On Demand Audio

A Comprehensive Overview of Trusts (Update)

(560 reviews)

Produced on November 19, 2020

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Course Information

Time 1h 2m
Difficulty Intermediate
Topics covered in this course: Wills, Trusts, & Estates

Course Description

In this comprehensive and informative program, the mechanics of trust are laid out to establish a basic understanding of the foundational elements of a trust. This program, presented by business and tax law attorney Bart Basi, will discuss the various forms that trust can take and the purpose behind each specific structure. Types of trust to be discussed include irrevocable trusts, testamentary trusts, special needs trusts, simple and complex trusts, and Able trusts. The program concludes with a discussion of the tax effects of different forms of trust.

Learning Objectives:

  1. Examine 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

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 .


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.


  • 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


Debra b.

Bart is an excellent speaker. I hope there are more lawline courses by him!

Dennis S.

Very clear and competent lecturer.

John H.

Excellent presentation!

victoria p.

I really liked the instructor. I thought he could be a bit more polished on the delivery. Some of the missteps or anecdotes were distracting. Thanks!

Mark E.

loaded with useful information

Amy A.

Incredible amount of information in only 1 hour. I will seek out more of his talks.

James I.

Very basic, but important overview of core Trust concepts.

Christina H.


Mark M.

Outstanding instructor.

Raymundo M.

Great program

James H.

Very helpful overview and refresher course on trusts, with entertaining and informative anecdotes from wealth of experience.


Really interesting and knowledgeable presenter. Need to see more CLEs by "Bart."

sandra k.

This was my favorite class. Excellent speaker and so informative. I learned so much and will probably listen to it again. thank you for having this instructor.

Holly R.

LOVE this instructor. A complex subject made fun and interesting. Excellent! Thank you!

William G.

Excellent course!! The presenter was extremely knowledgeable and knew how to present in a very effective manner.

Debora J.

Love Bart. He is fun and very knowledgeable. Hope to find more courses with him

Steven E.

Knowledgeable lecturer, difficult topic

Christopher M.

Very knowledgeable and personable presenter.

Robert J.

Extremely knowledgeable presenter.

Melissa L.

Love this presenter. It is the second course I took from him. He is very engaging and I've learned a lot from both presentations. It's obvious he has been a professor... I think it would be great to get more experienced educators as presenters as some of the lawyers who are not experienced, come across as very dry.

Kenneth h.

he is a good resource

Carolyn A.

The presenter was terrific.

Michael P.

Good, comprehensive coverage of the issues.

Jayne W.

he was very personable and gave a great overview as well as issues that are most common, thank you!

marion b.

very helpful

Mark G.

good class very informative. well presented

Michael I. C.

General, not comprehensive as advertised

Donna W.

This was a terrific review of trust law; the faculty is informative and a bit entertaining. He is a great teacher!

William R.

Bart is an excellent instructor

John B.

Great course. Thanks Bart

Fred K.

Bart seems like a great guy in addition to being very knowledgeable

John A. M.

Well-structured presentation of important concepts by an extremely knowledgeable presenter. A slight bit disjointed at times; but very informative and highly recommended.

Timothy S.

Fantastic instructor. Knows his stuff and was easy to understand.

Anne P.

The instructor was amazing! Very knowledgeable.

Michael C.

A good primer

Kenneth H.

Among the very best!

Edward C.

Outstanding course.

Marlon S.

I like him...very personable.

Glenn G.

Would like to see more CLE programs by this presenter.

Gerard M.

Good class, but I consider this basic rater than intermediate

Laura G.

Thanks great presentation.

Neelima G.

Excellent speaker, teacher with good information.

Patricia P.

Excellent presentation. Very informative for someone who does not deal with trusts routinely but needs an understanding of trusts with some cases. Sorry i never had Mr. Basi as a professor in law school!

Clifford K.

Excellent teacher

John B.

Excellent job!

Erika P.

Best Presenter I've seen yet.

Daria T.

Great live seminar, saving contact information for presenter. thank you

Jennifer B.

This gentleman is one of the best presenters I have heard via Lawline. Informative, pleasant, and engaging, too!

Earl B.

one of the best I have ever taken, if not THE best.

Diane H.

This guy is great!

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