Tuesday, July 15, 2014
The American Law Institute Continuing Legal Education (ALI CLE) is holding a CLE entitled, The Silent Trust: Using State Statutes to Delay Notification of a Trust, on July 30, 2014 from 1:00 – 2:00 PM Eastern, available via telephone seminar or audio webcast. Here is 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.