NBI: Step-by-Step Guide to Drafting Wills and Trusts in Pennsylvania
August 8, 2022 /
Webinar /
Draft Enforceable Estate Planning Documents With These Practical Techniques
Do you have all the information you need to draft customized testamentary documents for each of your clients? In this National Business Institute CLE, Whitney Patience O’Reilly along with other attorney faculty share their time-tested methods of identifying clients’ needs and creating custom-tailored wills and trusts to fit each specific situation. This legal primer offers all the tools and sample forms to get you started.
- Get practical will and trust drafting skills to speed up the process and give the testator’s last wishes power.
- Stave off conflicts of interest with a clear determination of who your client is from the start.
- Learn how to deal with interested relatives who want to be present at all the planning meetings.
- Explore the pros and cons of using a revocable living trust in the will’s stead and find out when it’s a better option.
- Explore the functions and mechanics of major trust structures – and make certain you choose the right tool for each job.
- Give each provision full power with precise word choices – get sample forms to speed up the process.
- Make sure your remarried and unmarried clients know the default inheritance laws and help them make sure the right beneficiaries are assigned.
- Anticipate key tax issues, including individual income tax planning and trust taxation.
- Phrase the fiduciary and beneficiary designations to leave no room for misinterpretation.
- Help your clients make the tough medical decisions regarding long-term care, end-of-life and organ donation.
- Learn how to verify and document the testator’s competency to close the door on any potential will contests.