ODW2225 – Drafting and Implementing Trusts: The Good, The Bad, and The Ugly

Course Materials: Webinar recording and a PDF of the PowerPoint slides.

Description: The world of trusts is multifaceted and intricate. This course will focus on key elements of understanding, drafting, and implementing trusts. We will also discuss trust administration. Trusts have three primary elements: a trustee, a beneficiary, and the property owned by the trust. Trusts are often referred to as “Agreements” and in many ways, Trusts are contracts between the trustee and the beneficiary regarding how the property owned by the trust will be distributed, invested, and managed.  The best trusts are drafted with this relationship in mind. Communication between a trustee and a beneficiary takes many forms, from accountings and regular in-person meetings to informal phone calls; good Trusts encourage frequent communication so that beneficiaries understand a trust’s circumstances and so that trustees understand a beneficiary’s wishes. Additionally, well-drafted trusts encourage accountability between the trustee and the beneficiary. These and other topics will be discussed during this seminar.  

Course Year: 2022

Presenter Biography: Mr. Edward “Ted” H. Miller is a nationally syndicated author on estate planning matters. He represents individuals and families on a variety of sensitive estate planning matters. While attending the University of Virginia, Mr. Miller received the True Wahoo Award for his community commitment. As a graduate of the Duke University Financial Planning Program, he can navigate the challenges of retirement, asset protection, and financial planning. Mr. Miller has passed the Registered Investment Advisor exam and can bring a holistic approach to the needs of families. He received his law degree from the University of Richmond and is an an adjunct Professor at Regent University School of Law.