Trusts play a major role in the legal world. Attorneys in a variety of practice areas – from family law to estate planning to taxation and more – have a practice that touches on trusts in some way.
This program will offer a fresh perspective on trust administration and document preparation; examples of conflicting provisions and/or unintended consequences will be discussed. The program is ideal for young attorneys looking to learn about trusts, attorneys with experience in other areas of the law who are looking to expand into trusts, and for those seeking a general refresher on trust issues.
The program will be broken up into the following sections:
Basic Trust Administration
Discussion will focus on irrevocable trusts vs. revocable trusts, discretionary distributions; corporate trustees and co-trustees; the Pennsylvania Title 20 Prudent Investor rule; Fiduciary duties and more.
Special Needs Trusts
This section will focus on special needs trusts, and the unique dynamics involved, including public benefits requirements, parental support obligations, cash reimbursement and credit card use and more. Types of special needs trusts (payback, third-party and pooled special needs trusts). Discretionary distribution requirements and prohibitions; ABLE accounts and real estate dynamics will also be examined.
Guardianships and Pennsylvania Title 20 will be examined, including the guardianship of minors and/or incompetent adults. "Guardian of the estate vs. Guardian of the Person" will be examined, along with accounting, distribution requirements and prohibitions.
Oil and Gas Trusts
Learn about mineral management issues, the Pennsylvania Principal and Income Act, and Dormant Oil and Gas Act trusts.
CLE and Events Registration Policy: Members and Non-members can register for ACBA programs online or by paper mail-in registration, up to two days prior to a program start date. Some programs are restricted to ACBA or Section members only. Pre-registration is preferred, however our events are open to walk-ins after online registration closes, unless the event is sold out. If you pre-registered but have not yet paid or are a walk-in, preferred method of payment at the door is check or cash (exact change please).
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