Problem Irrevocable Trusts
BREAKFAST MEETING
THURSDAY, OCTOBER 6, 2016
(Breakfast served 7:30-8:00 a.m.; Program 8:00-9:00 a.m.)
NORTHWOOD CLUB
6524 Alpha Road, Dallas, Texas
RESERVATION DEADLINE: THURSDAY, SEPTEMBER 29 (5:00 P.M.)
(PAYMENT MUST BE IN COUNCIL’S OFFICE)
MICHAEL GORDON
PROBLEM IRREVOCABLE TRUSTS: IF IT IS BROKEN, THEN DO FIX IT
Sponsored by Dallas Jewish Community Foundation
As a result of the passage of time and changed circumstances, trustees and beneficiaries of an irrevocable trust can become frustrated by constraints imposed under the trust instrument or applicable state law. This presentation will explore the various tools available to practitioners to amend an otherwise irrevocable trust agreement to better fulfill the objectives of the grantor, to improve the administration of the trust and to maximize the value of the trust to the beneficiaries. Among the tools to be discussed will be judicial modification and reformation actions, mergers, divisions, non-judicial settlement agreements, administrative situs changes, and decantings. MICHAEL M. GORDON is a Director at the Wilmington law firm of Gordon, Fournaris & Mammarella, P.A. He is a graduate of Fairfield University and the Catholic University of America, Columbus School of Law. He received his Masters of Law in Taxation from Villanova University School of Law. He is a Fellow of the American College of Trust and Estate Counsel. Michael is also a member of the American Bar Association where he serves as a Group Vice-Chair of the Non-Tax Estate Planning Considerations Group of the Section of Real Property, Trust & Estate Law. Michael’s practice focuses on the unique aspects of Delaware trust law, including directed trusts, dynasty trusts, asset protection trusts and all aspects of the validity, construction and administration of Delaware trusts. Michael routinely works with clients across the country to transfer the situs of trusts to Delaware and to modify trusts to take advantage of Delaware’s favorable trust law.
There is continuing ed credit pending for this presentation. The program handouts are paperless. The handout will be available to download on the website (Document Library) a few days prior to each meeting. YOU may print the handout if you prefer to have a handout at the meeting.
Note: Paid membership dues do not include meals. To register for the meeting, complete the form below, enclose a check (payable to Dallas Estate Planning Council) for the respective amount (indicated below) and mail to: Dallas Estate Planning Council, P.O. Box 38553, Dallas, TX 75238-8553. You may register online with a credit card payment on the website: scroll down to the bottom of the page and register. If you need a receipt, print out the confirmation page.
PREPAID MEALS: Members who have already paid in advance for all meetings for the year MUST register so we will have a count for the number of meals to prepare. PREPAID MEMBERS MUST REGISTER ON THE WEBSITE, scroll down to the bottom of the page and register.
THERE WILL BE 10 MEALS AVAILABLE FOR WALK-INS ON DAY OF MEETING (FIRST COME, FIRST SERVE). ALL OTHER WALK-INS WILL BE “PROGRAM ONLY”. CREDIT CARDS ARE NOT ACCEPTED AT THE DOOR, CASH OR CHECK ONLY.
Member: $37 (includes meal and program); Guest: $60 (includes meal and program);*Member-Program Only: $25 (*ONLY MEMBERS may choose “program only” for $25); $20** (Emerging Professionals Only – First Meeting –Includes meal) **Emerging Professionals: You have never been a DEPC member and either (a) you are 40 years old or younger or( b) your current primary discipline is supported by DEPC and that profession has been your primary professional discipline for LESS than 10 years.
Name: ________________________________________
___$37 (Member - includes meal)
___$60 (Guest - includes meal)
___$25 (Member-Program Only)
___$20** (Emerging Professionals Only – First Meeting –Includes meal) **Emerging Professionals: You have NEVER been a DEPC member AND (a) you are 40 years old or younger OR (b) your current primary discipline is supported by DEPC and that profession has been your primary professional discipline for LESS than 10 years.
E-mail: ________________________________________ Phone No: _____________________________________
WE WOULD LIKE TO THANK OUR MEETING SPONSORS: BB&T WEALTH, BESSEMER TRUST, CARTER FINANCIAL MANAGEMENT, COMMUNITIES FOUNDATION OF TEXAS, DALLAS JEWISH COMMUNITY FOUNDATION, DALLAS WOMEN’S FOUNDATION, JACKSON, WALKER, PARKLAND FOUNDATION, QUEST CAPITAL MANAGEMENT, SOUTHWESTERN MEDICAL FOUNDATION, THE CATHOLIC FOUNDATION AND TOLLESON WEALTH MANAGEMENT. .IN ADDITION, WE WOULD LIKE TO RECOGNIZE THE PATRONS: BISIGNANO HARRISON & NEUHOFF, FMV OPINIONS, INC., HERITAGE AUCTIONS, GLAST, PHILLIPS & MURRAY, GOLDIN, PEISER & PEISER, MCKINNON PATTEN & ASSOCIATES AND RUSSELL TETHER FINE ARTS.
