Drafting Trust Powers & Distribution Standards (Telephone)
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Some of the most important assets people have are not tangible. These assets include online assets like music and videos blogs award programs from banks and airlines credentials for accessing bank investment and retirement accounts and so much more. Accessing and transferring these assets are governed by disparate rules often difficult to find and implement. This program will provide you with a practical guide to trust and estate planning for digital assets.

11/8/2017
When: Wednesday, November 8, 2017
12:00 PM - 1:00 PM CT

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MCLE Accreditation
Nebraska Activity #149300, 1.0 hours CLE (Distance Learning)

One of the difficult decisions in a trust is when to make a discretionary distribution.  It is difficult for the settlor of the trust to confer that (often broad) discretion on a fiduciary.  It’s difficult for a trustee because the standards established by law or by trust documents are often vague and that vagueness leads to substantial tension with beneficiaries who want more.  It’s difficult for the planner and draftsman because the client often has an uncertain sense of what the standards for distributions should be in the first instance and client’s decision may shift over time over time.  All of these difficulties combine to make discretionary distributions a source of contention and potentially litigation and liability.  This program will provide you with a real-world guide to establishing and drafting distribution standards, and provide you tips on administration and how to avoid disputes with and among beneficiaries.

  • Planning distribution standards in trusts and making judgments for planners, draftsmen and fiduciaries
  • Drafting trust documents to establish objective, measurable standards for distributions
  • Statutory and common law framework for discretionary distributions
  • “HEMS” – health, education and maintenance – standards and how they operate in practice
  • How discretionary distributions are treated by corporate v. individual trustees
  • Balancing the tension between income beneficiaries and beneficiaries with remainder interests
Blanche Lark Christerson is a managing director at Deutsche Bank Wealth Management in New York City, where she works with clients and their advisors to help develop estate, gift, tax, and wealth transfer planning strategies.  Earlier in her career she was a vice president in the estate planning department of U.S. Trust Company.  She also practiced law with Weil, Gotshal & Manges in New York City.  Ms. Christerson is the author of the monthly newsletter “Tax Topics."  She received her B.A. from Sarah Lawrence College, her J.D. from New York Law School and her LL.M. in taxation from New York University School of Law.

To Register:Cost $89.00

  • Click on above link
  • Click “Login to add to cart” button at the bottom of the program page
  • This will take you to the log in page, FIRST time users will need to create a user name and password that is separate and distinct from any information you may have used for the Nebraska State Bar website
  • Please be sure to use the attorney name and contact information of the person who is to receive the CLE credit
  • Once completed click “Update & Proceed to Payment”
  • The final step is to click “Submit Payment”
  • At this point you will receive an email confirmation of the purchase
  • The day before the Program you will receive the dial in information and program materials
  • We will submit the program participation information to the Nebraska State Bar Association within 48 hours of the program completion


If you need additional information on your CLE credits please contact:
Amy Prenda, Nebraska State Bar Association
(402) 475-7091 ext # 131; aprenda@nebar.com