In this webinar, you’ll learn what a revocable living trust is, how it works, the tax implications, and other relevant issues. Upon completion of the course, you’ll be able to:
- Describe the difference between a revocable and irrevocable trust
- Explain the benefits of a revocable living trust, including:
- No estate plan
- Spousal property petitions
- Community property vs. separate property
- Guardianship proceeding
- Joint tenancy
- Designated beneficiary assets
- Describe how to fund a revocable living trust with real estate and other assets, including:
- Issues involving mortgages
- Title commitment
- Title insurance
- Property taxes
- Other assets
- Explain how a revocable living trust works, including:
- Trust administration during your lifetime
- Trust administration upon the death of the first spouse
- Trust administration upon the death of the second spouse
- Legal and valuation costs
- Double stepped up basis – capital gains tax savings
- The use of both estate tax exemptions
- Creditor protection
- Trusts for children and other beneficiaries
- Trustee’s powers
- Guardianship proceeding
- Discuss the tax implications of funding a revocable living trust during your lifetime
CPE & CLE Credit: Participants can earn up to 1.5 CPE credits in the Taxes field of study. Please note that CPE credit is only available for viewing the live program. Attorneys can earn CLE credits for this course.
100% Money-Back Cancellation and Refund Policies: If you can’t make the live webinar, you may cancel at any time before the webinar begins for a full refund. If you are not satisfied with the webinar, we will provide you a full refund. For more information regarding refund, complaint and program cancellation policies, please call us at 703-372-0550.
Program Level: Beginner
Advance Preparation: None
Instructional Method: Group: Internet-based
National Registry of CPE Sponsors: Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
Kira S. Masteller
Kira S. Masteller is a California trust and estate planning attorney and Shareholder at Lewitt,
Hackman, Shapiro, Marshall & Harlan. Ms. Masteller practice focuses on federal estate and gift tax planning, estate planning, business succession planning, trusts, wills, powers of attorney, post-death trust administration, and probate. She is a graduate of San Fernando Valley College of Law.
CLE Credits (Law)
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|NY||1.5|| Areas of Professional Practice (NY)||On-Demand/Recording|
|RI||Not Available|| General||On-Demand/Recording|
|SC||Not Available|| General||On-Demand/Recording|
|VA||Not Available|| General||On-Demand/Recording|
In some CLE states, the course will be submitted to the bar after you register. If for any reason the course is not approved, we will fully refund your registration fee. If a state is listed on this course, then we are confident the course fits that state's standards and already is or will be approved for credit.
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Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. For more information regarding administrative policies such as complaint and refund, please see the tab above on our Money-Back Guarantee or contact us at 703-372-0550.
CPE Credit - Maximum Credit Hours: Please see above. You must attend at least 50 minutes to obtain credit. Fields of Study: Please see above. Teaching Method: Lecture. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state’s regulatory board.
Clear Law Institute has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.
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Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?
In most cases, the answer is yes. Recorded webinars are not eligible for CLE credit in the following states: AR, KS, MS, NE, and RI. In all other jurisdictions, recorded programs are eligible for credit. In addition, CPE credit is not available for recorded webinars. Please note that recorded webinars are only eligible for a certain period of time based on the jurisdiction. To ask about your specific type of Continuing Education Credit or the requirements in your jurisdiction, please call us at 703-372-0550 or contact us.
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