| MCLE Credit: | 1.0 (Ethics: 0.0) |
| Live-Interactive Credit: | 0.0 |
| GAL for Incapacitated Persons CE Credit: |
1.0 (GAL Information) |
| Price: | $79 (Includes a downloadable audio version.) |
| Viewable Through: | 08/31/2028 |
$79.00 (or 1 Bundle Credit)
A pre-recorded streaming VIDEO replay of one session from the October 2025 webcast, 44th Annual Trusts and Estates.
Cosponsored with the Trusts and Estates Section of the Virginia State Bar
This session focuses on improving the precision of discretionary distribution language in trust drafting. We will explore the legal and tax implications of standards like HEMS (Health, Education, Maintenance, and Support), as well as the risks of using overly broad or ambiguous terms. Topics include estate tax inclusion under IRC §§ 2036 and 2041, grantor trust rules under IRC § 674, and creditor protection concerns. The session also addresses strategies for using independent trustees, planning for special needs beneficiaries, and drafting for long-term flexibility in dynasty trusts. Attendees will gain practical tips and sample language to balance trustee flexibility with tax efficiency.
Kathi L. Ayers, Vaughan, Fincher & Sotelo, PC / Leesburg
Moderator
Emily A. Martin, Hook Law / Virginia Beach
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