LAW7874 - Fiduciary Administration with Tax

LAW7874 - Fiduciary Administration with Tax

Course Number: 

7874

Type: 

Seminar

Credits: 

2

Prerequisite(s):

none

This seminar is an in-depth study of the duties of trust fiduciaries (individual and corporate), including the duties to invest prudently, account properly, keep beneficiaries informed and make adequate disclosures. The course looks at the significance of exoneration clauses, the use of discretionary powers, and the importance of the Uniform Principle and Income Act. Finally, the course reviews the rights of beneficiaries, the tax consequences that need be considered in structuring a distribution, and, if necessary, the litigation strategies to be employed.