CLE on Irrevocable But not Irredeemable: How to Fix or Modify a Trust
The American Law Institute is holding a webcast entitled, Irrevocable But not Irredeemable: How to Fix or Modify a Trust, on Wednesday, December 5, 2018 at 12:00 p.m. to 1:00 p.m. Eastern. Provided below is a description of the event:
Why You Should Attend
Your client undoubtedly had excellent reasons for creating an irrevocable trust in the first place. He may have created an irrevocable trust to protect his own assets from the hands of creditors. He may have created an irrevocable trust to provide funding for his children without giving them direct access to those funds. He may have created an irrevocable trust for transfer tax planning purposes. But as time passes, the terms of that trust may no longer suit the needs of your client or the trust beneficiaries. Fortunately, their irrevocable trust can likely be modified and brought up-to-date to suit their current needs. This practical one-hour audio program will give you the tools to determine when an irrevocable trust can and should be modified, and teach you about various methods to modify the trust.
What You Will Learn
Topics to be covered include:
Determining when a trustee should modify an irrevocable trust;
Understanding the techniques to modify the trust; and
Drafting irrevocable trusts in light of a possible modification in the future
This program was originally presented on July 25, 2018. Faculty questions will be answered by email within two business days. Need this information now? Purchase the on-demand course here. Questions submitted on-demand will be answered within two business days.
Who Should Attend
Estate planning attorneys who are drafting and advising on irrevocable trusts.
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