There are many reasons and ways to terminate a trust. Some terminate by their terms; other trusts are uneconomical and terminate for that reason; some trusts can be terminated by court action or through a non-judicial settlement agreement; and, in certain circumstances, some trusts can decant into another trust.
In all cases an account should be provided to the beneficiaries, but what if there are issues with the accounting? Can claims be brought for breach of fiduciary duty? If no claims are made, do assents from all parties prevent future claims?
This program guides you through the many ways and reasons to terminate a trust, the rights of the vested beneficiaries, and safeguards for trustees.
In all cases an account should be provided to the beneficiaries, but what if there are issues with the accounting? Can claims be brought for breach of fiduciary duty? If no claims are made, do assents from all parties prevent future claims?
This program guides you through the many ways and reasons to terminate a trust, the rights of the vested beneficiaries, and safeguards for trustees.
Course Content
9:30 - 9:40 amNon-Judicial Options for Terminating a Trust
Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
9:50 - 10:06 am
Petition to Revoke Non-Charitable Trust M.G.L. c. 203E Sec. 411
Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
10:06 - 10:12 am
Terminating a Trust: Unanticipated Circumstances M.G.L. c. 203E Sec. 412
Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
10:12 - 10:18 am
Unecomonic Trust - M.G.L. c. M.G.L c. 203E Sec. 414
Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
10:24 - 10:30 am
Terminating a Trust: Reformation to Correct Mistakes M.G.L. c. 203E Sec. 415
Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
10:18 -10:24 am
Procedure - Petition to Terminate
Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
9:40 - 9:50 am
Barring Claims by Beneficiaries
Final Accountings- 203E, Section 1005
Assents - 203E, Section 1009
Proposed Distribution Plan - 203E Section 817
Barring Claims by Creditors
Beneficiaries
Settlor
Revocable Trust, Additional Issues
Karen B. Johnson, Esq., Madge & Johnson, PC , Westford
Please Note
Webcasts are delivered completely online, underscoring their convenience and appeal.
There are no published print materials. All written materials are available electronically only.
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