This presentation will cover drafting options for specific bequests (sometimes called “pre-residuary gifts”) in a Will, revocable trust or joint revocable trust. We will discuss options for gifts of tangible personal property, including a memorandum approach, general gifts, and specific gifts of particular items. Gifts of pets and the creation of pet trusts will also be covered. In the cash gifts area, we will examine how gifts of a pecuniary amount can be left outright or in trust, the best approach for gifts on the first spouse’s death from a tax perspective, and options for charitable gifts. Finally, we will cover gifts of real estate and intangibles.
This subscriber drafting webinar is appropriate for subscribers to all practice systems.
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