BBA Trusts & Estates Section Program Recap – June through October 2012

Monday, December 10, 2012
Over the summer and in September and October 2012, the Boston Bar Association’s Trusts & Estates Section offered several educational programs on timely topics and developments in trusts and estates law. In addition, the Family Law Section together with the Association’s Trusts & Estates Section sponsored two programs discussing the proposed Elective Share Statute. Below is a summary of the programs.

Proposed Massachusetts Spousal Elective Share
October 19, 2012

The program reviewed the workings of the proposed Massachusetts Spousal Elective Share statute and provided a forum for discussion. The proposed Massachusetts Spousal Elective Share statute is being considered by Boston Bar Association and this Brown Bag program provided an opportunity for members of the bar to learn more about the proposed statute and provide feedback.

Sponsoring Section/Committee: Family Law Section, Estate Planning Committee

The program materials can be found here.

CLE - When the Rubber Meets the Road: How the MUTC and MUPC Will Work in Practice
October 3, 2012

This cutting edge program addressed the many issues that may arise in drafting and administering trusts under the new MUPC and MUTC. Specifically, the panel of experienced practitioners discussed salient provisions in the new laws, explained practical implications of the new laws for practitioners and trustees, and explored aspects of the law that remain unclear or which may represent traps for the unwary.

Sponsoring Section: Trusts & Estates Section


First Wednesday Fundamentals: Estate, Gift and GST Tax Basics for the New Estate Planner
October 3, 2012

This is the first part in a year-long series of monthly discussions designed to provide new and transitioning practitioners a core set of tools necessary to practice in the areas of estate planning and probate administration. The series will cover substantive legal aspects of the practice, as well as practice tools, management and marketing concepts necessary to build a successful Trusts and Estates practice.

This first session provided a basic overview of the estate, gift and GST taxes. Speaker Geoffrey Mason of Ropes & Gray explained the scope of the taxes and how they drive certain aspects of the estate planning process. The session provided attendees with a framework for the second session on drafting basic estate planning documents.

Sponsoring Committees: Practice Fundamentals Committee, New Lawyers Practical Skills Committee


Drafting Considerations Under the Massachusetts Uniform Trust Code
September 28, 2012

With the implementation of the Massachusetts Trust Code, estate planning professionals once again need to consider the impact of a substantive piece of legislation on not only their standard forms, but also on the tools now available under the statute to assist clients in structuring estate plans. This brown bag lunch highlighted how and when you might wish to update your estate planning forms, as well as addressed new concepts such as pet trusts, purpose trusts and directed trustees.

Sponsoring Committee: Estate Planning Committee


MUPC: Practical Issues & Tips
September 20, 2012

The Elder Law & Disability Planning Committee discussed the MUPC, it's implementation in the various probate courts, and valuable information that attorneys should know about the MUPC prior to filing any documents.

Sponsoring committees: Elder Law and Disability Planning Committee


Proposed Spousal Elective Share Statute
September 19, 2012

A distinguished panel including all the members of the Ad Hoc Committee on the Spousal Elective Share lead a discussion of the proposed statute, explaining how it would work, taking feedback, addressing concerns and answering questions. The panel discussion was followed by a one-hour informal session, where attendees were able to network and discuss the proposed statute with each other and the panelists. The proposed statute can be found here.

Sponsoring Sections: Trusts & Estates Section, Family Law Section

CLE - Trusts & Estates Year in Review 2012
June 13, 2012

An annual hit among estate planning practitioners, this seminar offered the rare opportunity to learn about the past year’s significant developments in Massachusetts and federal laws that affect your estate planning practice. The panelists covered Massachusetts legislative developments, and reviewed significant tax and state law cases and regulations between June 2011 and June 2012.

Sponsoring Section: Trusts & Estates Section


Life Insurance Basics: From Planning to Purchase
June 6, 2012

This program addressed some of the most basic and fundamental questions relating to life insurance planning including the various types of insurance products in the market and how to understand an in-force illustration. The panelists outlined some significant estate planning issues including life insurance trusts, Crummey Notices, transfer for value rules, and grantor trust considerations.

Sponsoring Committee: Practice Fundamentals Committee

For a schedule of upcoming programs, visit the Boston Bar Association’s online calendar.