Revocable Trusts Advanced Planning for Practitioners

This program explores how revocable trusts can be transformed from routine probate avoidance tools into sophisticated planning frameworks that address the real risks clients face. Many estate plans rely on standard documents that overlook aging, cognitive decline, financial exploitation, and family administration challenges. This webinar examines how revocable trusts can be enhanced with practical safeguards, including care managers, co-trustee transitions, trust protectors, monitors, and independent oversight mechanisms that may help reduce vulnerability and improve continuity of financial management. It also analyzes how these trusts can be adapted to respond to tax law uncertainty by facilitating making a completed gift before a possible change in the law. How can revocable trusts be coordinated with other critical planning documents? Revocable inheritance or separate property trusts can be used to address marital property segregation (i.e., maintaining separate property status). Revocable trusts can also be adapted for beneficiary addiction and other issues. Attendees will gain a detailed understanding of how design features within revocable trusts can create layered checks and balances, while maintaining flexibility for evolving circumstances. The discussion focuses on actionable frameworks and real-world applications that advisers may incorporate into their practices to deliver more comprehensive and resilient planning solutions for clients across a wide range of circumstances.

Speakers: Thomas Tietz, Esq. and Martin Shenkman, Esq.