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| cle homepage > the massachusetts principal and income act: clarification and further questions, two years hence | |
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The Massachusetts Principal and Income Act: Clarification and Further Questions, Two Years Hence Tuesday, October 23, 2007 On November 10, 2007, it will have been two years since then Acting Governor Kerry Healey followed the example of a number of other States and signed The Massachusetts Principal and Income Act into law. The Act provided much needed clarification regarding how to account for principal and income in trusts and estates governed by Massachusetts law. At the same time, a number of questions have arisen regarding how certain aspects of the law actually work. Lawyers drafting and administering trusts under Massachusetts law have now had a little less than two years to get to know the Act. This seminar, sponsored by the Trusts and Estates Section of the Boston Bar Association, is designed to take inventory of the Act: What are some of the salient provisions of the Act and how do those provisions work? What questions were posed shortly after the Act’s enactment that have since been answered? What questions remain outstanding? What is the practical guidance from practitioners in the field regarding how to draft and administer trusts in light of the Act? Expert panelists will discuss these questions and more as they take a look back on the past two years.
Panelists Peter R. Brown, Esq. George L. Cushing, Esq. Amy B. Naughton, Esq.
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