Discretionary Trust Distributions: Minimizing Income Tax, Analyzing the Trust Document, Meeting Fiduciary Obligations
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will assist trust advisers in determining when discretionary distributions can and should be made. Our panel of trust and estate veterans will discuss analyzing the trust document, determining income tax consequences, and the trustee's considerations before making discretionary distributions.
- Types of trusts
- Types of distributions
- Fiduciary standards
- Income tax consequences
- Section 663(b) 65-day election
- Caveats and considerations
The panel will review these and other key issues:
- Minimizing income taxes paid by trusts and beneficiaries
- Interpreting trust distribution clauses
- Electing to include after-year distributions in the current year under Section 663(b)
- What distributions qualify as HEMS distributions?
- Non-tax considerations before making discretionary distributions
Griffin H. Bridgers
Hutchins & Associates
Mr. Bridgers' practice encompasses all areas of private wealth and family business. In addition to estate... | Read More
Mr. Bridgers' practice encompasses all areas of private wealth and family business. In addition to estate planning and estate administration, he is experienced in mergers and acquisitions, taxation, business transactions, franchising, commercial contracts, asset protection, executive compensation, employee benefits, qualified and non-qualified retirement plans, and nonprofit organizations. He counsels closely-held and family businesses, and nonprofit organizations, with their planning, succession, and liquidity needs in a variety of industries including tech, restaurant and retail, healthcare, manufacturing, construction, real estate, financial services, consulting, and professional staffing.Close
Frank N. Ikard, Jr.
Mr. Ikard’s practice is dedicated entirely to fiduciary litigation and trust administration matters. He has been... | Read More
Mr. Ikard’s practice is dedicated entirely to fiduciary litigation and trust administration matters. He has been involved in some of the largest and most complex trust lawsuits brought in the State of Texas. Mr. Ikard has extensive experience in both suing and defending trustees, executors and guardians. While he specializes in all forms of fiduciary litigation, he has been involved in more trust litigation matters than any other attorney in Texas.Close