While the Demand for Estate Tax Planning is Declining
and the Price Competition in Estate Planning is Increasing,
There IS a Potential Growth Area for Your Practice - -
(If You Know How to Do It Right!)
Here are the facts. Massive numbers of revocable Living Trusts have been established over the past 20 years. Now, the population of trust owners is rapidly aging and many are passing away. The result is a burgeoning demand for trust administration.
The even better news is that all your competing, low-price trust providers (internet companies, paralegals and attorney trust mills) aren’t capable of or prepared to do trust administration.
The bad news is, where there’s opportunity there’s risk too - - pitfalls and liabilities you may face if you don’t know how to do trust administration right!
If you’re an estate planning attorney, or a CPA, financial advisor or trust officer, join us and trust administration specialist, attorney Kristin L. Yokomoto, MBA, JD, LLM, TEP for a valuable, information-packed 60 minute presentation entitled, “Trust Administration Made Easier!”.
Whether you’re already doing trust administration, or just getting started, or merely participating as a non-attorney client advisor, you need to know:
- How should the trust administration process properly work?
- How do you set your fees for trust administrations?
- Which trust provisions are pivotal for you and the successor trustee to understand?
- How do you spot planning opportunities, such as when making asset allocation and distribution decisions?
- What kind of additional estate planning work can be generated?
- How can you gain cooperation with the client’s other advisors and clearly define each advisor’s most important tasks and contributions?
- What are the best practices that can protect you, your firm and your clients?
- How can you become a better trust planner and drafter by learning about the most common administration pitfalls?