Fixing Old Trusts
Registration and cocktails
5:00pm – 5:15pm
Dinner
5:15pm – 6:00pm
Program
6:00pm – 7:00pm
RESERVATIONS
by Friday, April 17th
You will be sent a return email confirmation.
About the Program
America’s population is aging and the Great Wealth Transfer is well under way. According to a 2021 research survey between now and 2045 baby boomers (born 1946 to 1964) will inherit $4 Trillion, Generation X members (born 1965 to 1980) will inherit $30 trillion, Millennials (born 1981-1996) are set to inherit $27 trillion, and Generation Z (1997-2012) is set to inherit $11 trillion. Source: Cerulli Associates, “The Cerulli Report: U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2021.”
Much of this wealth transfer will occur utilizing trusts. Some of these trusts will distribute and terminate upon the death or deaths of the grantors. However, many will continue told hold assets and will remain in existence for decades. Indeed, Arizona law is very generous and A.R.S. § 14-2901 allows for an irrevocable trust to continue for five hundred (500) years after its creation. It is important when planning with clients to go back and review these old trusts to make sure we are not missing an opportunity to make important updates or changes. The purpose of this presentation is to present and review a few common scenarios where updates may be important. Here are a few scenarios where we might encounter and be able to fix issues with old trusts.
About the Speaker
Dane joined Bogutz & Gordon, P.C. in January 2018. Dane earned his J.D. at the University of Arizona's James E. Rogers College of Law, where he served on the board of the Arizona Journal of International & Comparative Law. The Journal published his Note, "Buying Property In Mexico's Restricted Zone: The Missed Opportunity That Was The 2013 Beltrones Proposal To Amend Article 27 Of The Mexican Constitution." While in law school, Dane worked as a judicial extern for Pima County Superior Court Judge Gus Aragón. He spent his undergraduate years at the University of Arizona, where he received a degree in history with a minor in sociology.Dane is a native Tucsonan and enjoys practicing law in his hometown. In his spare time, he enjoys playing city league baseball, exploring the outdoors around Tucson, and studying 19th and 20th Century United States history.
Education
The University of Arizona James E. Rogers College of Law, Tucson, Arizona J.D.
Professional Associations
Member of the Probate and Trust Executive Counsel of the State Bar of Arizona
Former Member of the Board of Directors of the Arizona Chapter of the National Academy of Elder Law Attorneys, Member
Southern Arizona Estate Planning Counsel, Member
Certifications
Licensed Fiduciary, Arizona Supreme Court
Board Certified Specialist, Estate & Trust, Arizona State Bar
Thank you to our Happy Hour Sponsor
Thank you to our Speaker Sponsor
