Funding Trusts: Asset Planning & Financing Distributions

Tuesday May 2, 2017

Having a trust is only the first step of an effective estate plan. The practical steps of actually funding the trust is something that’s often overlooked and is a more complex process than at first appears. Different asset classes – financial assets, stakes in family businesses, unique objects like art, real estate, etc. – are governed by different methods and rules of assignment. Some assets – IRAs, 401(k) accounts, certain types of insurance – can’t be transferred at all, or only in narrow circumstances. Planners must also provide banks or other financial institutions detailed funding instruction letters and certify trustees. If any of these funding steps are overlooked or not carefully performed, client trusts will fail of their essential purposes. This program will provide you with a practical guide to many and complex steps of funding trusts.
Handout Materials Will be Emailed to You Prior to the Seminar

Starts 12:00 p.m.
1.0 MCLE Credit Hours

• Planning for funding trusts – and how to avoid mistakes
• Identifying funding sources and potential assignment and other problems with each
• Drafting instruction letters and trustee certifications
• Specific issues of working with banks on funding issues
• Assignment of interests – business interests, real estate, financial interests, unique objects
• Treatment of certain assets that are non-assignable – retirement benefits, insurance contracts, annuities
• Tax planning issues involved with funding trusts


Michael Sneeringer, Akerman, LLP – Naples, Florida