“Decanting: “Revoking” an Irrevocable Trust?”

When
01/21/2016
8:30 AM - 11:00 AM
Location
Lantana, 43 Scanlon Drive, Randolph, MA 02368
Spaces left
17
Registered
58 registrants

Registration

Guest of a NPEPC member – $25.00
Mass Bar Assoc or MassNAELA Guest – $25.00
Members – $35.00
Member's Complimentary Event (Not transferable)
If you have renewed your membership by October 1st as a member of the NPEPC you will have the opportunity to attend one complimentary event this year (Sorry our Annual Meeting is not included in this promotion
Non Members – $55.00
Sponsor – $1,000.00

Registration is closed

Our speakers:

Andrew D. Rothstein, Private Client and Trust Lawyer at Goulston & Storrs

Mark J. Anderson, Vice President and Senior Wealth Strategist, Wilmington Trust

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Trust decanting – the act of distributing trust assets from an old trust to a new trust with different terms – has recently gained attention as a means for trustees to address changed or unforeseen circumstances that arise in the course of trust administration. This presentation will:

review Morse v. Kraft – the Massachusetts Supreme Judicial Court case addressing a situation where the Court found that the trustee’s authority to distribute trust assets included the authority to distribute (or “decant”) the trust assets to a new trust with different terms;
consider the types of trusts that might permit the trustees to decant;
discuss the fiduciary, tax, and procedural considerations involved in the decision to decant a trust; and
consider other available methods to address changed or unforeseen circumstances that arise in the course of trust administration.

Norfolk & Plymouth Business and Estate Planning Council

617.285.2845

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The Norfolk & Plymouth Estate and Business Planning Council is a 501(c)6 non-profit organization