Webinar - Exploring the Limits of Irrevocable Trust Restructuring

Overview

Wednesday, Mar 11, 2020 - 10:00am to 11:00am CDT

 

Join Rob Galloway and Lisa Canarick of Baker Hostetler LLP for a discussion of trends, learnings, opportunities and pitfalls regarding the restructuring of irrevocable trusts.

Topics to be discussed will include:

  • When to consider a non-judicial settlement agreement and/or decanting
  • Legal and practical limits
  • Tax issues to consider when modifying a trust
  • How to bind minor or unborn trust beneficiaries
  • Whether to seek judicial approval
  • Conflict of interest issues
  • Legal representation

 

 

 

 

 

 

***Attendees of this webinar are eligible to receive one hour of CPE credit upon completion of participation requirements.***

Recommended for: 
Family Office Executives and Advisors

Event Sponsors

  • Speaker(s)

Lisa Canarick, Associate, Baker Hostetler LLP

Lisa Canarick is experienced in the areas of estate planning, wealth transfer, business succession and estate administration, with a focus on moderate, high and ultra-high net worth individuals. She counsels clients to implement both simple and sophisticated estate plans with an emphasis on minimizing United States estate, income and generation-skipping transfer taxes. Lisa advises individuals and families through all phases of the process to create an estate plan based on the individual’s specific needs. She also works with families, fiduciaries, wealth management professionals, court and federal and state taxing authorities regarding all stages of trust and estate administration.

 

Rob Galloway, Partner, Baker Hostetler LLP

Rob Galloway leads the Cleveland office's Private Wealth Group. In this role, Rob provides counsel to the firm's wealthiest and most prominent fiduciary and family clients. He works closely with family offices, private trust companies, bank trustees, individual trustees and privately held companies to bring creative solutions to complicated tax and fiduciary issues. Rob understands that lasting client relationships are built on trust, collaboration, and a sensitive approach to family and business issues.