Revocable & Irrevocable Trusts: Piloting the Maelstrom with a Steady Hand

(1551 Ratings)

Produced on: October 02, 2014

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 93 minutes
Difficulty Intermediate

Join Lawline Faculty Member Michael Markhoff as he explains the use of revocable and irrevocable trusts as techniques to minimize estate taxes, create centralized management of a client’s assets and protect the client’s assets (and those of her or his children and grandchildren) from creditors. These trusts can be used to protect the client’s estate from remarriage of the surviving spouse, to protect the surviving spouse in case of dementia and similar disorders and to act as a hedge to ensure that any future estate appreciator is sheltered from estate tax.

 

With a sharp eye for nuance and an expansive body of knowledge, Markhoff leaves no stone unturned in this analysis of the benefits and drawbacks of revocable and irrevocable trusts. 

 

Learning Objectives:

I.   Understand the basic uses of revocable and irrevocable trusts

II.  Spot situations in which these techniques may be relevant when discussing estate planning with clients 

III. Recognize the advantages and disadvantages of these techniques in order to determine the relevance for your clients

 

Faculty

Michael Markhoff

Danziger & Markhoff

Michael Markhoff is a partner in the White Plains law firm of Danziger & Markhoff LLP. He is a graduate of Columbia College (1987) and Brooklyn Law School (1990) and is listed in Best Lawyers in America -Trusts and Estates and Category and Super Lawyers – Trusts and Estates Category. 

He is Past President of the Estate Planning Council of Westchester County, Inc. (2007-2008)(where he also served on the Board of Directors from 1998-2001), Past President of the Hudson Valley Estate Planning Council (2012-2013)(where he also serves on the Board of Directors), Past Chairman of the Trusts and Estates Section of the Westchester County Bar Association (1998-2000), Past Director of the Westchester Chapter of the Society of Financial Service Professionals (2001-2005) and Past President of the Northern Westchester Bar Association (2001-2002) and the White Plains Bar Association (2004-2005). Michael was the Ninth District Delegate to the New York State Bar Association Trusts and Estates Section (2003 – 2005) as well as a member of its Executive Committee (2000 – 2005). 

He also served as the Ninth District Delegate to the House of Delegates of the New York State Bar Association (2005-2008).Michael has also been a member of the Board of Trustees of the Bedford Free Library since 2005, a member of the Board of Advisors of the Westchester Community Foundation since 2012 and a member of the Board of Directors of Fox Lane Youth Lacrosse, Inc. 

He is also a member of the Westchester County (Sections on Tax and Trusts and Estates), Connecticut (Estates and Probate Section) and American (Sections on Real Property, Probate and Trust Law) Bar Associations as well as the Estate Planning Council of Rockland County, Inc.

Reviews

WD
William D.

Well done.

JM
John M.

Excellent presentation

SS
Sarah K S.

One of the best I've watched.

DM
Donald L. M.

Good detail

SH
Sharon H.

Excellent!

MB
Melissa B.

Excelllent- loved this guy!

TH
Thomas H.

Excellent talk.

PK
Paul K.

excellent presentation

MR
Margaret R.

Effective speaker on a complicated subject.

MW
Michael W.

great course - very informative

MK
Maria K.

Very informative and gave much better understanding of trusts.

JH
Justinian H.

Enjoyed it, thank you.

MP
Michael P.

Very thorough presentation

GK
Geoffrey K.

Mr. Markhof is a very effective speaker, and his program was informative and well worth watching.

RW
Rich W.

Excellent material and presentation.

DR
Deborah R.

Excellent course!

AW
Allan A. W.

Good presentation and content

DS
DANIEL S.

perfect for my purposes!! I trust Markhoff! :>)

TT
Terrel T.

Thank you

DO
David O.

Excellent program. Gave practical solutions to estate planning issues. Clearly explained advantages of trusts.

BA
Blanche A.

excellent

DJ
David J.

This was very informative.

AG
Amy G.

Fanatastic overview!

EK
Edward K.

Good background intro to these trusts.

RY
Ronald B. Y.

Definitely the best Lawline course I've seen this year, probably ever.

KC
Krista C.

Excellent. Great refresher.

DC
David C.

Very informative. Thank you.

KG
Kenneth T G.

Excellent; comprehensive.

CB
Candace B.

Excellent presentation! Thank you.

PC
Patrick C.

excellent presentation. Very knowledeable

SY
Steven Y.

Nice program

JS
John S.

Enormous amount of important substantive material covered here very efficiently, but perhaps too rapidly for a complete understanding. For best effect, this presentation probably should be viewed again after a review of the written materials.

VS
Vera S.

Very good.

AH
Alan H.

Superb!

SP
Susan P.

very helpfull

AF
Andrew F.

Very thorough coverage of topic

DB
Dwight B.

great

GM
Gary M.

worthwhile

CD
Craig D.

Michael Markhoff is the best! Law line should retain him for more courses.

IM
Irwin M.

He is excellent and down to earth.

FD
Fern D.

Excellent

LF
Lawrence F.

Clear and complete presentation. Easy to listen to.

MB
Melea B.

Excellent speaker. His grasp of the subject matter was impressive.

KO
Karl O.

good overview

BY
Bill Y.

Well presented discussion

DK
Daniel K.

Great course. I'm going to search and see if he offers more courses. Great instructor.

PA
Peter A.

Very good overview.

DM
Douglas M.

Really good and helpful.

KS
Kevin S.

Excellent

MM
Michael M.

Good course

WG
Wendy G.

Well done.

SH
Sharon H.

Absolutely great Course. My fingers are exhausted, I took so many notes. Thank you.

TN
tammy n.

excellent presentation!!

TC
Tatiana C.

excellent summary

KH
Kathleen H.

Speaker was excellent - clear, interesting, substantive presentation.

RA
Robert A.

Mike really knows his subject, presented very well and packed a lot into a short time.

SD
Sheila D.

excellent speaker with comprehensive notes., Thank you

JL
James L.

Excellent Presentation of a complicated subject.

JA
Joy A.

Loaded with important information and practice tidbits.

KT
Karen T.

Very well done!

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$89

$ 89 Tax Law, Wills, Trusts, & Estates, and Financial Planning In Stock

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