Gassman, Crotty & Denicolo, P.A. have been developing their trust forms since 1984, and have accumulated and assembled a great many provisions and structures within revocable and irrevocable trusts that can be of great use to practitioners in all states. In this webinar, Alan Gassman will share many of the unique provisions and ideas that have developed, to include:
· Safety latch and Ulysses provisions to prevent a revocable trust from being amended without consent of trusted individuals or physician clearance;
· Provisions to discourage troublesome beneficiaries from challenging trust provisions or pursing possible causes of action against trustees and advisors
· Preventing the horrific situation of client who may have signed a living trust, but not an adequate or working pour-over Will;
· Clauses that can enable trust and estate lawyers to be selected to serve as fiduciaries by the beneficiaries if and when appropriate;
· Overflow provisions so that excess contributions to trusts that would cause federal estate tax can instead go to marital or charitable savings trusts;
· Provisions to provide that a beneficiary of a trust that makes a contribution to it will not have the right to benefit from the assets or income resulting from such contribution;
· Thorough time-tested language for comprehensive handling of trusts for addicted or special needs beneficiaries;
· Scrivener protector provisions which enable a drafting law firm to correct ambiguities and clerical or other errors without court involvement or consent of troublesome beneficiaries;
· Effective Trust Protector and trust advisor language, and limitations that must be placed on powers given to Trust Protectors for income and other tax-planning purposes.