Why attend?

The law of trusts is undergoing far-reaching and significant changes. Some of these developments are now the law in Massachusetts, such as the new Massachusetts Uniform Probate Code, the Massachusetts Uniform Principal and Income Act, and the Massachusetts Prudent Investor Act. Others are in the form of proposed legislation such as the Uniform Trust Code. The American Law Institute is in the process of completely revising the Restatement of Trusts and has completed the topics pertaining to the reformation and modification of trusts. Further, courts in Massachusetts have been willing to reform trusts to achieve the settlor's objectives, especially tax objectives. The IRS has issued proposed regulations to align the taxation of distributions with changes in trust law affecting principal and income reformations and modification of trusts. These developments affect the administration of trusts. Trustees, and those advising trustees, must know what these developments are and how they impact trust administration. This program discusses these developments and highlights those issues important to trustees.

You will learn...

Agenda and written materials