On-Demand Video
CC

Pros & Cons of Revocable Trusts (2025 Estate & Elder Law Symposium session)

  • City:
  • Start Date:2025-02-20 05:00:00
  • End Date:
  • Length:
  • Level:Intermediate
  • Topics:Estate Law

$79.00 ProPass

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This program is eligible for 1 hour of CLE credit in 60-minute states. In 50-minute states, this program is eligible for 1.2 hours of CLE credit. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.

Overview

Pros & Cons of Revocable Trusts
Jay Hagerman

This session will cover the essential considerations to discuss with clients when advising clients on whether or not to create a revocable trust. We will discuss the benefits of revocable trusts including privacy, flexibility, probate avoidance, handling of foreign assets, and a more robust rulebook in the event of the Settlor’s disability. We will also discuss the potential weakness of revocable trusts including nonexistent asset protection, risky realty transfer tax consequences, and the similar formalities of estate administration in Pennsylvania.


Recorded in February 2025.

Faculty

Jay R. Hagerman, Esq.

Mr. Hagerman is a partner of the law firm of Abernathy & Hagerman, LLC in Allison Park. The basis of his practice includes transactional law encompassing estate planning, estate/trust administration, elder law, real estate transfers, business startups and governance, contracts, and tax law. Mr. Hagerman received his B.A., Double Major History and Political Science, from Gettysburg College and his J.D. from Duquesne University School of Law.

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