Estate Planning and Practice: It’s More Than Wills and Trusts

Monday, March 2, 2020 | 6:00 pm – 9:00 pm

Mira Weiss
Weiss Law Group PLLC

• Description
• Faculty
• Agenda
• CLE Credit
• Sponsors

• 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: $199 for Members | $299 for Nonmembers
  Small Law Firm: $99 for Members

  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 LLP

  Emily 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
  • 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

• New York: 3.0 Skills
  New Jersey: 3.0 General
  California: 3.0 General
  Pennsylvania: 2.5 General
  Connecticut: Available to Licensed Attorneys

• Sponsoring Association Committee:
  Trusts, Estates & Surrogate’s Court, Andrew S. Auchincloss, Chair
  Small Law Firms, Gary Kaufman, Chair

  Sponsorship Opportunities are Available! Please Contact:
  Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org