Product Description

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 & Materials

• 9:30 - 9:40 am

  Non-Judicial Options for Terminating a Trust

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  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

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  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

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  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

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  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

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  Karen B. Johnson, Esq., Madge & Johnson, PC , Westford
  
• 10:18 -10:24 am

  Procedure - Petition to Terminate

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  Karen B. Johnson, Esq., Madge & Johnson, PC , Westford
  
• 9:40 - 9:50 am

  Protecting the Trustee from Future Liability

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  • 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

MCLE on demand programs are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only through a link included on the on demand program page.

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