This presentation aims to provide attorneys with insights into the interpretation of trust distribution language by a corporate trustee, specifically focusing on the potential unintended consequences of including the typical ascertainable standards in trust documents. The presentation will also provide guidance on how to draft trust distribution language that is clear, specific, and aligned with the intentions of the grantor; it will also highlight the importance of expanded discretion to effectively meet the needs of present-day beneficiaries.
Attendees will be able to identify the legal and fiduciary obligations of corporate trustees in interpreting trust distribution language and understand the potential consequences of vague or imprecise standards. They will also gain insights into the factors that influence corporate trustee interpretation of trust distribution language, enabling them to advise clients on how to structure trust documents to meet their specific goals and objectives. Participants will learn strategies for drafting trust distribution language that is clear, specific, and aligned with grantor intentions, thus avoiding unintended consequences and effectively serving the needs of present-day beneficiaries and their families.
Speaker: Jennifer Sanwald, St. Louis Trust & Family Office, St. Louis