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About the Teleseminar
Trusts are no longer a certain mechanism for preserving assets from loss in a divorce. Over time the law has changed and in many states it allows a divorcing spouse to make a claim on the income or assets of a trust benefiting the other spouse. This is often a shocking realization for trust settlors and beneficiaries and can substantially complicate estate planning. The rules are not uniform and the viability and extent of a claim depends on the type of trust, the type of beneficiary interest that is held, and the value placed on that interest. This program will provide you with a practical guide to the law of division of trust assets or income in a divorce, the states where and the circumstances in which claims cause the greatest depletion of assets, and estate planning to minimize loss.
- Division of trust interests in divorce and estate planning considerations
- Types of interests in trusts – what types of rights are subject to division and which are not?
- Determining when an interest becomes separate and subject to a divorcing spouse’s claim
- Understanding the intricacies of valuing a trust in a divorce – what portion of appreciation is subject to division?
- Special issues in multi-generational trusts
- Multijurisdictional issues in the division of trust assets
About the Speakers
Jeremiah W. Doyle, IV is senior vice president in the Boston office of BNY Mellon Wealth Management, where he provides integrated wealth management advice to high net worth individuals on holding, managing and transferring wealth in a tax-efficient manner. He is the editor and co-author of “Preparing Fiduciary Income Tax Returns,” a contributing author of Preparing Estate Tax Returns, and a contributing author of “Understanding and Using Trusts,” all published by Massachusetts Continuing Legal Education. Mr. Doyle received his B.S. from Providence College, his J.D. from Hamline University Law School, and his LL.M. in banking from Boston University Law School.
Missia H. Vaselaney is a partner in the Cleveland office of Taft, Stettinius & Hollister, LLP, where her practice focuses on estate planning for individuals and businesses. She also represents clients before federal and state taxing authorities. Ms. Vaselaney is a member of the American Institute of Certified Public Accountants and has been a member of the Steering Committee for AICPA’s National Advanced Estate Planning Conference since 2001. Ms. Vaselaney received her B.A. from the University of Dayton and her J.D. from the Cleveland-Marshall College 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. (Tentative)