Portland Trust Company is happy to play host to an ongoing series of continuing education events that serve to keep our community of financial services professionals up to speed on the latest topics and trends. Please join us for insightful commentary and lively discussion. 

All of our events are from 12:45 to 2:30 p.m. and are held here in our offices, on the third floor of Two City Center, in Portland, Maine. 

• View this webinar to learn about what post-mortem techniques work and when. This webinar explains the factors for deciding on when to elect portability, and reviews the advantages and disadvantages of QTIP and valuation elections, disclaimers, decanting, nonjudicial relief and judicial relief. You will also learn what issues the IRS focuses on in audits of estate tax returns and how to address them. This webinar will also discuss how to fix mistakes that are not discovered until after the death of the testator.
• Discussion Highlights include:
  • Basic post-mortem planning techniques
  • Using the alternate valuation date
  • Partial QTIP elections
  • Effective use of disclaimers
  • Effective use of portability
  • Graegin notes
  • Decanting
  • Judicial and Nonjudicial relief
  • Audit issues with respect to the federal estate tax return

Portland Trust Company is pleased to offer Continuing Education opportunities featuring tenured professionals from the American Bankers Association Trust Schools.

Thomas W. Abendroth, Partner, Schiff Hardin LLP

Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP

View this webinar to join a panel of attorneys in an annual review of the current types of fiduciary issues being addressed by the courts and learn how to avoid risks associated with these issues. Hear what is happening in areas ranging from objections to settlements, fraudulent transfers to decanting.

Discussion Highlights include:

• Objections to settlements
• Need of consent of co-trustees
• Breaches of fiduciary duty
• Arbitration provisions in trusts
• Child support payments from spendthrift trusts
• Fraudulent transfers
• Consideration of irrevocable trust assets in divorce
• Trustee fees
• Replacement of trustees
• In terrorem clauses
• Decanting

Portland Trust Company is pleased to offer Continuing Education opportunities featuring tenured professionals from the American Bankers Association Trust Schools.

Thomas W. Abendroth, Partner, Schiff Hardin LLP

Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP

View this webinar to learn about the different types of nonprobate transfers and the advantages and disadvantages of each. Learn how to resolve issues that arise during life and at death with nonprobate transfers.

Discussion Highlights include:

• • The role of nonprobate transfers in planning
  • Revocable and irrevocable trusts
  • Jointly held property and tenancy by the entirety
  • Beneficiary designations on insurance policies
  • Beneficiary designations on retirement plans and the impact of the Secure Act on them
  • Pay on death provisions for bank and investment accounts and real estate
  • Problems that arise from the use of nonprobate transfers and how to address them
  • Creditors and nonprobate transfers

Portland Trust Company is pleased to offer Continuing Education opportunities featuring tenured professionals from the American Bankers Association Trust Schools.

Thomas W. Abendroth, Partner, Schiff Hardin LLP

Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP

Attend this live webinar or view the recording and learn about ​how to avoid common pitfalls associated with confidentiality and attorney-client privilege with trust. Join our panelists in a discussion about the different positions taken by states and courts on who is the client when a lawyer represents a trust. The panelists will review the duties a lawyer owes to beneficiaries when they are not considered clients.

Discussion Highlights include:

• • Who is the client in particular situations?
  • State law differences in whether the trustee or the beneficiary is a client
  • What duties does a lawyer owe to the beneficiaries of a trust?
  • The “fiduciary exception” and entitlement of beneficiary to information from the lawyer for a trust
  • Discussion of recent cases in this area

Portland Trust Company is pleased to offer Continuing Education opportunities featuring tenured professionals from the American Bankers Association Trust Schools.

Thomas W. Abendroth, Partner, Schiff Hardin LLP

Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP

View this webinar to learn about the different types of nonprobate transfers and the advantages and disadvantages of each. Learn how to resolve issues that arise during life and at death with nonprobate transfers.

Discussion Highlights include:

• • The role of nonprobate transfers in planning
  • Revocable and irrevocable trusts
  • Jointly held property and tenancy by the entirety
  • Beneficiary designations on insurance policies
  • Beneficiary designations on retirement plans and the impact of the Secure Act on them
  • Pay on death provisions for bank and investment accounts and real estate
  • Problems that arise from the use of nonprobate transfers and how to address them
  • Creditors and nonprobate transfers

Portland Trust Company is pleased to offer Continuing Education opportunities featuring tenured professionals from the American Bankers Association Trust Schools.

Thomas W. Abendroth, Partner, Schiff Hardin LLP

Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP