Friday, October 23, 2020
8:00 AM
North Carolina Forum Welcome and Conversation
 
8:30 AM
Critical Post-death Functions of Administrative Trusts under RLTs & Importance of Pre- Death Trustee Selection

Topics to be covered include establishing the administrative trust, personal liabilities of Trustees (especially in the absence of formal probate estate administration), responsibilities for payment of creditors, making proper income and estate tax elections, handling IRA beneficiary designations, tracking of income and principal for purposes of ultimate distributions, and terminating the administrative trust.

9:30 AM
Questions & Answers
 
9:45 AM
Break
 
10:00 AM
Critical Post-death Functions of Administrative Trusts under RLTs & Importance of Pre-Death Trustee Selection (Continued)

Topics to be covered include establishing the administrative trust, personal liabilities of Trustees (especially in the absence of formal probate estate administration), responsibilities for payment of creditors, making proper income and estate tax elections, handling IRA beneficiary designations, tracking of income and principal for purposes of ultimate distributions, and terminating the administrative trust. 

11:00 AM
Questions & Answers
 
11:15 AM
Roundtable Discussion

We will also have a best practices roundtable discussion led by John M. Perna, J.D., on best practices in funding your client’s trust to facilitate later administration.

11:45 AM
Wealth Tracx™ Tips and Tricks

Bonus Session - WealthCounsel's Product Implementation Manager, Lissa Bealke-Moore, will answer questions and provide a few tips and tricks for using WealthCounsel's Trust Administration system - Wealth Tracx™.  

12:00 PM
North Carolina Forum Business Meeting