What happens when you die?
What happens if you become incapacitated?
How does your Trust work?
Join us with your children, Trustees, and POA Agents at this one-of-a-kind school. This is an educational opportunity for those who are serious about this important topic (but we promise we’ll have some fun too). Graduates of Trustee School will learn:
- Duties and responsibilities of a trustee or executor
- What are the critical steps you should take after a loved one passes away
- A timeline of the administration process
- How to keep an inventory and accounting of trust assets
- How and when to distribute money to the beneficiaries
Don’t worry, there won’t be a test at the end… The safety and well-being of our clients and employees remain our highest priority. For that reason, we have decided to hold our first Trustee School exclusively online this year. We encourage you to share this invitation with your successor Trustees and out-of-town family so they can attend as well.
We are offering these live webinars on:
Class 1 - Foundational Course for Trustees & Executors
Saturday, February 6th, 2021
10:00 AM
Overview: We will cover terms and concepts which will help you lay the foundation and understanding for serving as a trustee and for appointing a trustee.
Topics covered:
- How should your trustee handle your trust if you become incapacitated and when you die?
- How do I select a trustee/executor?
- What is the benefit of appointing friends/family/ or a corporate trustee
- The role of a surviving spouse
- Through an estate plan, you can avoid family conflict, legal challenges, and property distribution
- Fiduciary accounting- keep track of everything you have so that you can account to the court
SAVE MY SPOT
Class 2 - Role of a Trustee
Wednesday, February 10th, 2021
3:00 PM
Overview: We will discuss the duties and responsibilities of a trustee.
Topics covered:
- Trust Administration period after death
- Asset management
- Tax Considerations
- Trust Administration during incapacity
SAVE MY SPOT
Class 3 - Role of an Executor
Saturday, February 20th, 2021
10:00 AM
Overview: We will define the difference between a trustee and an executor.
Topics covered:
- The court process
- How to Petition for Probate
- Asset management and distribution
- Post mortem tax planning
SAVE MY SPOT
Class 4 - Special Considerations for Trustees
Wednesday, February 24th, 2021
3:00 PM
Overview: We will cover how to handle special circumstances as a trustee.
Topics covered:
- What do I do if I suspect my spouse or loved one is incapacitated?
- How do I serve as a trustee during a child’s disability?
- Government eligibility- Improper distributions from a trust may cause a beneficiary to be ineligible for Medicaid and other assistance programs
- Grantor Trusts
- Trustee fees and costs
- Trust Settlement and administration timelines
SAVE MY SPOT
Contact Ryan Gonda at (775) 823-9455 or email at trustee@wealth-counselors.com for more information.
