If you've ever represented a client during a trust administration, chances are you've encountered trust provisions that make the administration difficult, result in unfortunate income or estate tax consequences, or that are ambiguous. Petitioning a court to modify a trust can be time consuming and expensive. As an alternative, most states allow nonjudicial settlement agreements to be used to resolve uncertainty regarding irrevocable trust administration.
In this webinar we will explore the types of issues that can be resolved with nonjudicial settlement agreements and those that cannot. We will also discuss the structure for these types of agreements, who must sign, and related representation statutes. In addition to reviewing Section 111 of the Uniform Trust Code on nonjudicial settlement agreements, we will also review a sampling of some states' trust code provisions regarding the same.
Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0 credit
Field of Study: Taxation
Prerequisites: JD
Advance Preparation: None
Review Date: 4/09/2020
1.0 CLE (California Board of Legal Specialization - Estate Planning)
1.0 CFP credit pending (National CFP Board)
In order to be awarded the full credit hours, you must be present during the entire webinar.
For information on refunds, concerns, and program cancellation policies, please contact our offices at 888-659-4069, ext 818 or education@wealthcounsel.com.
WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor ID 108255.
We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. Texas State Board Sponsor ID 9610.
This webinar is included for Trusts & Estates and Practice Development Subscribers and provided live complimentary for Business Law Subscribers
Regular Price: $139 | Trusts & Estates Price: $0 | Gun Law Price: $139 | Business Law Price: $0 (Website access not included) | Practice Development Price: $0