Designing Discretionary Distribution Standards to Protect the Settlor, the Beneficiary and the Trustee
Live webinar 1:00 - 2:30 pm (ET)
The wording of a discretionary distribution standard can have significant consequences, positive and negative, for the settlor, the beneficiaries, and the trustee. Discretionary language must be carefully tailored to meet a client’s objectives, and this requires a thorough understanding of the legal principles that govern the interpretation of a discretionary standard.
- Recognize the effect of savings clauses.
- Analyze enforceability of standard by beneficiaries and creditors.
- Explain with more clarity and understand how language is interpreted.
- Design appropriate private trustee removal provisions to preserve flexibility.
Call 866-352-9539 or www.lorman.com/ID393311
Live Webinar ID: 393311
1:00 pm - 2:30 pm ET
Ask about continuing education credit.
Can't Attend? CD & Manual package available online.