Description
The course will address legal estates that constitute trusts, but that are somewhat unusual and rarely seen. Topics include explanations of the Health and Education Exclusion Trust (HEET), gun trusts, pet trusts, "rabbi trusts", land trusts, "Coogan trusts", cemetery trusts, alimony trusts, and constructive trusts, among others. Attendees will learn about the origins of these types of trusts, their treatment for tax purposes, how they are formed under Texas law, and the rights and responsibilities of trustees and beneficiaries who are party to these relationships.
Objectives:
- To provide a working understanding of some of the more obscure trust estates that a practitioner may encounter.
- To provide background knowledge to identify and classify such trusts.
The method of presentation is group-live instruction and the program level is basic. There are no prerequisites for this course nor is there any advanced preparation required.