TELESEMINAR: Funding Unfunded Testamentary Trusts in Estate Planning – A National Perspective
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.
- Practical, tax and fiduciary issues in unfunded trusts
- Relationship of bypass trusts and unfunded testamentary trusts
- Mechanisms for recovering misdirected funds or otherwise funding trusts
- Tax and fiduciary issues in unfunded trusts
- Drafting techniques for avoiding unfunded trusts
William Kalish, Akerman Senterfitt, LLP, Florida