The Complete Trust Course
Agenda
Wednesday, October 21, 2020 Presented by Morris R. Saunders
11:00 am – 3:15 pm CDT (including a 15-minute break)
Understanding Estate, Gift, Income and Trust Taxation
Overview of federal estate and gift taxation
Calculating the estate tax
Overview of trust taxation
Examining estate, gift and GST rates and exemptions
Income and Generation-Skipping Transfer Tax Basics
Overview of the income tax system
Overview of GST
199A
The Critical Role of Testamentary Trusts in the Estate Plan
Purposes and features of trusts, including testamentary trusts
• Martial trusts and family trusts Choosing a trustee and a situs
• Credit shelter/bypass trusts Spousal lifetime access trust
Irrevocable Trusts and the Basics
Purposes of irrevocable trusts
Crummey powers
Dynasty trusts
Understanding related tax issues
Amendment/termination strategies
Using Revocable Trusts
Characteristics and advantages/disadvantages of revocable trusts
Understanding related tax issues
Thursday, October 22, 2020 Presented by Russell A. Willis III, J.D., LL.M.
11:00 am – 2:15 pm CDT (including a 15-minute break)
IRAs and Trusts: Sophisticated Beneficiary Choices
General overview
Spousal rights and distribution rules
Using a trust as a plan beneficiary
Estate planning and charitable planning with qualified plans
Asset Protection Planning for Seniors and the Disabled
Overview of government benefit programs
Planning for spouses, supplemental needs trusts
Trust options
Advanced Trust Planning
Charitable planning
Qualified domestic trust, S corporation trusts
Onshore-offshore asset protection and spendthrift trust
Discount planning
Webinar Instructions
All attendees must log-on through their own email – attendees may not watch together if they wish to earn continuing education credit. HalfMoon Education Inc. must be able to prove attendance if either the attendee or HalfMoon Education Inc. is audited.
Certificates of completion can be downloaded in PDF form upon passing a short quiz. A link to the quiz will be sent to each qualifying attendee immediately after the webinar. The certificate can be downloaded from the Results page of the quiz upon scoring 80% or higher.
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Windows 7 – 10 or Mac OSX Mavericks (10.9) – macOS Catalina (10.15)
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The two most recent version of the following browsers:
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled
Internet connection: Minimum of 1Mbps Hardware: 2GB RAM or more
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Credits
Accountants:
8.0 CPE Hours
Texas Accountants:
8.0 CPE Hours
Certified Financial Planners:
8.0 CE Hours (Tax Planning)
California, Arizona, New Hampshire, and Vermont Attorneys:
7.0 CLE Hours
New York Attorneys:
8.0 CLE Hours
TX Attorneys:
7.0 CLE Hours
Specialization:
7.0 Estate Planning and Probate Law, 7.0 Tax Law
Texas Paralegals:
7.0 Estate Planning and Probate Law
Continuing Education Credit Information
HalfMoon Education Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org. Sponsor No. 103015.
HalfMoon Education Inc. is an approved CPE provider for Texas accountants (Sponsor ID: 001151). This provider approval does not constitute approval or endorsement of individual programs.
HalfMoon Education Inc. is a CFP Board-registered continuing education sponsor. The Certified Financial Planner Board of Standards, Inc. has granted continuing education credit for each of these webinars. See each listing for the credits that are available.
HalfMoon Education Inc. is certified by the New York State CLE Board as an Accredited Provider of CLE programs. Each webinar offers 8.0 CLE hours in nontraditional format consisting of Areas of Professional Practice hours, which are appropriate for experienced attorneys.
HalfMoon Education is an approved CLE provider for California and Vermont attorneys. Arizona and New Hampshire CLE providers and courses are not subject to preapproval. See each course listing for available CLE hours.
HalfMoon Education is an approved for continuing education credit for enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g). See each listing for the credits that are available.
Participation will be monitored and reported, as required. Attendance certificates will be available after the webinar for those individuals who complete the entire webinar, comply with the monitoring requirements, and score at least 80% on the quiz that follows the instruction (multiple attempts allowed)
Speakers
Morris Saunders
Levin & Ginsburg Ltd.Attorney with Levin & Ginsburg Ltd.Mr. Saunders is a partner in the Chicago law firm of Levin & Ginsburg Ltd. He concentrates his practice in the areas of wealth management, asset protection, estate planning, business planning and taxation law, real estate, business succession planning, and deferred compensation. He is a member of the Chicago Estate Planning Counsel and the Chicago Bar Association. Mr. Saunders has spoken to various professional and community groups about estate planning, trusts, estates, business succession planning, and deferred compensation. He has hosted a series of workshops for the College of Lake County aimed at teaching small business owners various legal aspects of forming business entities, maintaining those entities and handling other issues facing business owners. Mr. Saunders earned his B.A. degree from the University of Virginia, his J.D. degree from The John Marshall Law School, and his LL.M. (tax) degree from DePaul University. He is a member of the Family Firm Institute and a founding member of the Private Directors Association.
Russell A. Willis III J.D. LL.M.
Mr. Willis is a tax lawyer, freelance writer, and consultant and advisor to lawyers, on issues related to wealth transfers. He has written numerous articles for publications serving tax and charitable gift planning professionals, and he is a frequent conference and seminar speaker throughout the country.
Three years ago, he launched a newsletter, the Jack Straw Fortnightly, analyzing current developments in the law – both tax and nontax – concerning the transfer of private wealth in this country.
Mr. Willis chaired the Steering Committee of the Probate and Trust Law Section of his local bar association and served on a legislative drafting subcommittee for the Probate and Trust Law Committee of the State Bar. He has also written numerous articles for law journals and publications.
Mr. Willis has a law degree from St. Louis University and a master’s degree in Taxation Law from Washington University in St. Louis. His undergraduate degree in English Literature is from Indiana University, Bloomington, and he has a master’s degree in English from the University of Chicago.