Revocable & Irrevocable Trusts: Piloting the Maelstrom with a Steady Hand
Produced on: October 02, 2014
On Demand
Audio
Taught by
Categories:
Course Description
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
Excellent content.
Well done.
Excellent presentation
One of the best I've watched.
Good detail
Excellent!
Excelllent- loved this guy!
Excellent talk.
excellent presentation
Effective speaker on a complicated subject.
great course - very informative
Very informative and gave much better understanding of trusts.
Enjoyed it, thank you.
Very thorough presentation
Mr. Markhof is a very effective speaker, and his program was informative and well worth watching.
Excellent material and presentation.
Excellent course!
Good presentation and content
perfect for my purposes!! I trust Markhoff! :>)
Thank you
Excellent program. Gave practical solutions to estate planning issues. Clearly explained advantages of trusts.
excellent
This was very informative.
Fanatastic overview!
Good background intro to these trusts.
Definitely the best Lawline course I've seen this year, probably ever.
Excellent. Great refresher.
Very informative. Thank you.
Excellent; comprehensive.
Excellent presentation! Thank you.
excellent presentation. Very knowledeable
Nice program
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.
Very good.
Superb!
very helpfull
Very thorough coverage of topic
great
worthwhile
Michael Markhoff is the best! Law line should retain him for more courses.
He is excellent and down to earth.
Excellent
Clear and complete presentation. Easy to listen to.
Excellent speaker. His grasp of the subject matter was impressive.
good overview
Well presented discussion
Great course. I'm going to search and see if he offers more courses. Great instructor.
Very good overview.
Really good and helpful.
Excellent
Good course
Well done.
Absolutely great Course. My fingers are exhausted, I took so many notes. Thank you.
excellent presentation!!
excellent summary
Speaker was excellent - clear, interesting, substantive presentation.
Mike really knows his subject, presented very well and packed a lot into a short time.
excellent speaker with comprehensive notes., Thank you
Excellent Presentation of a complicated subject.
Loaded with important information and practice tidbits.
Very well done!
$89
Accreditation
Get Unlimited Access to Lawline Courses
Unlimited CLE Subscription gives you access to take almost any course from our catalog and earn as much CLE credit as you need.
Culture Blog
Facebook
Twitter
LinkedIn
Youtube
Glassdoor