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Posted on Monday, December 8th, 2014 by admin

The Pennsylvania Bar Institute, the continuing education arm of the Pennsylvania Bar Association, selected Peter Klenk, the principal at Klenk Law, to teach their CLE seminar on the estate planning impact of Pennsylvania’s Uniform Trust Act. Peter was part of a panel of attorneys chosen for their estate planning expertise and familiarity with Pennsylvania’s Uniform Trust Act.

The three-hour seminar, “Pennsylvania’s Uniform Trust Act: Pitfalls and Solutions,” was held on December 8th in the CLE Conference Center in Philadelphia. Topics covered included:

Fundamental General Changes
Notices
Revocable Trusts vs. Wills
Representation (includes conflicts)
Charitable Trusts and Judicial Proceedings
Non-Judicial Proceedings Modification/Reformation Trust Protectors
Annual Accountings

The seminar provided important information on the practical implications of the Uniform Trust Act, how it impacts estate planning practices and what techniques can be utilized for accounting, filing, claims and virtual representation

Some examples of crucial techniques:

  • Details on when notices of a trust’s existence must be provided to trust beneficiaries
  • The new revocable trust regime and if advantages remain for revocable trusts over wills
  • Beneficiaries’ new authority to modify trusts, including irrevocable trusts
  • Conditions when adult family members can represent minor or future unborn beneficiaries in proceedings or agreements to interpret or modify trusts
  • Drafting trust documents to offer more flexibility to beneficiaries

If you have questions about Pennsylvania’s Uniform Trust Act, feel free to contact our office for a free consultation. Wills, Trusts and Estates, It’s All We Do!

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