Cummings & Lockwood

31st Annual Real Property, Trust & Estate Law, National Conference

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April 25, 2019

Laura Weintraub Beck, Chairman of Cummings & Lockwood’s Private Clients Group, will be a featured panelist at the 31st Annual Real Property, Trust & Estate Law, National Conference in Boston on May 9th and 10th.  The Panel is entitled the “Perilous Pot Trust: Balancing Families, Flexibility, and Fiduciary Duties.”

The panel will discuss “Pot” trusts which allow a trustee to sprinkle and spray distributions among a class of beneficiaries from a single fund.  While these types of trusts are often promoted as allowing a trustee to manage money in the same way that the grantor would manage money for the family, administering a pot trust is rarely straightforward. The trustee’s ability to manage tricky family dynamics, competing interests, and different objectives is critical. This program will cover:

  • Planning considerations, such as defining the class of beneficiaries, creation of a single pot versus a division along family lines, and the timing of a division or termination
  • Administration issues, such as balancing divergent interests, risk tolerance, and investment objectives, communication with beneficiaries (or not), and managing (or ignoring) family dynamics

More information can be found at the following link: https://www.americanbar.org/groups/real_property_trust_estate/events_cle/annual-rpte-national-cle-conference/