DESCRIPTION
Special Issues in Small Trusts
Discover how traditional trust administration principles must be adapted when applied to smaller trust estates where administrative costs can quickly erode principal and beneficiary value. This specialized program addresses the unique challenges facing trustees and practitioners managing trusts with limited assets while maintaining fiduciary standards. Learn cost-effective strategies that preserve trust benefits without compromising professional responsibilities.
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Implement cost-effective administration strategies that preserve trust assets for beneficiary distributions
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Navigate simplified reporting and accounting procedures appropriate for smaller trust estates
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Address family dynamics and beneficiary expectations in trusts with limited distribution capacity
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Understand when trust termination or modification becomes the most prudent administrative option
Speaker:
John T. Midgett is a founder of Midgett & Preti PC in Virginia Beach, Virginia, where his practice focuses on estate planning, administration and taxation, elder law, and family business planning. He is a Fellow of the American College of Trust and Estate Counsel, a member of the National Academy of Elder Law Attorneys, and the Duke University Estate Planning Council. He has lectured widely on topics relating to estate planning, taxation, probate, elder law, and family businesses. Mr. Midgett received his B.A. from the University of Virginia and his J.D. from the University of Richmond.
Disclaimer: All views or opinions expressed by any presenter during the course of this CLE is that of the presenter alone and not an opinion of the Oklahoma Bar Association, the employers, or affiliates of the presenters unless specifically stated. Additionally, any materials, including the legal research, are the product of the individual contributor, not the Oklahoma Bar Association. The Oklahoma Bar Association makes no warranty, express or implied, relating to the accuracy or content of these materials.