Program Title: Discretionary Distributions from an Irrevocable Trust: How much discretion does the trustee have? It depends….
Program Date: Wednesday, December 16, 2015
Summary of Program Topic: The panelists discussed discretionary distribution standards and factors that trustees must consider in responding to beneficiary requests for distributions. The conversation included: (I) what analysis is required under certain distribution standards; (ii) the purpose and intent of the settlor; (iii) when should a beneficiary’s financial resources be considered; and (iv) what duty does the trustee have to consider the future needs of the current beneficiary and/or the needs of successor and remainder beneficiaries.