Program Title: Trust Accountings and Terminations: Identifying Options and Addressing Risks
Program Date: Wednesday, February 24, 2016
Materials: Because of file size, the handouts are broken into the following four parts:
Summary of Program Topic: The program explored various methods to render trust accounts, including final accounts. The discussion included accounting requirements for testamentary trusts, accounting clauses in trust instruments, options under the MUPC and MUTC, and managing risks in rendering final accounts. The panelist reviewed the trustee’s options to render accounts and ways to minimize the trustee’s liability upon termination of a trust.