This cutting edge program will address the many issues that may arise in drafting and administering trusts under the new MUPC and MUTC. Specifically, the panel of experienced practitioners will discuss salient provisions in the new laws, explain the implications for practitioners and trustees, and explore aspects of the law that remain unclear or may cause traps for the unwary.
The program will have a practical focus, giving attorneys insights into ways they may use the new statutes to their clients advantage, or suggestions for how attorneys may change their estate planning forms to address aspects of the recent legislation that may not be in keeping with their clients wishes.
Agenda
I. Introduction to important provisions of the MUTC
II. Issue spotting with the MUPC & MUTC: Designed to help practitioners know how to draft and administer trusts in light of the new statutes.
Specific topics and FAQ to be covered:
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When and under what circumstances are personal representatives utilizing informal versus formal probate proceedings?
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The MUTC provides that the trustee shall keep the qualified beneficiaries of the trust reasonably informed about the administration of the trust. Who ought to be included in the definition of the qualified beneficiary? What information will the trustee provide to beneficiaries regarding the administration of the trust, and to whom? Assuming practitioners can modify this duty to inform through skillful drafting, does there remain under the Massachusetts common law an affirmative duty to account to the beneficiaries and if so, to whom and how?
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When and under what circumstances may the court remove a trustee?
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When and under what circumstances may the beneficiaries of the trust modify the terms of the trust?
(Please note that this program is not available for CLE credit.)
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.
