Purchase these materials to understand the
many ways that state laws vary with regard to trust administration and
state income taxation of trusts.
With regard to trusts being drafted today, the selection of trust situs will
have a substantial impact on trust administration given that state laws vary
considerably. For clients with significant wealth, the topic of trust situs must
be reviewed and discussed to account for state law-related contingencies.
Post-drafting considerations will also be addressed. Many states permit a
trustee to transfer an existing trust’s principal place of administration. Join
us to learn when transfer should be considered, the mechanics of how this is
done and what one can expect to be accomplished. The materials will also examine
whether a trustee is under a duty to transfer the trust’s principal place of
administration if there are benefits to making a transfer.
These materials primarily focus on the trust laws of Massachusetts,
Delaware and New Hampshire with regard to trust situs.
I. Examination of State Law Relative to:
b. Limitation of information to be
provided to beneficiaries,
c. Protection for self-settled
d. Decanting of an existing trust to a
e. Protection for trustees of directed trusts
f. Income tax
II. Examining issues related to transfer of situs:
When should a trustee of an existing trust consider transferring
How is the transfer of situs best accomplished?
of a Trustee relative to transfer.
Jocelyn M. Borowsky, Esq.
Dennis R. Delaney, Esq.
Hemenway & Barnes
Joseph L. Bierwirth, Esq.
Hemenway and Barnes
Eric P. Hayes
Goodwin Procter LLP
Eric P. Hayes