Nuts and Bolts of Trust Terminations
July 23, 2024
1:00-2:30 PM EST
Location:
Oppenheimer & Co. Inc.
666 3rd Avenue, 13th Floor
New York, NY 10017
The idea of bringing trust administration to a conclusion may seem to the Trustee like a relief – and, in many respects, it is. However, terminating a trust isn’t nearly as simple as merely distributing its assets (and even that may not be so simple) and walking away. Numerous details must be successfully navigated along the way, and, if they aren’t, unhappy benefi ciaries will ensure sleepless nights for the Trustee. In this presentation, we’ll delve into the following:
- Identifying and locating named or designated remainder benefi ciaries
- Properly allocating assets among and distributing them to the remainder benefi ciaries
- Income tax and generation-skipping transfer tax returns
- Statutes of limitation on actions by benefi ciaries and IRS against Trustee
- Propriety of seeking releases from benefi ciaries
To ensure you enjoy lunch and a seat we recommend you arrive by 12:30 PM
