Directed Trusts
Structuring Trusts, Bifurcating Functions and Converting Existing Trusts Into Directed Trusts
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will prepare estate planning counsel to identify opportunities for directed trusts from the perspective of the estate planning attorney and trustee. The panel will outline ways to structure and craft directed trusts, bifurcate functions and convert an existing trust to a directed trust.
Outline
- Directed trusts
- Overview
- Strategies
- Directed trust statutes and the Uniform Trust Code
- Drafting considerations
- Bifurcating directed functions
- Direction letters
- Directed trusts from the trustee’s perspective
- Convert an existing trust into a directed trust
- Decanting
- Amendment
- Consent settlement
- Judicial modification
- Moving the trust between jurisdictions
Benefits
The panel will review these and other key questions:
- What are the statutory requirements for structuring directed trusts?
- What are effective planning approaches for using directed trusts?
- What are the best practices for converting an existing trust to a directed trust?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Todd A. Flubacher
Partner
Morris Nichols Arsht & Tunnell
Mr. Flubacher represents individuals in matters involving complex estate planning, asset protection, estate... | Read More
Mr. Flubacher represents individuals in matters involving complex estate planning, asset protection, estate administration, trust and estate litigation and state and federal taxation advice. His practice emphasizes the unique aspects of Delaware trust law, including asset protection trusts, dynasty trusts, and deferred income charitable remainder trusts. He is a published author on decanting issues.
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Richard W. Nenno
Managing Director and Trust Counsel
Wilmington Trust Company
He has over three decades of estate planning experience and is is a Fellow of the American Bar Foundation, a former... | Read More
He has over three decades of estate planning experience and is is a Fellow of the American Bar Foundation, a former Commissioner of the American Bar Association Commission on Mental and Physical Disability Law, a Distinguished Accredited Estate Planner, and a Registered Trust and Estate Practitioner. He is recognized as a national speaker and published authority on estate planning issues.
CloseDavid A. Diamond
Esq.
Gordon Fournaris & Mammarella
He has presented on the Delaware Advantages at continuing education classes and meetings across the country. His... | Read More
He has presented on the Delaware Advantages at continuing education classes and meetings across the country. His publications include articles in Trusts & Estates Magazine, the Delaware Bankers Magazine, and Estate & Personal Financial Planning.
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