The Massachusetts Uniform Trust Code (MUTC) has been enacted. This is the first time in the long history of Massachusetts trust law that it has been codified. While the MUTC codifies much of the existing Massachusetts law of trusts, there are changes. Further, Article VII of the Massachusetts Uniform Probate Code, upon enactment of the MUTC, has been repealed and almost all of its provisions are incorporated in the MUTC. Massachusetts joins 21 states that have adopted the Uniform Trust Code. Knowledge of the MUTC will be critical for those who advise trustees, for professional trustees, and estate planners. This program provides an in-depth review of the MUTC and the panel are all members of the ad hoc committee that revised the Uniform Trust Code, which is the foundation of the MUTC.
Learn what has changed and what remains the same.
The program covers:
General provisions and definitions
Non judicial settlement agreements and ability to modify the terms of the trust or terminate the trust
Judicial proceedings
Virtual representation
Creditor's claims and spendthrift provision
Actions by trustees and resignation, removal, and appointment of trustees
Provisions regarding revocable trusts
Duties and powers of trustee
Duty to inform and notify beneficiaries
Statute of limitations
Exculpatory provisions
Agenda:
9:00 9:05 General Introduction
9:05 9:25 Introduction to MUTC and Article 1 Definitions and General Provisions
Eric P. Hayes, Esq., Chair
9:25 - 9:50 Article 2 Judicial Proceedings and Article 3 Representation including discussion of Section 111 Non Judicial Settlement Agreements
Mary H. Schmidt, Esq.
Raymond H. Young, Esq.
9:50 10:30 Article 4 Creation, Validity, Modification and Termination of Trusts
Marc J. Bloostein, Esq.
10:30 10:45 Break
10:45 11:10 Article 6 Revocable Trusts and Article 7 Office of Trustee
11:10 12:10 Article 8 Duties and Powers of Trustees
Thomas E. Bator, Esq.
Sections 801-813
Mary H. Schmidt, Esq.
Raymond H. Young, Esq.
Sections 814-817
Marc J. Bloostein, Esq.
12:10 12:35 Article 10 Liability of Trustees and Rights of Persons Dealing with Trustees
Section 1001 and 1005
Eric P. Hayes, Esq.
Sections 1008, 1009 and 1013
Thomas E. Bator, Esq.
12:40 1:00 Questions
THIS PROGRAM IS NOT AVAILABLE FOR CLE CREDIT.
Faculty
Eric P. Hayes, Esq., Chair, Goodwin Procter LLP, Boston
Thomas E. Bator, Esq., Pratt, Bator & Popov LLP, Boston
Marc J. Bloostein, Esq., Ropes & Gray LLP, Boston
Mary H. Schmidt, Esq., Schmidt & Federico, PC, Boston
Raymond H. Young, Esq., Young & Bayle, Boston
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