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Top 10 Trust Mistakes

presented by NBI, Inc.
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Top 10 Trust Mistakes

Workshop Description/Agenda

Planning and Drafting Errors You Do Not Want to Make

Unintended transfers, unfavorable tax treatment, exposure to creditors - trust planning and drafting mistakes can result in any number of disastrous consequences. In this program, we've rounded up the top ten errors lawyers make when setting up a trust so you know exactly what to avoid. Prevent and rectify drafting mistakes before it's too late - register today!

  • Verify testator capacity to stave off estate planning challenges.
  • Avoid trust structure choices that are less than ideal.
  • Ensure trusts do not interfere with beneficiaries' eligibility for government benefits.
  • Look at problematic distribution provisions and ways to fix them.
  • Give trustees enough power to do what they need to, yet with limits to check abuse.
  • Prevent mistakes that can lead to bigger-than-expected tax bills for beneficiaries.
  • Anticipate common pitfalls in trust administration and how to avoid them.


All times are shown in Eastern time.

  1. Unverified Testator Capacity, Undue Influence
    10:00 - 10:30, Karl D. Warden
  2. Choice of Trust Structure Mistakes
    10:30 - 11:00, Vanessa M. Terzian
  3. Trying to Make One Instrument Fulfill all Disparate Client Goals
    11:00 - 11:30, Uzzell S. Branson IV
  4. Jurisdiction, Situs, Choice of Law Issues
    11:45 - 12:15, Vanessa M. Terzian
  5. Overlooking Beneficiaries' Benefits Eligibility Requirements
    12:15 - 12:45, Karl D. Warden
  6. Problematic Distribution Provisions
    12:45 - 1:15, Karl D. Warden
  7. Giving Trustee(s) too Much or too Little Power
    1:45 - 2:15, Robert E. Ward
  8. Tax Planning Mistakes
    2:15 - 2:45, Robert E. Ward
  9. Poor Execution and Administration
    2:45 - 3:15, Uzzell S. Branson IV
  10. Modification/Termination Errors
    3:30 - 4:00, Ben Schwefel
  11. Legal Ethics of Trusts Practice
    4:00 - 5:00, Ben Schwefel
    1. Who is the Client?
    2. Fee Agreements and Client Trust Accounts
    3. Guarding Confidentiality
    4. Family of the Client: Confidentiality and Conflict of Interest Issues

Who Should Attend

This program is designed for attorneys. Trust officers, accountants, and paralegals may also benefit.

Additional Information

Training Provider: NBI, Inc.

Course Topics: Law Training > Asset Protection/Estate Planning

Training Course Summary: Top 10 Trust Mistakes