Estate Planning And Will Drafting 2022
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This program will highlight current estate planning techniques and the means of implementing them. This program is transitional and suitable for all attorneys including those newly admitted.
Day 1
• Advance Directives
• Powers of Attorney and Health Issues
• Medicaid Planning and Irrevocable Income Only Trust
Day 2
• Drafting the Revocable Trust
• Supplemental Needs Trust
• Tax Planning
• Ethical Considerations
- June 15, 2022
- June 16, 2022
- 9:00 AM
- 12:15 PM
- 6.0
- 1.0
- 7.0
- Virtual Participation
Agenda
Wednesday, June 15
Day 1
(Day 1 – 3.5 credits in Areas of Professional Practice)
9:00 a.m. – 9:10 a.m.
Welcome and Introduction
Speaker:
Michael E. O’Connor
Costello Cooney Fearon
Syracuse, NY
9:10 a.m. – 9:40 a.m.
Advance Directives
• Interviewing the Client
• Financial Information and Family
Speaker:
Azriel J. Baer
Farrell Fritz, P.C.
Uniondale, NY
0.5 Credit in Areas of Professional Practice
9:40 a.m. – 10:30 a.m.
Powers of Attorney and Health Issues
• Powers of Attorney
• Health Care Proxies and Living Wills
Speaker:
Kathryn Grant Madigan
Levene Gouldin & Thompson, LLP
Vestal, NY
1.0 Credit in Areas of Professional Practice
10:30 a.m. – 10:35 a.m.
Break
10:35 a.m. – 11:25 a.m.
Drafting the Will
• Capacity and Execution
• Specific and General Bequests
• Testamentary Trusts for Young Beneficiaries
• Testamentary Trusts for Spendthrifts
• Administrative Provisions
- Survivorship Requirements
- No Contest Clause
- Tax Allocations/Apportionment
- Sample Will
Speaker:
Allison A. Gatoff
Farrell Fritz, P.C.
Uniondale, NY
1.0 Credit in Areas of Professional Practice
11:25 a.m. – 12:15 p.m.
Medicaid Planning and Irrevocable Income Only Trust
• Basic Medicaid Eligibility Rules
• Asset Protection Trusts
- Income Only Trust
- Powers of Appointment
- Revoking an Irrevocable Trust
- Coordinating with Estate Plan and Will
Speaker:
Michael E. O’Connor
Costello Cooney Fearon
Syracuse, NY
1.0 Credit in Areas of Professional Practice
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Thursday, June 16
Day 2
(Day 2 – 2.5 credits in Areas of Professional Practice; 1.0 Ethics)
9:00 a.m. – 9:05 a.m.
Welcome and Introduction
Speaker:
Azriel J. Baer
Farrell Fritz, P.C.
Uniondale, NY
9:05 a.m. – 9:35 a.m.
Drafting the Revocable Trust
• Coordination with Pour Over Will
• Capacity and Execution
• Single Trust or Joint Trust
• Trust Provisions During Grantor’s Lifetime
• Trust Provisions Upon Grantor’s Death
• Administrative Provisions
- Fiduciaries
- Trust Protectors
- Accounting Requirements
- Funding the Trust
Speaker:
Mary P. O'Reilly
Meltzer, Lippe, Goldstein & Breitstone, LLP
Melville, NY
0.5 Credit in Areas of Professional Practice
9:35 a.m. – 10:25 a.m.
Supplemental Needs Trust
• Testamentary Trust
• Lifetime Trust
• Funding with Retirement Account Beneficiary Designations
• Trustee Appointments
• Coordinating with Medicaid and Supplemental Security Income
Speaker:
Patricia A. Craig
Cona Elder Law, PLLC
Melville, NY
1.0 Credit in Areas of Professional Practice
10:25 a.m. – 10:35 a.m.
Break
10:35 a.m. – 11:25 a.m.
Tax Planning
• Lifetime Giving
• Federal and New York State Estate Tax
• Charitable Gifts and the “Santa” Clause
• Fiduciary Income Tax
• Marital Deduction (QTIP) Trusts v. Disclaimers
• Credit Shelter Trusts- Funding with NYS or Federal Exemption
Speaker:
Elisa Shevlin Rizzo
Northern Trust
Melville, NY
1.0 Credit in Areas of Professional Practice
11:25 a.m. – 12:15 p.m.
Ethical Considerations
• Conflicts of Interest
• Dual Representation
• Putnam/Weinstock/Saterlee Considerations
• SCPA 2307(a) and Rule 207.16(e) Attorney-Fiduciary Issues
• Drafting Retainer Agreements
Speaker:
Patricia J. Shevy
Shevy Law Firm
Albany, NY
1.0 Credit in Ethics
- Michael E. O'Connor, Speaker;Program Chair, Costello, Cooney & Fearon, PLLC
- Azriel J. Baer, Speaker;Program Chair, Farrell Fritz, P.C.
- Kathryn Grant Madigan, Speaker, Levene Gouldin & Thompson
- Allison A. Gatoff, Speaker, Farrell Fritz, P.C.
- Mary P. O'Reilly, Speaker, Meltzer, Lippe, Goldstein & Breitstone, LLP
- Patricia A. Craig, Speaker, Cona Elder Law, PLLC
- Elisa Shevlin Rizzo, Speaker, Northern Trust
- Patricia J. Shevy, Speaker, The Shevy Law Firm
- Webinar
- 0MC51
- Trusts & Estates Law Section
- Committee on Continuing Legal Education
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