Estate Planning for Real Estate in Living Trusts

course

COURSE INFO

  • Available Until 9/12/2022
  • Next Class Time 10:00 AM PT
  • Duration 60 min.
  • Format MP3 Download
  • Program Code 09122019
  • MCLE Credits 1 + hours


Course Price: $65.00
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COURSE DESCRIPTION

 

Living trusts are often thought of as the easiest solution to transfer assets, particularly real estate, outside of probate. While they have many advantages, including the of administration, there are still many tradeoffs and potential traps, including tax and financial ramifications that are not always clear to clients.  In addition, there are issues of modification over time and the choosing the right trustee for the trust. This program will provide you with a practical guide to forming and using living trusts for real estate and other assets in estate planning.

 

  •  Counseling clients about the advantages and drawbacks of placing personal real estate in living trusts
  •  Practical estate administration and probate issues of using living trusts
  •  Tax and financial ramifications of the transfer
  •  Potential issues if the house is subject to a mortgage or liens
  •  Considerations when choosing a trustee

 

Speakers:

Missia H. Vaselaney is a partner in the Cleveland office of Taft, Stettinius & Hollister, LLP, where her practice focuses on estate planning for individuals and businesses.  She also represents clients before federal and state taxing authorities.  Ms. Vaselaney is a member of the American Institute of Certified Public Accountants and has been a member of the Steering Committee for AICPA’s National Advanced Estate Planning Conference since 2001.  Ms. Vaselaney received her B.A. from the University of Dayton and her J.D. from the Cleveland-Marshall College of Law.

 

Michael Sneeringer an attorney in the Naples, Florida office of Porter Wright Morris & Arthur LLP, where his practice focuses on trust and estate planning, probate administration, asset protection planning, and tax law. He has served as vice chair of the asset protection planning committee of the ABA’s Real Property, Trust and Estate Section and is an official reporter of the Heckerling Institute.  Mr. Sneeringer received his B.A. from Washington & Jefferson College, his J.D., cum laude, St. Thomas University School of Law, and his LL.M. from the University of Miami School of Law.