Why You Should Attend
Do you have a client concerned about who is the beneficiary of a trust? Most state laws impose a requirement on trustees to keep current beneficiaries of a trust reasonably apprised of their beneficial interests. This can be concerning to many grantors, particularly with respect to younger beneficiaries. Grantors fear that a beneficiary’s knowledge of the wealth in the trust can result in a disincentive for the beneficiary to achieve his/her own success.
The creation of the “silent trust” changes this dynamic by eliminating a trustee’s duty to inform beneficiaries of the existence of a trust for a period of time. Join us at this all-new CLE program on silent trusts for a practical, in-depth examination of silent trusts and their special considerations.
What You Will Learn
Faculty discussion includes:
how silent trusts may be used to restrict information to trust beneficiaries
trustee disclosure requirements imposed by state statutes
which states permit the use of silent trusts
concerns for trustees in administering silent trusts
Who Should Attend
This continuing legal education program from American Law Institute CLE is designed for trust and estate attorneys, as well as other estate planning professionals.
Michael M. Gordon, Gordon, Fournaris & Mammarella, P.A., Wilmington, Delaware
David A. Diamond, Senior Vice President, Northern Trust Company, Wilmington, Delaware
Daniel F. Hayward, Gordon, Fournaris & Mammarella, P.A., Wilmington, Delaware
All times are eastern
1:00 p.m. The Silent Trust: Using State Statutes to Delay Notification of a Trust
2:00 p.m. Adjournment
Total 60-minute hours of instruction: 1.0; Total 50-minute hours of instructions: 1.2.
Level of Instruction: Advanced
Eastern 1:00 pm – 2:00 pm
Central 12:00 pm – 1:00 pm
Mountain 11:00 am – 12:00 pm
Pacific & Arizona 10:00 am – 11:00 am
Alaska 9:00 am – 10:00 am
Hawaii 7:00 am – 8:00 am