Wealth Tracx is a comprehensive Trust Administration solution featuring customizable tools, resources, and a robust library of documents specifically geared for a streamlined, efficient trust administration process for revocable and irrevocable trusts. In Part 1 of this training users will review and learn about the Overview, Trust Summary, Parties, Important Dates, and Tasks tabs of the solution. In Part 2 of this training, users will learn how to enter Asset and Liability information, how to use the Ledger functionality for assets that are accounts, and tips for the most effective automated generation of 140+ Documents and Reports.

Grab your lunch and jump into the discussion.  You are invited to share your favorite takeaways from the Advanced Estate Planning Summit and ask questions, share experiences, and brainstorm on solutions to issues that arise in your practice.

This webinar highlights key features and best practices for drafting with Wealth Docx® and Wealth Tracx™, two of WealthCounsel’s trusts and estates solutions. We will specifically apply several of the concepts discussed during WealthCounsel’s Advanced Estate Planning Summit held on Thursday, July 16, 2020, but attendance on Thursday is not a prerequisite for attending the Practical Applications Lab on Friday. Existing WealthCounsel members and those interested in learning more about WealthCounsel’s trusts and estates solutions are invited to attend.

Specific topics may include:

• Drafting with trust protector provisions using Wealth Docx®
• Using Wealth Tracx™ to ensure that attorneys meet their ethical duties in assisting fiduciary clients in postdeath administrations
• Planning with retirement assets using a Wealth Docx® revocable living trust or stand-alone retirement trust in light of the SECURE Act
• Drafting options for grantor retained annuity trusts in Wealth Docx®