Session 5: Introduction to Planning with Trusts
Airing on Tuesday, April 16th @ 1 pm ET
This session is part of the InterActive Legal Academy Estate Planning Basics Series
Faculty
Teresa L. Bush Esq.Course Description
In this session, we will continue to examine when and why to use trusts instead of transferring property outright to the recipients. Important factors may be that the client is in a second marriage, has minor beneficiaries, or beneficiaries with other special issues – like creditor problems or special needs. We will discuss how trusts are created, administered, and distributed, different types of trusts, distribution standards, incentive language, and trust termination. We will also introduce powers a trust beneficiary can hold, including the power to be a co-trustee or the sole trustee of a trust.