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A Comprehensive Overview of Trusts

(3224 reviews)

Produced on April 11, 2017

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$ 59 Wills, Trusts, & Estates In Stock
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Course Information

Time 61 minutes
Difficulty Beginner

Course Description

At one point in the legal profession, attorneys had the advantage of holding the keys to the law library and the requisite knowledge to draft trust documents properly. However, much has changed in the past 20 years. The coming of the computer, the internet, and smartphones have all paved the way to break down barriers for the client to get to the legal documents that they need.

However, the attorney still has a broad range of knowledge that he or she can present to the client that a cursory internet search will not reveal. Does the client need an SNT or an ABLE trust? What about dealing with tax issues with a revocable or irrevocable trust?

In this program, attorney Dr. Bart Basi provides a comprehensive overview of trusts to help address these questions and more.   

 
Learning Objectives: 
  1. Discuss the differences between revocable and irrevocable trusts
  2. Approach client meetings with confidence having a vast knowledge of the types of trusts
  3. Draft trusts that meet client needs
  4. Open a store of knowledge for clients who may need other documents

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .

Faculty

Bart Basi

The Center for Financial, Legal & Tax Planning, Inc

Dr. Basi is a specialist in the areas of business succession, business valuation, mergers and acquisitions, retirement and estate planning, strategic planning, and tax aspects of business decisions for closely held and family businesses. He speaks nationwide, writes, and researches on all of these areas. He has written five loose-leaf bound books, over 300 articles, and has worked with hundreds of businesses and associations. Journals that have published Dr. Basi’s work include Money Matters, The American Journal of Small Business, the Journal of Family Law, The Journal of Estate Planning, The Tax Lawyer, Small Business Taxation, Taxation for Individuals, Taxation for Accountants, Taxation for Lawyers, The CPA Journal and The Tax Executive.

Dr. Basi is the author of “The Tax Report,” a bi-monthly report on income and estate tax matters for closely-held businesses, “Accounting and Taxes,” a monthly column distributed to individuals and trade journals, and the “Tax Tip,” a monthly tax advisory for the closely-held and family business.

Education

  • Bachelor’s Degree in Accounting, Utica College of Syracuse University
  • Master’s Degree in Business Administration, Syracuse University
  • Juris Doctor in Law, University of Louisville
  • Doctorate in Economics and Accounting, Indiana University
  • Post-Graduate study in Taxation, Stanford University

Professional Licenses

  • Certified Public Accountant – Indiana (1967-2000)
  • Attorney at Law:
  • Kentucky (1969)
  • Pennsylvania (1972-1982)
  • Illinois (1978-present)
  • New York (2010-present)

Academic Affiliations

  • Currently holds the rank of Professor Emeritus at Southern Illinois University.
  • Formerly affiliated with Penn State University, Indiana University, The University of Louisville, and Syracuse University specializing in corporate taxation, estate planning, and business valuations.

Business Affiliations and Memberships

  • Senior Advisor, The Center for Financial, Legal and Tax Planning, Inc. The Center values approximately fifty companies per year.
  • Memberships have included the American Bar Association’s Tax Committees on estate and gift taxes, business succession, and business planning and valuation.

Former Awards, Honors and Recognitions

  • Listed in Harvard Business School Profiles in Business and Management: An International Directory of Scholars and Their Research.
  • Recipient of educational grants for advanced course work in Taxation from the Practicing Law Institute, New York.
  • Listed in The Tax Analyst Directory and the Lexis Computer Tax Library as a tax professional in the U.S., specializing in family and closely held companies.
  • Listed in Who’s Who: Comprehensive and National Registries; International Registry; Leading American Executives, and Among America’s Teachers.
  • Listed as an expert in taxes and business valuations in the Wisconsin and Illinois Register of Expert Witnesses.
  • Member of Phi Kappa Phi, national honorary, Beta Alpha Psi, accounting honorary, and Beta Gamma Sigma, business honorary.
  • Member of the Institute of Business Appraisers


Reviews

DC
Daria C.

One of the best presenters.

TC
Thomas C.

Well done. Not boring

JH
Jennifer H.

Loved this course. Instructor was highly knowledgeable and knew which points needed to be emphasized.

EH
Elizabeth H.

Good info!

DW
Daniel W.

Great session - extremely informative and well organized.

LS
Leonard S.

Wonderful lecture!

DT
Dana T.

Great instructor and very knowledgeable

MC
michael c.

great under standing and easy to follow

RR
Ruth R.

professor Basi covered a fairly broad array of trusts and effectively provided invaluable information and details. An excellent foundation. His students must have emerged from his courses confident that they had a sound grasp on the subject matter - a tribute to his style, manner and knowledge.

EM
Eric M.

Exceptionally knowledgeable presenter!

LB
LeVar B.

Alaskan trusts! Brilliant!

CK
Carla K.

Excellent

JL
Jesse L.

Very good primer. Thank you.

XS
Xinrui S.

Great Instructor. Very informative with right amount of depth and good advice. God bless you sir.

AL
Aaron L.

I generally like the Lawline presentations however this is one of the best ones I have ever done. The presenter was extremely knowledgeable and presented the information in a clear and practical manner. I practice in this area and I can say I learned quite a bit from this presentation.

AS
Anna S.

good presentation

RR
Robert R.

excellent program

RW
Rufus W.

Well organized, thorough, very engaging presentation, congrats

CR
Cari R.

Used it on the app... loved it

AM
Agnes M.

So good to see Dr. Bart Basi - who was as thorough and knowledgeable as always!

JT
James T.

superb

GB
Gerald B.

EXCELLENT

SN
Susanne N.

good speaker and useful content

SD
Sara D.

Thank you

MY
Michael Y.

I Love Basi

RA
Ricardo A.

Very informative

MC
Marissa C.

The instructor was great. Very knowledgeable and engaging. Explained concepts in an easy to understand manner.

IL
Ira L.

Excellent.

JB
Jeremy B.

Very informative

WT
William T.

A lot of information provided!

BN
Barbara N.

Presenter was outstanding--I remember more than 75%! Articulate, organized, comprehensive and amazing.

AR
Arthur R.

Dr. Barsi did an excellent job of explai ing the material.

IU
Ify U.

Definitely recommend program. It was very informative. More like an eye opener.

JW
Jane W.

Great presenter!

GB
Gary B.

great program!

AC
Amanda C.

Amazing!

DS
Dennis S.

Very down to earth, effective lecturer. I liked both him and the course content which was very easy to understand. Great course.

DM
Dale M.

This course is excellent in all respects.

DL
David L.

Very concise and knowledgeable speaker.

DF
Danielle F.

Very informative!

JE
Jill E.

The instructor was very knowledgeable on the subject .

KC
Kimberly C.

Dr. Basi it very engaging and keeps your attention for a subject matter that is very technical. Recommend this seminar for every lawyer.

JV
Jose V.

Thanks very much, much knowledge.

JL
John F. L.

My specialty is NOT wills and estates, so I attend Basi's classes often. Keep him around!

NP
Nancy P.

Bart made a very complex but dry subject enjoyable (and I learned a lot).

SM
Stephen M.

Extremely informative -- highly recomended!

BR
Barbara R.

very well presented.

GM
Gavino M.

Very informative. This is a course I will watch more than once for the contents and speaker.

AP
Andrew P.

Dr. Basi gives the best Lawline courses.

JC
John C.

concise and informative

JG
John G.

best Lawline instructor I've had, very useful lecture

MR
Michael R.

Very Informative.

KM
Khristine M.

I enjoyed this course more than most. I appreciated the examples, that opinions were given, and the pace of the lecture.

MT
Michael T.

Great course as both a refresher and an introduction to the topic

AL
alan l.

He must have been a fine professor. I loved his presentation. GREAT job.

MS
Michael S.

Excellent course

MD
Mary Carol D.

Excellent. A privilege to get this information from such a knowledgeable presenter.

AH
Ann H.

This is without a doubt the most informative CLE I have ever taken!

SD
susan d.

Excellent course and presenter

DD
David D.

Good general introduction. Well presented.

AR
Andrea R.

One of your best speakers ever! So glad I chose this session.

CB
Craig B.

Great course! Well done and interesting. Will recommend to everyone!!

TH
Theresa H.

Excellent presentation and extremely valuable information.

CS
Corliss S.

great...one of the best

HN
Heather N.

This was exceptionally informative. Thank you.

GP
Gary P.

Awesome, he is terrific!!

MP
MAHANDRA P.

DR. BASI WAS SIMPLY AWESOME!

JD
John D.

good program

WM
William Moutray M.

Solid program. Thank you for presenting!

CK
Chad K.

One of the best CLE's I have watched from the Lawline library.

RG
Robert G.

Great presenter, great subject matter.

NV
Nicole V.

Great speaker!

CC
Christine C.

very informative and clearly explained

EM
Elizabeth M.

HIGHLY recommend Dr. Basi's Trust CLE! This is the BEST CLE I have taken in 20 years as a lawyer! I am not a trust and estate's attorney and do not know Dr. Basi. He is an excellent speaker, very knowledgeable in trusts and estates, and condensed a gold mine of trust advice into this one hour CLE. I will search more CLEs with Dr. Basi. Thank you. Liz

MW
Matthew W.

Informative!

AC
Allan C.

Very informative and well presented.

SK
Steven K.

Very interesting speaker

MS
Mary Lou S.

Best course. Great presentation.

RM
Robert M.

Speaker was clear and knowledgeable. First rate presentation.

LD
Leigh D.

This course was excellent. The professor conveyed complex information in an informative engaging way. My favorite course so far

EP
Eric P.

Excellent.

ZA
Zahara A.

Highly recommended. Bart's knowledgeable of the various uses of trusts was impressive and very informative.

TF
Thomas F.

very good

DC
Daniel C.

Bart is so good. I’ve done several classes on trusts, taxes and finances with Bart and he is efficiently sets out his explanation from a wide and deep base of knowledge.

RB
Richard B.

This course was much better than I expected based on the title.

SJ
Skye J.

Great course, lots of information.

MC
Margaret C.

Outstanding

WD
WILLIAM D.

Very interesting presentation. Great speaker who was knowledgeable of the subject.

GM
gary m.

what a great orator/teacher!!!

JC
Joseph C.

Enjoyed instructor.

AF
Alan F.

Very clear varied and thorough presentation by someone who understand the material and conveys a degree of enthusiasm that holds the audience's attention

JC
JAMES C.

Very good speaker with great knowledge of Trusts.

VC
Victoria C.

Very interesting.

MV
Milan V.

excellent program

M
Karen M.

Great presenter!

AB
Andrew B.

His enthusiasm is infectious and his knowledge outstanding. Bravo.

JK
Jennifer K.

Very informative.

AM
Andrew M.

Great program

JW
John W.

Great background on trusts - very helpful.

BC
Bettye C.

Very detailed and informative presentation. Excellent.

BY
B.Casey Y.

Complex subject very thorough well done.

JW
John W.

good information

MV
Martha V.

Refreshed my memory on things I needed To be reminded of. Thanks for a good program!

MF
Michael F.

Enjoyed the course

GC
Gary C.

best lawline class I've seen thus far

AG
Arthur G.

well prepared concise thorough

ES
Edward S.

I wish my colleagues would take this course or one like it!

PI
Paul I.

Good pointing out dangers of not transferring property to fund the trust as described in the trust document.

SS
Steve S.

Very solid course; energetic and interesting presenter.

AV
Aldo V.

Learned a lot

TA
Tom A.

This is a very good overview; it's packed with information. Very good instructor.

SE
Stephen E.

Excellent primer on Trusts.

JW
John W.

Good course

ES
Elise S.

The lecturer was knowledgeable and very clear.

JW
Jennifer W.

Nice overview! Tax implications were helpful!

LS
Leonard S.

He covers a lot of ground and repeats the most important aspect. Good basic course

CC
Cornell C.

Best seminar I’ve been to

JV
James V.

The best comprehensive review I've ever heard on trusts

JM
John M.

Need better materials.

LS
LEONEL A. S.

This is one of the best presentations I have seen on Lawline. Excellent in every way. Congratulations.

LO
Lynda O.

Excellent!! Very Informative. Would love to see more lectures. I learned quite a bit. Thank you so much for having this lecture. He was wonderful.

SW
Sheafe W.

A good overview of trusts with a knowledgeable instructor. I’m impressed with the the way he highlighted the tax ramifications of trusts as well.

RH
Randal H.

Very good presentation

TW
Tracy W.

Another great program by this speaker. He is clear, concise & informative.

JL
Jeffrey L.

a good presentation on the topic

MS
Marvin S.

very good

NG
Neelima G.

Excellent course! Loved it!

MA
Mattie A.

Excellent

GV
George V.

Excellent Course!

SG
Scott G.

The presentor was excellent.

LV
Lori V.

more courses with him!

MS
Marybeth Pascale S.

excellent speaker

AW
Andrea W.

Very well presented.

AA
Angelita A.

Excellent summary, great tips and practical applications.

LC
Laura C.

Awesome. Content rich, clear and concise. Highly recommended.

DG
Denise G.

Very informative!!

DR
Desiree R.

Outstanding course

AS
Adrienne S.

Speaker was very engaging and informative.

AP
Andrew P.

Enjoyed

YR
Yasmine R.

great speaker super interesting

AB
Angela B.

Great Session.

BK
Bernadine K.

This speaker was excellent!!

WA
Whitney A.

I will look for this instructors video in the future.

MH
Maria H.

Bart was very good and knowlegable.

DF
David F.

probably your best presenter

CL
Claire L.

Really enjoyed this program!

BM
Byron M.

informativeCLE

JJ
Jennifer J.

Bart gets to the point.

OA
Olga A.

EXCELLENT!!!!

SP
Spence P.

Dr. Basi was very knowledgeable and and made the material very interesting. Excellent lecture.

RE
Robert E.

EXCELLENT AND THOROUGH

RD
Rebekah D.

Thank you

PP
Paul P.

Thank you.

WF
Warren F.

The presenter was superb. If i could afford him, I'd hire him in a minute.

SL
Salvatore M. L.

very good course

JH
John H.

Excellent program - and Dr Basi is great!! It would be very helpful to have some follow-up seminars that focus on the different types of trusts and develop different concepts more deeply.

AP
Andrew P.

Bart’s classes are always fantastic!!! Please offer more by Bart Great speaker and learning experience

PF
Peggy F.

Excellent presenter.

CH
Cynthia H.

Ya'll's speakers are getting better every year

SM
Steve M.

Good overview of various uses of trusts .

DB
Diane B.

Best one yet

CJ
Charlotte J.

Great presentation

CL
Chianti L.

This professor was awesome! I actually learned a lot about estate planning and trust. But most importantly.... I will always remember to find out the purpose of the client so that I can direct them to the appropriate trust. I will hopefully be working in this field shortly and I am excited to learn (or relearn from law school) this area of law. Thank you professor!

EL
Eduardo L.

EXTREMELY informative and clearly explained. I will reach out to Dr. Basi to refer

MB
Makedonka B.

Great discussion.

PG
Philip R. G.

Excellent

MC
Marvin C.

As an overview, the good doctor covered a lot of material in short time.

JH
James H.

Well presented.

MD
Michael R. D.

Great course!

EM
Elizabeth M.

Very informative!

JL
Jem L.

Excellent!

PS
Paul S.

This is the second time I have taken this instructor. He is great. The only thing I wish is that when searching for classes we could search by instructor because I would take all the classes he offers.

PB
Paul B.

Excellent presentation. Instructor is knowledgeable and is easy to understand.

JS
John S.

best course yet. This man is a good teacher and it makes all the difference.

BS
Brenda S.

The speaker was excellent.

LF
Lauren F.

Great presenter!

JF
Jennifer F.

I'm a Bart super fan! Such great material.

SM
Susan M.

Great insight. Easy to follow. Good examples.

PP
Patrick P.

Awesome Lecture!!!

HC
Heather C.

This had fabulous information. I always love Bart's teaching style!

JW
Juliet W.

Great speaker

AA
Ashley Smith A.

Great

TB
Thomas B.

Especially helpful to early associates tackling trust and estate planning

SM
Shelley M.

Presenter was great - concise, clear, and emphatic when necessary, providing the tax implications of different types of trusts.

IF
Ira L F.

Excellent presentation by a knowledgeable instructor. Kept my attention.

ML
Michael L.

Excellent instructor I always learn something from his seminars

JM
Jenelle M.

This was the best program I have seen yet. He should do all your courses! Excellent!

MM
Michael M.

This overview encompasses a wide breadth of the subject area. Thank you.

JM
Jaykumar M.

great---superclear, which evinces great intellect. maybe a bit more on threshold questoins--- why set up a trust in the first place?

SK
Sarah K.

This professor was so-welled versed in this area. He was so interesting and got the material across very well. He was enjoyable and I will look to see what other courses he teaches.

KE
Karen E.

This presenter was by far the best I have ever seen in any CLE.

DM
David M.

Great Speaker!

RB
Roberta B.

Excellent overview of trusts!

JB
James B.

This is one of the best courses that I have taken anywhere, whenever.

AH
Amanda H.

concise, clear and helpful - both professionally and personally - whoever takes thiss course - - -

DB
Dwight B.

great

KT
Katie T.

Dr. Basi was EXCELLENT!

MQ
MARY Q.

excellent

MG
Michael G.

Excellent and thorough presentation.

AW
Ann W.

I always seek out Mr. Basi’s classes for my CLE requirements. He is an excellent lecturer.

MW
Michael W.

Good primer course

SP
Samuel P.

Best presenter I have heard. Excellent.

AW
Adele W.

Such a helpful overview of the various types of trusts and their basic income tax implications.

EB
Earl B.

ALL CLE should be conducted like this...

KR
Karen M R.

SUPER KNOWLEDGEABLE AND HIGH ENERGY-- ENJOYED FOR A VERY SUBSTANTIVE SUBJECT!

RB
Robert B.

Very well done.

MW
Michael W.

I found this particular presenter very concise and effective for this subject matter.

LO
Lisa O.

Great presentation. I would definitely recommend this.

AA
Angela A.

Speaker kept my attention the entire time. Best CLE I've watched on here so far.

PB
Precious B.

Loved hearing about the Alaskan Trust. This was the first time I heard about it.

SM
Susan M.

This was a very informative CLE and the teacher was fantastic!

SB
Stacy B.

Very informative.

SY
Steven Y.

Very knowledgeable

EW
Emily W.

Great speaker!

IL
Idalia L.

Excellent!

AW
Andrea W.

I really enjoyed this presenter. I hope he has other programs.

JA
Justin A.

This is one of the best faculty I have seen in any of the on demand videos I've watched.

JR
Janice R.

Tremendous knowledge on the subject

MP
Michael P.

Excellent lecture!

AW
Allan A. W.

Good basic presentation.

GG
Gail G.

Very interesting and informative

JT
Jerry Geza T.

Outstanding speaker. Excellent communicator.

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