Drafting Directed Trusts

Mary Akkerman
Mary Akkerman | Davenport, Evans, Hurwitz & Smith LLP

Mary Akkerman practices in estate planning, including dynasty trusts, domestic asset protection trusts, estate and trust administration, guardianships and conservatorships, business and tax planning, estate and gift tax planning, tax appeals, and related litigation. She is skilled at establishing public and private trust companies in South Dakota and regularly works with U.S. and international families and advisors.

On-Demand: September 29, 2021

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Program Summary

This course will include the basics on drafting trusts with investment or distribution direction, including a discussion on trust protectors, family advisors, and other specialized fiduciaries or advisors. It will also include a discussion of the difference between direction and delegation, typical powers given to advisors to direct trustees, and how to adjust existing trusts to add directed trust provisions.

Key topics to be discussed:

  • How and when to use a Directed Trust structure
  • Directed versus Delegated Trusts
  • Typical powers of Investment Advisor, Distribution Advisor, Family Advisor and Protector
  • How to adjust existing trusts to add directed provisions

Date / Time: September 29, 2021

  • 11:00 am – 1:10 pm Eastern
  • 10:00 am – 12:10 pm Central
  • 9:00 am – 11:10 am Mountain
  • 8:00 am – 10:10 am Pacific

Choose a format:

Live Video Broadcast/Re-Broadcast: Watch Program "live" in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for "live" CLE credit.

On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 5 business days after the original recording date and are viewable for up to one year.

Closed-captioning available

Speakers

Mary Akkerman_Davenport_Evans_Hurwitz & Smith LLP_myLawCLEMary Akkerman | Davenport, Evans, Hurwitz & Smith LLP

Mary Akkerman practices in estate planning, including dynasty trusts, domestic asset protection trusts, estate and trust administration, guardianships and conservatorships, business and tax planning, estate and gift tax planning, tax appeals, and related litigation. She is skilled at establishing public and private trust companies in South Dakota and regularly works with U.S. and international families and advisors. Mary is an American College of Trust and Estate Counsel (ACTEC) Fellow. She is a member of the Society of Trust and Estate Practitioners and Sioux Falls Estate Planning Council.

Mary has received an AV Preeminent® Peer Review Rating by Martindale-Hubbell®, for the highest level of professional excellence for legal knowledge, communication skills and ethical standards. She has a Band 1 individual ranking in the Chambers High Net Worth Guide by Chambers and Partners in the area of Private Wealth Law, and is listed in The Best Lawyers in America© in Trusts & Estates. Mary has also been ranked in the top 5% of practicing attorneys in South Dakota by Great Plains Super Lawyers in the areas of Estate Planning & Probate.

Agenda

I. How and when to use a Directed Trust structure | 11:00-11:30
II. Directed versus Delegated Trusts | 11:30-12:00

III. Break | 12:00-12:10

IV. Typical powers of Investment Advisor, Distribution Advisor, Family Advisor and Protector | 12:10-12:40
V. How to adjust existing trusts to add directed provisions | 12:40-1:10