CANNON: Conflicts Among Trust Beneficiaries, Trustees, IRS and the Courts

Light snacks will be served beginning at 12:30pm. The teleconference is 1pm - 2:30pm Eastern Time, and is held onsite at The Trust Company of Tennessee.

Cannon Estate Planning Teleconference Series is a live monthly discussion on Wealth Management and Estate Planning topics.

The industry's foremost leading authorities provide commentary and debate over the use of complex financial and legal strategies to serve their high-net-worth clients best. Professionals can connect and collaborate on relevant issues without the added expense of travel and accommodations while earning continuing education and learning credits to preserve their valuable business credentials.

TOPIC: Multi-Faceted Conflicts Among Trust Beneficiaries, Trustees, the IRS and the Courts

After the dust has settled, trust beneficiaries who may think they just won the lottery are sometimes surprised to discover that their position in the trust relationship may be less advantageous than they envisioned. Beneficiaries sometimes must take affirmative steps to enforce their rights and may find that their complaints regarding trust administration are determined not to be justified. Further, in some instances, a beneficiary may be required to account for and return distributions that should not have been made. We’ll address the following themes during this teleconference:

• The nature and timing of a beneficiary’s claims against a Trustee
• A beneficiary’s potential liability to the trust
• The IRS’ pursuit of a trust beneficiary for a tax liability
• A beneficiary’s standing to sue a third party who transacts business with the trust

Host or Publisher The Trust Company of Tennessee