{"product_id":"101889","title":"Making Changes to Irrevocable Trusts","description":"\u003cp\u003e\u003cstrong\u003eImagine your client, the trustee, faces a multi-million-dollar family business held in trust, but the decades-old trust instrument prohibits its sale - forcing a choice between fiduciary duty and financial disaster.\u003c\/strong\u003e This 3-hour Continuing Legal Education (CLE) course provides an incisive analysis of the legal mechanisms, statutory standards, and current case law governing the \u003cstrong\u003emodification, termination, and nonjudicial adjustment\u003c\/strong\u003e of irrevocable trusts.\u003cbr\u003e\r\n \u003c\/p\u003e\r\n\r\n\u003cp\u003eWe will explore the tension between the traditional cornerstone of trust law - the \u003cstrong\u003esettlor's intent\u003c\/strong\u003e - and the modern framework, particularly the \u003cstrong\u003eUniform Trust Code (UTC)\u003c\/strong\u003e, which allows for greater flexibility. The course focuses specifically on the critical threshold inquiry: whether a proposed action violates a \u003cstrong\u003ematerial purpose\u003c\/strong\u003e of the trust. Attendees will gain practical knowledge to advise settlors, trustees, and beneficiaries on navigating disputes over trust administration, including decisions regarding distributions, asset management, and changes to trustee provisions. Irrevocable doesn't have to mean unchangeable - register today!\u003c\/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eDetermine the feasibility of modification under the UTC and common law.\u003c\/li\u003e\r\n\t\u003cli\u003eInterpret trust documents and extrinsic evidence to define a trust's \"material purpose.\"\u003c\/li\u003e\r\n\t\u003cli\u003eEnsure nonjudicial agreements stay within the bounds of judicial approval standards.\u003c\/li\u003e\r\n\t\u003cli\u003eGround your drafting in current judicial review practices.\u003c\/li\u003e\r\n\u003c\/ul\u003e","brand":"NBI","offers":[{"title":"OnDemand Video","offer_id":63160745951601,"sku":"101889SVDM","price":319.0,"currency_code":"USD","in_stock":true},{"title":"Course Book (PDF Download)","offer_id":63160745984369,"sku":"101889DM","price":99.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0692\/5998\/5214\/files\/CK-3495_510x370_Block.png?v=1770647044","url":"https:\/\/nbi-sems.com\/products\/101889","provider":"NBI","version":"1.0","type":"link"}