VAPT Online Drafting Camp (download)

VAPT Online Drafting Camp

By: Valerie Peterson, JD and Brian Albee, JD

Member Price: $0.00 Retail Price: $495.00
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Topics Covered: 
  • Veterans Asset Protection Trust
  • Trust Summary and Funding Letter
Length: 90 minutes per session, 3 sessions total

 ElderCounsel members: View this course complimentary in the Education Library.

Session 1
  • Why a Different Trust is Necessary for VA Pension Planning
  • Drafting Rules That Can Never Be Broken
  • Understanding the Concept of the Residence and Nongrantor Subtrusts
    • Income Distributions, Grantor vs. Nongrator Status, Estate Inclusion
  • Why and How We Avoid Grantor Trust Status
 Session 2: 
  • Gift and Estate Tax Consequences of Each Subtrust
  • The Conversation with the CPA About Taxation of the VAPT
  • Choice of Trustee and Restrictions to Consider
  • The Power to Decant:  Its Importance in VA Pension Planning 
  • Choice of Lifetime Beneficiaries
    • Requirement of Income to Be Paid to Lifetime Beneficiaries
  • Distribution Standards
 Session 3
  • Trust Protectors
  • Funding
  • Tax ID Numbers for Each Subtrust
  • Dealing With the Home and the Prohibition Against Renting
  • Working with Escrow Agents Re: Proper Payment of Closing Proceeds
Recorded June 17-19, 2014

Once your order has been placed, you will find the course in your profile under the MY DOWNLOADS/COURSES section. Videos are available via streaming. Audio and materials are downloadable.