Protectors, Selectors, Substitutors, Oh My: Advanced Trust Drafting (2024FTINE-3B)

Thursday, November 14, 2024

2:45 PM to 3:45 PM

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Estates and Probate Track

Presented by the Estates and Probate, Tax, and Business Law Sections

About the Program

Clients ask about SLATs, GRATs, IDGTs, Dynasty Trusts, and Grantor Trusts (to name only a few strategies).  This session will provide an overview of trust design, emphasizing types of trusts, the role of trustees, the utilization of directed trusts, and the practical implications of distribution terms.  Participants will hear about real-life cases which will examine the relationship between trusts, tax planning, and asset protection planning.

You Will Learn

How to select trust jurisdiction
Creative ways to split trustee responsibilities
About ascertainable standards and asset protection
About drafting for grantor trust status and income tax reimbursement
How to include advanced provisions – such as protectors and selectors

Who Should Attend

Attorneys, drafting paralegals, and other advisors who wish to better understand sophisticated estate planning strategies.

Credit

CT: 1.0 CLE Credit (General)
NY: 1.0 CLE Credit (AOP)

The Connecticut Bar Association/CT Bar Institute is an accredited provider of New York State CLE. This program qualifies for newly admitted and experienced attorneys CLE credits. 

Attorneys seeking NY CLE credit who have been admitted to the New York State Bar for two years or less must attend the live seminar for skills or ethics credit, a fully interactive videoconference, or simultaneous transmission with synchronous interactivity. Diversity, Inclusion and Elimination of Bias CLE credits are only available as non-transitional credits. For further information please see the NYCourts.gov page on CLE: http://ww2.nycourts.gov/attorneys/cle/index.shtml.

Speakers

clear_michael1 Michael T. Clear
Wiggin and Dana LLP, Greenwich, CT

Erin Nicholls1 Erin D. Nicholls
Wiggin and Dana LLP, Madison