coaching group for elder law and estate planning attorneys across the United States. At this event, a curated team of experts will share strategies and best practices to add this focus to your practice. Kickoff will be on Sunday evening with an Italian wine-tasting event followed by a reception. On Monday, the topic of discussion will be "7 Steps to Delegation."
One of the most frequent questions from subscribers is about how to draft a conduit or accumulation trust, and this drafting webinar is designed to address that question, and more. Of course, retirement benefits are non-probate assets, passing via separate beneficiary designation forms, but 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. But if a trust is named as a beneficiary, it must contain certain provisions to qualify for an extended payout of the retirement assets (to avoid having to be paid out – and subject to income taxation – within five years of the participant’s death.
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