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Advanced CLE

2022 Family Feuds in Trusts: How to Anticipate & Avoid


Total Credits: 1.2 MCLE, 0.0 Kansas Credit


Dates


Description

Family feuds are the most destructive force in trust and estate planning. When a senior generation of a family dies or decides to pull back from leading a family business, long suppressed inter-personal conflicts rise to the surface and have often a substantially adverse impact on the business’s operations and value. These disputes often place planners in the extremely difficult spot of having gain the trust of warring factions, understand their grievances, and use the tools of planning to help them and the company find a value-preserving resolution of their conflicts. This program will provide you with a guide to identifying and resolving family feuds in trusts.

•    Sources of family feuds in trusts and techniques to resolve short of litigation
•    Disputes involving distributions, control of family assets, personal rivalries, lack of communication
•    Techniques for resolution – outside consultants, ongoing family meetings, lifetime gifting, distribution standards 
•    How choosing trustees can provoke or alleviate family disputes
•    How to work with warring family factions while protecting yourself as lawyer 

Materials

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