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  • ON-DEMAND

Trust Establishment Intensive: From Drafting to Funding – Common Errors and How to Avoid Them (On-Demand)

General Credits:
Original Date Of Course:

$199.00

Course Description

Gain practical tools for establishing trusts from drafting to funding, including discussion on common drafting errors, overlooked administrative provisions, and common funding errors.

Principles

  • Get practical tips for drafting trusts and avoid common errors such as ambiguous terms and provisions and inconsistent drafting
  • Understand often overlooked administrative provisions, how they affect trust administration and taxation, and when to include them
  • Get practical tips on how to fund trusts – including where common errors occur

Syllabus

  1. Review common terms and provisions used in trust drafting and how they are interpretated in administration
  2. Review examples of ambiguous terms and inconsistent drafting
  3. Understand administrative provisions relating to tax treatment of income and principal, and extend of authority of trustee in investment, loans, etc.
  4. Review funding mechanism – including where common errors occur
  5. Review examples of funding errors

Credit Details

Course Type

Course Instructor

Leah A. Morrison, Esq.
Original Date Of Course

General Credits

2
Leah A. Morrison, Esq.
Leah A. Morrison, Esq.
Leah A. Morrison, Esq. is a partner at English, Lucas, Priest & Owsley, LLP in Bowling Green, Kentucky, where she concentrates her practice in probate administration, estate planning, tax strategy, and Special Needs and Medicaid planning. She holds a J.D. magna cum laude from the University of Louisville Brandeis School of Law, an LL.M. in taxation magna cum laude from the University of Alabama, and a B.A. in Criminal Justice from George Washington University, and serves as Chair of the Probate & Trust Law Section of the Kentucky Bar Association.
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