Estate Planning 101 (2021)

Mary Akkerman
Mary Akkerman | Davenport, Evans, Hurwitz & Smith LLP

Mary Akkerman practices in estate planning, including dynasty trusts, domestic asset protection trusts, estate and trust administration, guardianships and conservatorships, business and tax planning, estate and gift tax planning, tax appeals, and related litigation. She is skilled at establishing public and private trust companies in South Dakota and regularly works with U.S. and international families and advisors.

On-Demand: May 14, 2021

Estate Planning 101 (2021)
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Program Summary

Join myLawCLE for a comprehensive introduction to estate planning. This course is perfect for a beginning practitioner, someone looking to add estate planning to an existing practice, or just as a refresher course. Basic estate planning will be included, along with a focus on revocable living trust planning, guardianship, and conservatorship law, planning with unique assets, and probate and trust administration. To conclude, ethics rules implicated in estate planning practice will be examined.

Key topics to be discussed:

  • What is Estate Planning?
  • Estate Planning Concepts
  • Revocable Living Trusts and Trust Planning
  • Funding the Trust
  • Ethics

Date / Time: January 14, 2022

  • 1:00 pm – 5:30 pm Eastern
  • 12:00 pm – 4:30 pm Central
  • 11:00 am – 3:30 pm Mountain
  • 10:00 am – 2:30 pm Pacific

Choose a format:

Live Video Broadcast/Re-Broadcast: Watch Program "live" in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for "live" CLE credit.

On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 5 business days after the original recording date and are viewable for up to one year.

Closed-captioning available

Speakers

Mary Akkerman_Davenport_Evans_Hurwitz & Smith LLP_myLawCLEMary Akkerman, Partner | Davenport, Evans, Hurwitz & Smith LLP

Mary Akkerman practices in estate planning, including dynasty trusts, domestic asset protection trusts, estate and trust administration, guardianships and conservatorships, business and tax planning, estate and gift tax planning, tax appeals, and related litigation. She is skilled at establishing public and private trust companies in South Dakota and regularly works with U.S. and international families and advisors.

Mary is an American College of Trust and Estate Counsel (ACTEC) Fellow. She is a member of the Society of Trust and Estate Practitioners and Sioux Falls Estate Planning Council.

Mary has received an AV Preeminent® Peer Review Rating by Martindale-Hubbell®, for the highest level of professional excellence for legal knowledge, communication skills and ethical standards. She has a Band 1 individual ranking in the Chambers High Net Worth Guide by Chambers and Partners in the area of Private Wealth Law, and is listed in The Best Lawyers in America© in Trusts & Estates.

Mary has also been ranked in the top 5% of practicing attorneys in South Dakota by Great Plains Super Lawyers in the areas of Estate Planning & Probate.

Agenda

I. What is Estate Planning? | 1:00-2:00
–A. Basic probate rules
–B. Non-probate transfers
–C. Federal transfer taxes
–D. Pre-mortem and post-mortem planning

II. Break | 2:00-2:10

III. Estate Planning Concepts | 2:10-3:10
–A. Estate Planning Basics
–B. Powers of Attorney
–C. Living Wills and Healthcare Directives
–D. Guardianships and Conservatorships
–E. Irrevocable Trusts
–F. Planning for retirement assets
–G. Life insurance in estate planning
–H. Challenges with real estate
–I. Non-traditional assets
–J. Probate administration
–K. Trust administration

IV. Break | 3:10-3:20

V. Revocable Living Trusts and Trust Planning | 3:20-4:05
–A. How to Structure
–B. Marital Deduction Planning
–C. Other Trust Structures

VI. Funding the Trust | 4:05-4:20
–A. Titling, Ownership and Beneficiary Designations
–B. Pay on Death and Transfer on Death Accounts
–C. Retirement Plans
–D. Real Estate
–E. Life Insurance
–F. Personal Property and Other Assets

VII. Break | 4:20-4:30

VIII. Ethics | 4:30-5:30
–A. Joint Representation and Identifying the Client
–B. Confidentiality and Attorney-Client Privilege
–C. Serving as a fiduciary
–D. Incapacity Planning
–E. Fraudulent Transfer Avoidance