Understanding and Using Trusts - Webinar
This series consists of nine programs, each dedicated to a key area of trust law.
Our expert faculty will explain the purposes, mechanisms and key clauses included in a wide variety of trusts typical for a Colorado trust and estate practice. You will learn the client needs that each trust addresses and how each type of trust meets those needs. You will learn common errors that practitioners may make when working with these trusts. Other important issues that concern trusts, such as taxation, ethics, liability, and malpractice will also be covered.
The full series includes 32 CLE credit hours, providing you with a detailed trusts education that goes a level deeper than ordinary CLE seminars!
From taxes, to funding, to the duties of the trust-maker, beneficiary, and trustee, you will get current guidance on the use of trusts in your practice, making this a "must attend" series of seminars.
The purposes, mechanism and key clauses in a wide variety of trusts
Important issues such as tax, ethics, liability and malpractice
8 programs in all!
Session 1: Thursday, February 11, 2021 - Revocable Living Trusts: Design, Implementation, and Other Issues
Session 6: Thursday, April 8, 2021 - Dealing with "Civilian" Trustees When There is a Dispute During Trust Administration
Session 8: Thursday, May 6, 2021 - Understanding and Using Specialized Trusts, Including GRATs, IDITs, SLATs, Pet Trusts, and More!
If special accommodations are needed, please contact us at [email protected]. Requests must be made at least two weeks prior to the scheduled program.
The program will be submitted for CLE accreditation in Colorado. If you need to seek accreditation in another state, please review the process and requirements for that individual state. CBA-CLE staff can provide a Uniform Certificate of Attendance, and it is the attendee’s responsibility to complete the accreditation outside of Colorado.
Select Thursdays
9:00 am – 12:15 pm (with a 15 minute break)
Session 1: Thursday, February 11, 2021
Revocable Living Trusts: Design, Implementation, and Other Issues
Presented by Mark D. Masters, Esq., Glatstein & O’Brien LLP, and Rikke M. Liska, Esq., Kaufman, Findley, & Smith, PC.
Session 2: Thursday, February 25, 2021
Taxation of Trusts
Presented by Georgine M. Kryda, Esq., Georgine M. Kryda, Ph.D., Esq., LLC
Session 3: Thursday, March 4, 2021
Dynamic Trusts: The Future is Now
Presented by Jessica L. Broderick, Esq., Sherman & Howard L.L.C., and Taylor M. Dix, Esq., Williams Weese Pepple & Ferguson
Session 4: Thursday, March 11, 2021
Counseling Trustees on Their Duties
Presented by Darla Daniel, Esq., Vice President – Trust Counsel, Alpine Bank Wealth Management, and Honorable Jean Stewart (ret.), Jean Stewart LLC
Session 5: Thursday, March 25, 2021
Understanding Charitable Remainder and Charitable Lead Trusts
Presented by Jessica Diaz, Esq., Sherman & Howard LLC, Margot Edwards, Esq., Holland & Hart LLP, Elizabeth Meck, Esq., Northern Trust, and L. William Schmidt, Jr., Esq.
Session 6: Thursday, April 8, 2021
Dealing with "Civilian" Trustees When There is a Dispute During Trust Administration
Presented by Keith D. Lapuyade, Esq., Lapuyade Law LLC, Michelle Mieras, Esq., BOK Financial, and Alison E. Zinn, Esq., Lathrop Gage LLP
Session 7: Thursday, April 22, 2021
Strategic Trusts for Elderly and Disabled Clients
Presented by Bradley J. Frigon, JD, LLM, CELA, Law Offices of Bradley J. Frigon, LLC
Session 8: Thursday, May 6, 2021
Understanding and Using Specialized Trusts, Including GRATs, IDITs, SLATs, Pet Trusts, and More!
Presented by Randi M. Grassgreen, Esq., Hutchinson Black and Cook, LLC, Bette Heller, Esq., Law Offices of Bette Heller, P.C., and Shelly D. Merritt, Esq., S.D. Merritt & Associates, P.C.
Session 9: May 13, 2021
Irrevocable Life Insurance Trusts (ILITs) – From the Ground Up
Speakers to be Announced
Registration Fees
| Non Member | $1750.00 |
| Sponsor Rate | $1750.00 |
| CBA Member | $1300.00 |
| CBA Trust & Estate Law Section Member | $1030.00 |
| Paralegal/Legal Support Staff | $650.00 |
| Student Currently Enrolled in Law School | $0.00 |
| CLE Elite Pass Holder | $0.00 |
| New Lawyer Edge Partner | $0.00 |
- General Credits: 32.00
- Ethics Credits:
- EDI Credits:
To join the CBA or add a Section to your membership click
Sponsor Information
Schedule for All Sessions:
9:00 am – 10:00 am
Program
10:00 am – 10:15 am
Networking Break
10:15 am – 12:15 pm
Program
12:15 pm
Adjourn
Session 1: Thursday, February 11, 2021
Revocable Living Trusts: Design, Implementation, and Other Issues
Topics Include:
- Design and Drafting Issues
- Income and Estate Tax Issues ParticularPeculiar to Revocable Living Trusts
- Joint Revocable Trusts
- Issues to Consider When Choosing Between a Trust or a Will Asset Titling and Trust Funding
Presented by Mark D. Masters, Esq., Glatstein & O’Brien LLP, and Rikke M. Liska, Esq., Kaufman, Findley, & Smith, PC.
Submitted for 4 General CLE Credits
Session 2: Thursday, February 25, 2021
Taxation of Trusts
Topics Include:
- Grantor Trust Status
- Fiduciary Income Taxes Related to Trusts and Estates (Including Tax Issues - Related to Trust Termination)
- Ten Trust Income Tax Planning Issues to Consider
- Possible Changes to the Federal Estate Tax
Speakers to be announced
Submitted for 4 General CLE Credits
Session 3: Thursday, March 4, 2021
Dynamic Trusts: The Future is Now
The once-stodgy field of trusts is now among the most rapidly evolving in the law. This session will provide a survey of new developments in Colorado and trends across the country.
- The Colorado Uniform Trust Code
- Mandatory ADR
- Trust Decanting
- Directed Trustees, Siloed Trustees
- Situs Shopping
- What Might be in Store for the Future?
Presented by Jessica L. Broderick, Esq., Sherman & Howard L.L.C., and Taylor M. Dix, Esq., Williams Weese Pepple & Ferguson
Submitted for 4 General CLE Credits
Session 4: Thursday, March 11, 2021
Counseling Trustees on Their Duties
- Fiduciary Defined, Including
- Trustee
- Personal Representative
- Conservator
- Agent (Under Durable Financial Power of Attorney)
- Guardian (to the Extent of Financial Responsibilities)
- Basic Statutes, Principles and Requirements of Fiduciary Administration
- Summary of the Court Intervention Concept and Issues that Require Court Intervention
- Who Can or Should Serve as a Fiduciary
- Where to Find Materials and Guidelines for Various Fiduciaries (Including Useful Examples)
- Trustee Duties In-depth
- The Trustee's Duties Defined and Explained
- Written Materials Include a Sample Letter from Counsel to a Trustee of a Newly Funded Trust
Speakers to be announced
Session 5: Thursday, March 25, 2021
Understanding Charitable Remainder and Charitable Lead Trusts
Topics Include:
- Overview
- Types of Charitable Remainder Trusts
- Types of Charitable Lead Trusts
- Trust Considerations:
- Payout
- Terms
- Uses and Language
- Tax Consequences
- How to Assign Income to Charity
- Funding and Investment Options
Presented by Jessica Diaz, Esq., Sherman & Howard LLC, Margot Edwards, Esq., Holland & Hart LLP, Elizabeth Meck, Esq., Northern Trust, and L. William Schmidt, Jr., Esq.
Session 6: Thursday, April 8, 2021
Dealing with "Civilian" Trustees When There is a Dispute During Trust Administration
Topics Include:
- The Duty to Diversify
- Trustees' Affirmative Duties Under the UPIA
- Total Return Unitrusts (TRUs)
- Liabilities and Pitfalls Trustees May Encounter
- Liabilities of trustees who do not properly administer their estates
- Liability factors
- Unforeseen consequences of failure to adhere to required duties
- Pitfalls for the unwary
- Problems That Commonly Arise in Trust Administration
- How the attorney and the court can become engaged in these problems
- When trustees seek (or should seek) assistance from counsel
- Asking the court for instructions
- Instructions the court may give that can protect the trustee from liability
Speakers to be announced
Session 7: Thursday, April 22, 2021
Strategic Trusts for Elderly and Disabled Clients
Topics Include:
- First-Party Special Needs Trusts Created with the Beneficiary's Own Funds
- Third-Party Special Needs Trusts Created by Parents for a Disabled Child
- Third-Party Special Needs Trusts Created by a Spouse for the Benefit of a Spouse in a Nursing Home
- Public Benefits Primer
- Tax Issues Related to Special Needs Trusts
Presented by Bradley J. Frigon, JD, LLM, CELA, Law Offices of Bradley J. Frigon, LLC
Session 8: Thursday, May 6, 2021
Understanding and Using Specialized Trusts, Including GRATs, IDITs, SLATs, Pet Trusts, and More!
Topics Include:
- Grantor Retained Annuity Trusts (GRATs)
- Intentionally Defective Irrevocable Trusts (IDITs) (including discussion of using an IDIT in combination with the sale of an asset)
- Spousal Lifetime Access Trusts (SLATs)
- Qualified Personal Residence Trusts (QPRTs)
- Pet Trusts
- … and more!
Speakers to be announced
Session 9: May 13, 2021
Irrevocable Life Insurance Trusts (ILITs) – From the Ground Up
Topics Include:
- An Effective Way to Minimize a Grantor's Estate Tax Liability
- What are Fact Situations that Call for Use of an ILIT?
- Using an ILIT to Fund a Special Needs Trust
- How are ILITs Created?
- What are the Key Provisions in an ILIT?
- What are the Pitfalls When Using an ILIT?
- SLATs and Life Insurance
Learn the answers to these and other important ILIT questions when you attend this informative program!
Speakers to be announced