CLE on Dealing with Trust Beneficiaries

The Cannon Financial Institute is sponsoring a teleconference on April 24, 2007 entitled Important Lessons For Trustees – How And Why To Say Yes Or No To A Beneficiary.  Here is a description of the program:

As every trust administrator knows, there are times when beneficiary requests can be granted, times when they must be denied, and times when they should be granted but only in part.  The basis for responding to a beneficiary’s request is mostly a function of the language in the trust document (including language setting forth standards for distributions and the extent of the trustee’s discretion) or the requirements of local law.  In this program, Roy [Adams] and Clary [Redd] will discuss:

• The meaning of the words “health, support, education and maintenance.”
• The effect of granting absolute discretion.
• The non-legal side of making distributions.
• Minimizing beneficiaries’ negligence claims.
• Certain trustee and beneficiary rights are fixed.