The rules and planning implications for liquidating inherited retirement accounts in light of the 2022 regulations and the SECURE Act legislation; steps to take if a trust will be named as the beneficiary of an account; the best way to deal with retirement accounts in a blended family when there is a second spouse and children from a prior marriage.

Lady Bird deeds; co-patient advocates; co-trustees acting independently; acknowledgment by agent under power of attorney; providing copy of trust instrument to beneficiaries; no-contest clauses.

Review the distinction between and relevance of capacity determination and legal competency; the processes and challenges in identifying medical surrogate decision makers in the absence of advance medical directives (AMD); the limitations and clinical utility of AMD content; recommendations and considerations for enhancing meaning and utility of AMD in clinical practice.

Cost-benefit choices for the philanthropist when choosing between a private foundation, a supporting organization, or a donor-advised fund; legal, tax, and administrative advantages and disadvantages of each philanthropic vehicle; proposed rules that permit donor-advised funds to satisfy legally binding pledges.

Affidavit of decedent successor; petition/order for assignment; summary administration/SOS to transfer vehicle.

Consider your current practice and business and where you want to be; impacts of the pandemic on marketing (if any); dynamic branding interactions even in unexpected locations; review key factors of your business plan and take a peek inside Terrence’s.

Learned profession restrictions; dealing with heightened confidentiality requirements; nuances of planning for professionals.

Michigan and federal developments; updated and effective planning techniques; special needs strategies.

Trust/estate business assets; LLC statute; QSSTs (Qualified Subchapter S Trusts); ESBTs (Electing Small Business Trusts); administration and accounting; tax reporting.

Identify need for a third-party trust versus first-party trust; incorporate pooled trusts or ABLE accounts; provide for proper distributions.

Introduction to Cannabis Regulatory Agency disclosure requirements; learn drafting techniques for compliant structural safeguards and best practices for cannabis businesses; understand regulatory reporting obligations and administration upon death or incapacity; discussion of estate and gift tax considerations for cannabis business valuations.

See-through trust rules; how to get retirement assets to a special needs beneficiary or to a supplemental needs trust under the SECURE Act.

Resulting trusts; tax and nontax aspects of express trusts; conflict of laws.

Ask your practice management and substantive questions in this open forum.

Identifying inefficient processes in your office; improving your bottom line with process mapping; the disconnect between what a lawyer thinks is happening and what is actually happening; walk through a real-life example where small adjustments made big differences for an estates and trusts practice.

The top subscription drafting systems available to estates and trusts lawyers; automating your own documents using built-in word processor functionality or moving to a document assembly platform such as HotDocs or HighQ; the pros, cons, costs, and benefits of each approach so you can make an informed decision about the best way forward for your office.

Choice of entity; operational issues; developing the exit strategy; expecting the unexpected--and planning for it.

Why everyone in your office needs to understand the risks and benefits of PDF files; using PDFs to reduce paper; important tools like redaction, metadata removal and electronic document security, Bates Numbering, splitting/combining PDFs, reducing file-size for electronic case filing, review/comment and PDF collaboration, adding signatures and stamps, routing PDFs for comments/feedback, and more; choosing the right program to perform these functions (you are not limited to Adobe Acrobat).

Overview of uncapping; transfer of ownership; transfer of ownership exemptions; what’s missing; common and unresolved issues.

Use EPIC’s new standby guardian tools; leverage-improved nonprobate transfer provisions; use new "silent trust" rules; get third parties to accept DPOAs; understand the statutory model DPOA; explore new drafting options under the Act.

Authority; administration of real estate; necessary approvals; action by fiduciary such as trustee, guardian, conservator, personal representative; financial power of attorney; protective orders; conveyances and post-conveyance steps.