So You Drafted Your First Irrevocable Trust – Now What?

irrevocable trust

Listen to ElderCounsel Principal Lou Pierro as he  provides instruction on steps to take once an irrevocable trust has been drafted and signed.

Topics Covered:

  • Document Execution
  • Post Execution Actions
  • Trust Funding
  • Certification of Trust
  • Funding Letter
  • Income Tax Issues (MAPT vs VAPT)
  • EIN/SS-4 form
  • Deeds & Real Property Transfers
  • Schedule A
  • Client Follow Up Letters
  • Medicaid Implications (lookback period, penalty period, grantor and trustee powers)
  • Gift Tax Return
  • Client Maintenance Program.
  • Sample letters, forms, and checklists included in materials