Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, August 30, 2018

CLE on Getting Money Out of Trusts: Drafting and Trust Administration Under UFIPA

CLEThe American Law Institute is holding a webcast or telephone seminar entitled, Getting Money Out of Trusts: Drafting and Trust Administration Under UFIPA, on Wednesday, September 26, 2018, at 12:00 – 1:30 p.m. Eastern. Provided below is a description of the event:

Why You Should Attend

You Say Income, I Say Principal I Say Principal, You Say Adjust But We Need Not Call the Whole Thing Off*   The all new Uniform Fiduciary Income and Principal Act (UFIPA) features a more robust power to adjust and a comprehensive unitrust regime that will help trustees in the timeless quest for fairness. It also provides interesting income tax planning opportunities that reward the thoughtful and prepared. Although UFIPA largely retains traditional default rules for determining income and principal, the rules for certain key asset classes, like business assets and retirement benefits, have been rewritten for clarity and comprehensiveness.   Don’t miss your opportunity learn from a sophisticated panel of practitioners at this first nationwide, in-depth discussion of an important new development in the trust and estates world.   (* With many apologies to George and Ira Gershwin…)  

What You Will Learn

A faculty of highly accomplished estate planning practitioners and ACTEC Fellows – all directly involved in drafting UFIPA – will discuss this important new Act and its impact on trust administration, drafting, and planning, including:  

The power to adjust

Unitrust conversions

Drafting for fairness and fiduciary income tax planning

Distributions from business entities

Business interests and IRAs

  All registrants will receive a set of downloadable course materials to accompany the program.  

Who Should Attend

All estate planners will benefit from listening to this audio webcast from ALI CLE and ACTEC.


Conferences & CLE, Current Affairs, Estate Administration, Estate Planning - Generally, Trusts | Permalink


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