Estate Planning And Will Drafting 2022

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