This webinar is co-sponsored by the Society of Financial Service Professionals and the American Cancer Society
Individuals have long sought to maximize gifts to charities through the use of irrevocable trusts, some of which may last decades or longer. But what happens when the terms of those trusts become outdated? When the charitable purposes would be best served through a change to those terms? When changing circumstances require enhancement of a trust’s terms?
While going to court may once have been the only option to modify an irrevocable charitable trust, out-of-court options are becoming increasingly prevalent in most jurisdictions, potentially eliminating much of the time, expense, and uncertainty of judicial proceedings. This program will focus on the why, when, and how of modifying irrevocable charitable trusts, and will educate fiduciaries, beneficiaries, and grantors—along with those who advise them—on the risks and rewards of doing so.
- Why one might considering modifying an irrevocable charitable trust
- What can and cannot be changed with respect to an irrevocable charitable trust
- The methods and processes by which an irrevocable charitable trust may be modified
- Possible pitfalls of modifying an irrevocable charitable trust
Scott E. Swenson, JD is a partner with Connolly Gallagher LLP. He focuses his practice on estate planning and settlement, estate and trust litigation, and advising trustees and other fiduciaries on matters including trust administration, trust modification, and risk management. In doing so, he helps clients achieve their strategic planning objectives and finds cost-effective solutions to the problems and controversies faced by fiduciaries and beneficiaries. Scott has represented a variety of institutional and individual clients, as fiduciaries and as beneficiaries, in trust and estate matters before the Court of Chancery and the Supreme Court of Delaware. His practice also includes taxation, alternative entities, non-profit organizations, tax controversies, and guardianship. Chambers USA: High Net Worth has ranked Scott among Delaware’s top practitioners in the area of Private Wealth. Scott was also recognized by Best Lawyers as the 2019 “Lawyer of the Year” for Trust and Estate Litigation in Delaware, and is rated AV Preeminent®, Martindale-Hubbell’s highest rating for lawyers. Scott is also dedicated to pro bono service, serving on the board of directors of Delaware Careplan, Inc., a non-profit organization dedicated to managing special needs trusts, and acting as an attorney guardian ad litem for the Office of the Child Advocate. In addition, Scott is former Chair of the Delaware State Bar Association’s Estates & Trusts Section, and presently chairs the Section’s Continuing Legal Education Committee. Scott earned his JD from the University of Pennsylvania Law School and earned the Wharton Certificate in Business. He is also a graduate of the University of Maryland with a B.A. in Government & Politics, and Economics.
1 CFP® credit has been applied for.
1 CLE (legal) credit has been applied for in those states that accept the webinar format for credit. Click here for CLE approvals.
(CLE credit is not eligible for: AK, CT, DC, IN, HI, KS, MD, MA, MI, MN, NV, NJ, OH, PA, RI, SD)
1 CPE (accounting) credit has been applied for.
1 Professional Recertification credit (formerly PACE) has been applied for.
$5.00 fee for CE credit processing (fee is waived for FSP Premier Members). You must participate in the live webinar in order to earn CE credits.
Registration Fee (includes PowerPoint and access to the archived program)
||FSP Premier Members
|Prof. Recertification Credit
*This webinar is free for all attendees due to the sponsorship by the American Cancer Society.
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This program will be recorded and archived. All registrants will be emailed the link to the recording about a week after the webinar.
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