Estate Planning And Will Drafting 2022
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
---------------------------------------------------------------------------------------------------------------------
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