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Trust Administration in Arizona - Webinar

  • ID: 3765206
  • Webinar
  • Region: Arizona
  • 90 Minutes
  • Lorman Business Center, Inc.
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Understand how the adoption and provisions of the Uniform Trust Code (UTC) affect trust administration in Arizona.

This topic will deal with all of the common difficulties that a trustee and counsel will face and the solutions to those difficulties. You will learn how to properly transfer titles of assets to a trust, how to deal with assets that cannot or should not be transferred to a trust and how to correct mistakes that were never properly transferred to the trust. You will learn the procedures to pay trust creditors, and how to establish the valuation of assets, particularly of hard-to-value assets. There are many techniques to ascertain ambiguities in a trust’s language that will be explored. Understand the unique nature of a trustee’s duties and the undertaking of proactive measures to minimize trustee liabilities. This will include the preparation of trust reports and accountings.

Learning Objectives
  • You will be able to describe preparing accountings and trustee reports.
  • You will be able to identify the benefits of DNI - distributable net income - when and how to do it.
  • You will be able to recognize establishing defensible valuations of trust assets.
  • You will be able to discuss funding the trust.
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Funding the Trust

Allocation Among Subtrusts -- Pecuniary vs. Fractional Formulas

In-Kind Distributions to Beneficiaries

The Benefits of DNI- Distributable Net Income - When and How to Do It

Establishing Defensible Valuations of Trust Assets

Trustee's Duties as a Fiduciary and Liability Dangers

How and When to Seek Court Involvement

Dealing With Difficult Beneficiaries

Preparing Accountings and Trustee Reports
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Thomas J. Murphy, Murphy Law Firm
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This webinar is designed for attorneys, accountants, CPAs, trust administrators, trust officers, bankers, financial planners, presidents, vice presidents, CFOs, controllers, tax managers and insurance professionals.
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