The Art and Science of Conditional Gifts in Estate Planning

course

COURSE INFO

  • Presentation Date 11/5/2020
  • Next Class Time 12:00 PM CT
  • Duration 60 min.
  • Format Teleseminar
  • Program Code 11052020
  • MCLE Credits 1 + hours


Course Price: $59.00
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COURSE DESCRIPTION

 

In formulating their trust and estate plans, clients often want to set up benchmarks of achievement before distributions or gifts are made. These benchmarks often involve educational attainment – i.e., that a child obtain a college degree by a certain.  But they may involve more difficult to measure benchmarks or life goals that are arguably not appropriate – i.e., that a child marry or have children of their own by a certain age.  Conditional gifts can easily lead to resentments among beneficiaries, questionable enforceability, disputes, and fiduciary litigation.  This program will provide you with a practical guide to conditional gifting using incentive trusts and other mechanisms, and counseling clients about the real limits and risks of conditional gifting.

  • Conditional gifting using incentive trusts and other mechanisms
  • Establishing objectively measurable conditions for gifts or distributions
  • Types of conditions or benchmarks – education, life goals, etc.
  • What’s enforceable, what’s not – counseling clients about limits
  • Choosing the right fiduciaries to administer conditional gifts/incentive trusts

 

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