David F. Johnson, lead writer for the Texas Fiduciary Litigator blog, discusses in this two part series many of the interesting and complex issues that arise from trustees making trust distributions to beneficiaries. The first part in this two part series will address the various standards in trusts for distributions (mandatory standards, complete discretion standards, unascertainable standards and ascertainable standards), tax issues involved in selecting a standard, and the meaning of health, education, maintenance, and support.
Continuing Education Credit Information:
This course has been approved by the State Bar of Texas Committee on MCLE in the amount of 1 credit hour. This course has also been approved for 1.25 CTFA credit by the American Bankers Association.
Who should attend:
In-house counsel and other litigation contacts, trust officers, risk management contacts, and wealth advisors