Drafting, Understanding and Enforcing Trustee Compensation

Learn about various models, legal documents, and estate planning measures that practitioners may utilize to assist in successful implementation of the discussed alternatives. Originally presented as part of the 14th Annual Elder Law Short Course, available in its entirety as P9007-18U.

A Forbes article confirms that elder and long-term care is rapidly becoming one of the most daunting healthcare challenges of our day: “between 2015 and 2030, the number of people in the world aged 60 years or over is expected to grow by 56%, from just over 900 million to nearly 1.5 billion. By 2050, the global population of people older than 60 is expected to jump to two billion. In the United States, the number of Americans over the age of 65 is expected to double from roughly 50 million today to nearly 100 million by 2060”. This 30-minute program explores the impact to attorneys of this demographic change which is a defining issue of our time, including: the impact of the aging population; traditional estate planning practices; long-term care considerations; evaluating appropriate long-term care planning for your client; and coordinating long-term care strategies into an estate plan.

Review the steps to take when preparing to close the estate. Understand procedures which apply to supervised and independent administration.