February 6, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours
One of the most common problems in estate planning is creating a trust that goes unfunded. This may happen through a failure to adequately plan a funding mechanism, a misdirection or misuse of funds, shifting circumstances in a family or a failure of communication. If a trust goes unfunded, it may dramatically scuttle the expectations of the trust’s settlor and cause a substantial loss of any tax benefits. There may also be adverse fiduciary consequences for the trustee. This program will provide you a practical discussion of circumstances giving rise to unfunded trusts, practical techniques for recovering misdirected funds and otherwise funding trusts, and limiting the possibility of adverse practical, tax and fiduciary consequences.
William Kalish, Akerman Senterfitt, LLP, Florida