When Reporting on your SC Commission Compliance Report, please use this code: 180632ADT

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About the Teleseminar

Having a trust is only the first step of an effective estate plan. The practical steps of actually funding the trust is something that’s often overlooked and is a more complex process than at first appears.  Different asset classes – financial assets, stakes in family businesses, unique objects like art, real estate, etc. – are governed by different methods and rules of assignment. Some assets – IRAs, 401(k) accounts, certain types of insurance – can’t be transferred at all, or only in narrow circumstances.  Planners must also provide banks or other financial institutions detailed funding instruction letters and certify trustees.  If any of these funding steps are overlooked or not carefully performed, client trusts will fail of their essential purposes. This program will provide you with a practical guide to many and complex steps of funding trusts.

  • Planning for funding trusts – and how to avoid mistakes
  • Identifying funding sources and potential assignment and other problems with each
  • Drafting instruction letters and trustee certifications
  • Specific issues of working with banks on funding issues
  • Assignment of interests – business interests, real estate, financial interests, unique objects
  • Treatment of certain assets that are non-assignable – retirement benefits, insurance contracts, annuities
  • Tax planning issues involved with funding trusts 

About the Speaker

Michael Sneeringer an attorney in the Naples, Florida office of Akerman, LLP, where he has a national practice focusing on trust and estate planning, probate administration, asset protection planning, and tax law. He has served as vice chair of the asset protection planning committee of the ABA’s Real Property, Trust and Estate Section and is an official reporter of the Heckerling Institute.  Mr. Sneeringer received his B.A. from Washington & Jefferson College, his J.D., cum laude, St. Thomas University School of Law, and his LL.M. from the University of Miami School of Law.     

Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to1.0 Estate Planning & Probate Law Specialty Credit Hour

(Instruction Level: Intermediate)*Live Teleseminar programs are not live credit programs.  Supreme Court Commission on CLE rules allow SC Bar members to use Alternatively Delivered programming to obtain up to 6.0 hours of MCLE each reporting period.   For FAQ’s please click here.