Monday, March 2, 2020 | 6:00 pm – 9:00 pm
Mira Weiss
Weiss Law Group PLLC
-
This program will provide a basic understanding of the essential tools of estate planning: Advanced Directives, Wills and Trusts. It is an excellent opportunity for estate planning attorneys to update their knowledge and enhance their skills and for non-estate planning attorneys to learn to identify and address common issues that emerge in estate planning practice.
Speakers will address:
- Pending revisions to Article 5 of the New York General Obligations Law
- Psychiatric advance directives
- Adoption of a New York Trust Code
- Digital wills
Tips and tools for document preparation and drafting will be provided as well as sample documents.
Program Fee: $149 for Members | $249 for Nonmembers
Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2018-2020), In-House/Corporate Counsel, Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
-
Natasha (Pang-Mei) Chang
Principal, Law Office of Natasha Chang
Of Counsel, Sessler & Sessler LLPEmily Joseph
Weiss Law Group PLLC. -
6:00 p.m. – 6:10 p.m. Introduction and Overview
Mira Weiss
6:10 p.m. – 6:55 p.m. Essential Advance Directives and Client Matters (M. Weiss)
- Advance Directives
- Power of Attorney/Statutory Gifts Rider
- Roles
- Short Form provisions
- Effective Date and Termination
- Capacity
- Pending Changes
- Patient Self-Determination Act
- Health Care Proxy
- Capacity
- Family Health Care Decisions Act
- Living Will
- Psychiatric Advance Directive
- MOLST
- Disposition of Remains
- Power of Attorney/Statutory Gifts Rider
- Client Matters
- NY Rules of Professional Conduct
- Client Capacity
Mira Weiss
6:55 p.m. – 7:05 p.m. Break
7:05 p.m. – 7:55 p.m. Wills and Related Matters
- Case Study
- Why You Should Have a Will
- Elective Share
- Probate v. Non-Probate
- Beneficiary Designations
- Separate v. Joint Ownership
- Taxes
- Income Tax
- Estate Tax
- Gift Tax
- Generation Skipping Tax
- Retirement Accounts
- Forms of Wills
- Anatomy of a Will
- Tangible Personal Property
- Real Estate
- Specific Bequests
- Residuary Estate
- Provisions for Minors
- In Terrorem Clause
- Use of Trusts
Natasha Chang
7:55 p.m. – 8:05 p.m. Break
8:05 p.m. – 8:50 p.m. Trusts, Tax Matters, and Financial Instruments
- Trust Basics
- Governing Law
- Characteristics
- Drafting
- Execution and Funding
- Types of Trusts
- Intervivos v. Testamentary
- Revocable v. Irrevocable
- Grantor
- Tax Matters
- Estate Tax and Thresholds (Federal and New York)
- Exclusions
- 3 Year Rule
- Marital Deduction
- Basis Step-Up
- Financial Instruments
- 529 Plans
- Retirement accounts
- Insurance
Emily Joseph
8:50 p.m. – 9:00 p.m. Questions and Conclusion
- Advance Directives
-
New York: 3.0 Skills
New Jersey: 3.0 General
California: 2.5 General
Pennsylvania: 2.5 General
Connecticut: Available to Licensed AttorneysPlease Note: Newly admitted NY attorneys cannot fulfill ethics or skills credits through our on-demand programs under OCA rules. For more information on this, please see http://www.nycourts.gov/attorneys/cle/changes_for_2016.shtml.
-
Sponsoring Association Committee:
Trusts, Estates & Surrogate’s Court, Andrew S. Auchincloss, Chair
Small Law Firms, Gary Kaufman, ChairSponsorship Opportunities are Available! Please Contact:
Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org