January 2020
Thursday, January 16, 2020
Drafting Distribution Provisions in Trusts
Topics to be covered:
- Risks of discretionary distributions – power of appointment, taxable inclusion, litigation
- Cost/benefit of heavily detailed v. general distribution provisions
- Ascertainable standards – health, education, maintenance, and support (HEMs)
- Drafting sole and absolute discretion, emergencies, best interests, and standard of living
- Role of fiduciary duties in making distribution decisions
- Tax considerations when making distributions
Faculty: Daniel L. Daniels, Wiggin and Dana LLP, Greenwich, CT