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MCLE ProgramAlert
PROGRAM ALERT
How to Terminate a Trust
Learn about the many ways and reasons to terminate a trust, the rights of the vested beneficiaries and safeguards for trustees.

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.
 
Agenda
  • Overview of M.G.L. c. 203E § 410—Modification or Termination of Trust; Proceedings for Approval or Disapproval and Forms
  • Overview of M.G.L. c. 203E § 411—Modification or Termination of Non-Charitable Irrevocable Trust by Consent (Non-Judicial Settlement Agreements)
  • Overview of M.G.L. c. 203E § 414—Modification or Termination of Uneconomic Trust
  • Overview of M.G.L. c. 203E § 813—Duty to Inform and Report
  • Explanation of Procedure for Petitioning for an Account and Forms
  • Safeguards and Liabilities of Trustees Under M.G.L. c. 203E Article 10, Including Remedies for Breach, Limitations on Actions, and Beneficiaries’ Consent, Release, or Ratification
 
Speakers
 
Karen B. Johnson, Esq. Karen B. Johnson, Esq., is the owner of Madge & Johnson, P.C., a small firm dedicated to serving the interests of the elderly and disabled, located in Westford Massachusetts. Attorney Johnson has over twenty years experience in estate planning and probate law and has represented clients before the MassHealth Agency. She received her Juris Doctorate from Duke University School of Law in 1991 and her LLM in taxation from Boston University School of Law in 2000. Currently she is extensively involved with the Massachusetts Chapter of the National Academy of Elder Law Attorneys serving as both a contributing member and its President in 2018. Attorney Johnson has lectured on topics related to estate planning and probate, including planning for VA benefits, planning for disability, tax planning for the elderly or disabled client, and probating Massachusetts estates under the Massachusetts Uniform Probate Code.
 
T. Michael Sullivan, Esq. T. Michael Sullivan, Esq. is a Partner at AndoverLaw, P.C., a boutique law firm in Andover, Massachusetts. He focuses his practice on Estate and Trust Administration, Estate Planning and Elder Law; serving clients in Essex and Middlesex County and throughout the Commonwealth of Massachusetts and Southern New Hampshire. Atty. Sullivan is a graduate of the University of New Hampshire and New England School of Law. Michael is a member of the Board of Directors for the Lawrence Bar Association, Past-President of the Merrimack Valley Estate Planning Council, member of the National Academy of Elder Law Attorneys (NAELA), the Essex County Bar Association, and Vice President of the Board of Directors for the German Home, a home for individuals with mental health challenges in Lawrence, Massachusetts.
 
Materials
The materials for this program are available online only and can be downloaded via the link emailed to you upon registration.
Also, there is no need to take extensive notes. Two weeks after the live seminar, all registrants will receive a link to a verbatim transcript of this program.
 
Dates Earn up to 1 CLE credit.

Live WebcastLIVE WEBCAST »
Monday, June 22, 2020
12:00 noon–1:00 pm

Live WebcastRECORDED WEBCAST »
Monday, July 6, 2020
12:00 noon–1:00 pm
 
 
Tuition (includes written materials)
$125
$112.50 MCLE Sponsor Members
$93.75 New Lawyers admitted to law practice after 2017,
Pending Admittees, Law Students, and Paralegals
 
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