LIVE REPLAY: Fixing Trusts: Techniques to Alter a Trust When Circumstances Have Changed
April 2014
LIVE REPLAY: Fixing Trusts: Techniques to Alter a Trust When Circumstances Have Changed
Convenient, timely, reliable, and affordable...
Teleseminars are midday continuing legal education conferences broadcast over the telephone. From the convenience of your office or home, you are able to dial into an 800 number, and hear nationally recognized practice leaders speak on important issues in the law. You are also able to ask them your questions. Teleseminars marry the best of technology and education to bring the world of CLE to your office or home.
How to Register
There are 2 easy ways to register:
1. CALL us! (303) 860-0608, or toll free (888) 860-2531
2. Or REGISTER ONLINE NOW by using the corresponding course links above.
Program Description:
Trusts are meant to endure, but shifting circumstances can take a substantial toll on their assets, their tax and legal status, their ability to make distributions or even survive. The law may change in ways that adversely impact a trust. Beneficiaries may develop intractable conflicts that jeopardize the trust's stability. Assets may underperform and the cost of administering a trust may make it uneconomical. In certain instances, too, trusts may just no longer have a purpose. In these and other circumstances, trustees, beneficiaries and their advisers struggle to find ways to reform or recast trusts to make them viable again or to dissolve them and distribute their assets. This program will provide you with a practical guide to the circumstances giving rise to trust reformation and practical techniques for fixing broken trusts.
- Effective techniques for reforming or fixing trusts
- Circumstances giving rise to trust reformation - asset underperformance, beneficiaries conflicts, changes in law, trusts that no longer have purpose
- Principal and income adjustment powers under the UPIA
- Conversions of trusts from one type to another
- Use of decanting to distribute trust assets of broken trusts
- Agreement of parties or court order
- Special tax considerations and pitfalls
Faculty:
Benjamin S. Candland is an attorney in the Richmond, Virginia office of McGuireWoods, LLP, where his practice focuses on estate planning, administration, estate and gift taxation, and litigation. He provides individual clients with advice on various estate planning matters involving estate, gift, and generation-skipping transfer taxes. He is a member of the ABA Real Property and Probate Section and the Virginia Bar Association Trusts and Estate Section. Mr. Candland received his B.A. from Brigham Young University and his J.D. from the College of William and Mary School of Law.
Registration Fees
| Non Member | $109.00 |
| CBA | $89.00 |
- General Credits: 1.00
- Ethics Credits: 0.00
- EDI Credits:
To join the CBA or add a Section to your membership click