In formulating their trust and estate plans, clients often want to set up benchmarks of achievement before distributions or gifts are made. These benchmarks often involve educational attainment – i.e., that a child obtain a college degree by a certain. But they may involve more difficult to measure benchmarks or life goals that are arguably not appropriate – i.e., that a child marry or have children of their own by a certain age.

Conditional gifts can easily lead to resentments among beneficiaries, questionable enforceability, disputes, and fiduciary litigation.

This program provides a practical guide to conditional gifting using incentive trusts and other mechanisms, and counseling clients about the real limits and risks of conditional gifting.

• Conditional gifting using incentive trusts and other mechanisms
• Establishing objectively measurable conditions for gifts or distributions
• Types of conditions or benchmarks – education, life goals, etc.
• What's enforceable, what's not – counseling clients about limits
• Choosing the right fiduciaries to administer conditional gifts/incentive trusts

DETAILS
Phone/Audio
Friday, December 16, 2022
1:00–2:00 PM

SPEAKERS

• Missia H. Vaselaney, Taft, Stettinius & Hollister LLP, Cleveland, OH

PRODUCED
December 16, 2022

APPROVED CREDIT
North Carolina: 1.00 MCLE Hour

PROGRAM PRICING
See pricing below.