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Wealth
Transfer Planning Practice Systems
Gift Tax Effects of Substituting A Lower AFR Note for a Higher AFR Note
By Jonathan G. Blattmachr,
Bridget J. Crawford & Elisabeth O. Madden.
Please
scroll down to Articles of Interest to access this article.
Estate Planning for Blended Families
By Andrew H. Hook, Esq.
Please scroll down to Articles of Interest to access this article.
“Paralegal Proficiency Program™” Launched
InterActive Legal is pleased to announce a new program geared specifically to paralegals, legal assistants and novice T&E attorneys who draft estate planning documents.
This exciting initiative provides a solid foundation in estate planning concepts as well as practical experience in drafting, formatting, editing and customizing documents. Classes will be
held quarterly. See Event News, below, for information about
our Summer 2008 program.
Hurry! Space is Limited
Summer 2008 Paralegal Proficiency ProgramTM – June 25-27 (Melbourne, FL)
Join us for a 3-day intensive program specifically designed to meet the needs of paralegals, legal assistants and
novice attorneys (less than 1 year T&E experience) who use Wealth Transfer Planning™, Elder Law & Special Needs Planning™
or Essential Estate Planning™ drafting systems. The Paralegal Proficiency Program includes 21 hours of education and practical
application taught by seasoned attorneys, paralegals and technicians. Upon completing the workshop, students will understand basic estate planning concepts and how to apply them to the
drafting software. Students will be proficient at entering data, selecting profiles, choosing drafting options and assembling, editing and formatting documents. Customizing style sheets,
profiles and basic templates will also be covered. (NOTE: Experienced Paralegals and Attorneys, competent in estate planning legal principles, may opt to join us for Days 2 & 3. Tuition will
be adjusted.) Contact Kristine Gray at
kgray@InterActiveLegal.com (321-252-0100). Fax in your registration (866-249-6649), or register by phone (321-252-0100).
Download a complete
brochure.
Register online.
NAEPC-ILS Joint Estate Planning Webinar Series Commences July 2
NAEPC and InterActive Legal will be hosting bi-monthly estate planning webinars on the 1st and 3rd Wednesdays of each month, from 1:00 – 2:00 p.m. (Eastern Standard
Time). These high quality webinars are delivered at a very economical price. All you need to participate is a phone line and internet connection. The cost of each webinar is $85 for NAEPC
members or InterActive LegalSuite customers (subscribers to Wealth Transfer Planning, Elder Law & Special Needs Planning or Essential Estate Planning). For all others, tuition is $95 per
event. For more information or to register, contact Thea DeDyne (321) 252-0100 (tdedyne@interactivelegal.com).
Competitive Upgrade Special – Offer Extended through June 30
Are you completely satisfied with your current drafting system? Please ask our sales team about special competitive upgrade incentives available for current users of
WealthCounsel/WealthDocs™, Lawgic™, Cowles Trust Plus® and Drafting Wills and Trust Agreements™ (DWTA). Contact sales@InterActiveLegal.com or call (321) 252-0100 for information and to
schedule a personal web demonstration of InterActive LegalSuite products (Wealth Transfer Planning™, Elder Law & Special Needs Planning™ and Essential Estate Planning™). This is a time
sensitive offer so call today.
 On the Road Again: Summer 2008
InterActive LegalSuite™ products are proudly exhibited at major estate planning and elder law conferences nationwide. We invite you to visit the InterActive Legal
exhibit for a live demonstration of Wealth Transfer Planning™, Elder Law & Special Needs Planning™ or Essential Estate Planning™.
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June 10 – 14: State Bar of Texas Advanced Estate Planning & Probate Course, Dallas, Texas
Co-Author Michael L. Graham will be speaking at the conference on Thursday, June 12 at 9:45 a.m. on Migrating Clients and Assets – Inheritance Tax. Please stop by the exhibit area and talk
with Mike about harnessing the power of Wealth Transfer Planning and Elder Law & Special Needs Planning and increasing your productivity and profitability.
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July 24 -- 25: Pennsylvania Bar Institute: 11th Annual Elder Law Institute, Harrisburg, Pennsylvania
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August 14 -- 17: NYSBA Elder Law Section Summer Meeting, Baltimore, MD
Not attending any of these events? You can easily schedule a one-hour demonstration of any InterActive LegalSuite product. For information contact Nicole Splitter at
sales@interactivelegal.com or (321) 252-0100.
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SPECIAL OFFERS AND PRODUCT NEWS FROM OUR ALLIANCE PARTNERS |
TimeMatters® Integration Package
Use TimeMatters® 8.0 to its full potential. The Basha Systems Estate Plan Management System ("EPMS") - a Time Matters® feature package integrates seamlessly with
InterActive LegalSuite products. The base fee of $1,500 includes remote installation of the package and access to training classes on usage of the EPMS system. Time Matters® is NOT included.
For additional information contact sales@interactivelegal.com or call Nicole Splitter (321) 252-0100.
Learn more about EPMS.
Estate Planning Binders
ProSoft Binders provides high quality custom and stock Estate Planning binders and tabs. Custom binders,
stamped with your logo are available in a wide variety of materials and colors for around $35.00 (min. 25). Premium vinyl and bonded leather binders are in stock and ready for delivery.
Contact sales@prosoftbinders.com (888) 209-7183 or (321) 252-0093 for information or custom quote.
Visit the website at www.prosoftbinders.com.
 Interactive Legal Basics Classes: WTP 101 and ELP 101
If you’ve recently purchased the Wealth Transfer Planning and/or Elder Law and Special Needs Planning programs, but
you’re just too busy to figure out how to use them, consider taking an on-line class. The Basics Class will teach you to use Wealth Transfer Planning (WTP) or Elder Law & Special Needs
Planning (ELP) in just one hour. After taking this introductory class, you will be amazed at how easy it is to begin drafting your documents.
Your trainer, Jill Teske, is a former Estates, Trusts & Probate paralegal with over 20 years experience. The WTP introductory classes are
held every Tuesday at 2 p.m. (EST) and Thursday at 10:00 a.m. (EST) and the ELP classes are held every Wednesday at 10:00 a.m. and Friday at 2:00 p.m. These one-hour classes cover basic
navigation and functionality. You will learn to add a client, create a matter and draft the plan documents, even create a mirror plan for the spouse. For questions about classes, contact Jill Teske
at jteske@interactivelegal.com or (321)-252-0095.
Register online
 JumpStart Coaching Program
Take your practice to a new level. JumpStart Coaching is a free one-on-one private training session with an experienced Trusts & Estate lawyer who can provide an
understanding of the interview option and how to achieve a particular result in the documents. We encourage you to attend a 60-90 minute JumpStart Coaching session after completing the on-line
basic functionality course.
Teresa L. Bush, our in-house Attorney/Content Specialist, has over 16 years of estate planning experience. She will focus on applying legal concepts to the available
drafting options. Using remote access technology, we "watch over your shoulder" as you create your first estate plan directly on your PC. JumpStart Coaching is highly recommended for all
attorneys and paralegals. Schedule a JumpStart Coaching session by contacting Teresa L. Bush at
tbush@interactivelegal.com or
via phone at 321-252-0091.
Schedule a JumpStart Coaching session online.
On-Site Training
InterActive Legal now offers on-site training for firms who prefer a personalized training class held in their own offices. Contact Thea Dedyne for more information and
pricing.
tdedyne@interactivelegal.com or (321) 252-0100.
Gift Tax Effects of Substituting A Lower AFR Note for a Higher AFR Note
This article explores the gift tax consequences of an exchange of promissory notes between family members when interest rates have dropped from when the original or old
note was issue to the present time when the new note is issued. Specifically, it discusses the gift tax effects where a parent has loaned money to a child and the loan is evidenced by a
promissory note (“old note”) which provided at that time for adequate interest (i.e., interest at a rate equal or greater than the Applicable Federal Rate or AFR set by the Treasury
Department) when it is issued by the child. Under Code Sec. 7872, the value of this note was its face amount, as it bore adequate (AFR) interest when issued.
Read
the full article.
Estate Planning for Blended Families
Oast & Hook assists clients with their estate and long-term care planning. Typically, the clients are looking for assistance solving complex and difficult problems.
These problems include: Paying for uninsured medical and long-term care services; assuming the investment risk for their retirement funds; providing for the management of their personal and
financial affairs during periods of incapacity, and protecting their family members and assets from diverse legal, financial, tax and social risks. Our clients want professionals that provide
comprehensive solutions to these problems.
Read
the full article.
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