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Irrevocable Trusts: Types and Drafting Tips (On-Demand)

General Credits:
Original Date Of Course:

$129.00

Course Description

This course offers a comprehensive overview of irrevocable trusts, a critical estate planning tool for high-net-worth individuals and families seeking tax efficiency, asset protection, and legacy control. Participants will learn the key features, benefits, and limitations of irrevocable trusts, including their role in reducing estate taxes, shielding assets from creditors, and preserving wealth across generations. The session explores various types of irrevocable trusts—such as ILITs, SLATs, and IDGTs—along with funding strategies, trustee selection, and tax implications under the grantor trust rules. Attorneys will gain practical insights into structuring these trusts to meet clients’ goals while avoiding common pitfalls.

Syllabus

  1. Understanding Irrevocable Trusts
  2. Core Benefits and Strategic Purposes
  3. Types of Irrevocable Trusts
  4. Funding and Tax Considerations
  5. Administrative and Trustee Considerations

Credit Details

Course Type

Course Instructor

Vanessa M. Terzian, Esq.
Original Date Of Course

General Credits

1
Vanessa M. Terzian, Esq.
Vanessa M. Terzian, Esq.
Vanessa M. Terzian, Esq. is an adjunct professor of Wills and Trusts at Southwestern Law School with extensive experience in estate planning, probate, and trust administration developed through her work as a trust officer at Wells Fargo and her own legal practice. She holds recognition as a Rising Star by Super Lawyers and serves as a faculty member at the Institute for Preparing Heirs, drawing on her background in real estate and business to counsel families on comprehensive estate planning strategies.
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