Continued Flexing toward Flexibility: Is Settlor Intent Irrelevant?

Continued Flexing toward Flexibility: Is Settlor Intent Irrelevant?

Continued Flexing toward Flexibility: Is Settlor Intent Irrelevant?

June 4, 2020 • 12:45pm-2:30pm • Two City Center, 3rd Floor Portland

With the ever-increasing acceptance of the use of non-judicial settlement agreements, the enactment of decanting statues in many states, and court relaxing of standards for reformation, the irrevocable trust does not mean what it used to. Given the many ways to alter trust terms, what is the role of settlor intent under modern law? Discussion highlights include:

  • Review of non-judicial settlement agreement and decanting laws under state law
  • How the state laws reconcile their provisions with the concept that settlor intent is paramount.
  • Potential dangers in ignoring settlor intent
  • What concerned clients can do

 

Portland Trust Company is pleased to offer Continuing Education opportunities featuring tenured professionals from the American Bankers Association Trust Schools.

 

Speakers: 

Thomas W. Abendroth, Partner Schiff Hardin LLP

Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP

“Continued Flexing toward Flexibility: Is Settlor Intent Irrelevant” is approved for:

  • 2.0 CTFA Credits
  • 1.50 CPEs for CPAs (Business Law) Credits
  • 1.5 CLE Maine Credits

RSVP amelia.kurtz@portlandtrust.com or 558-6222