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Trust Administration in Arizona

Understand how the adoption and provisions of the Uniform Trust Code (UTC) affect trust administration in Arizona. This topic will deal with all of the common difficulties that a trustee and counsel will face and the solutions to those difficulties. You will learn how to properly transfer titles of assets to a trust, how to deal with assets that cannot or should not be transferred to a trust and how to correct mistakes that were never properly transferred to the trust. You will learn the procedures to pay trust creditors, and how to establish the valuation of assets, particularly of hard-to-value assets. There are many techniques to ascertain ambiguities in a trust's language that will be explored. Understand the unique nature of a trustee's duties and the undertaking of proactive measures to minimize trustee liabilities. This will include the preparation of trust reports and accountings.


Runtime: 87 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Funding the Trust

Allocation Among Subtrusts -- Pecuniary vs. Fractional Formulas

In-Kind Distributions to Beneficiaries

The Benefits of DNI- Distributable Net Income - When and How to Do It

Establishing Defensible Valuations of Trust Assets

Trustee's Duties as a Fiduciary and Liability Dangers

How and When to Seek Court Involvement

Dealing With Difficult Beneficiaries

Preparing Accountings and Trustee Reports

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on August 15, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Thomas J. Murphy

Thomas J. Murphy

Murphy Law Firm, Inc.

  • Founder of Murphy Law Firm, Inc.
  • Practice emphasizes estate planning, elder law (including nursing home issues), all probate matters (including contested matters and guardianships) and tax controversies
  • One of the most experienced trial attorneys in the Southwest, having been the sole or lead counsel in more than 100 jury trials
  • Published in many national, state and local professional journals, writing on a wide variety of legal and tax matters
  • J.D. degree, Suffolk University Law School; honors graduate, Tufts University
  • Can be contacted at 480-838-4838 or [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 399059
Published 2016
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