Attendees will learn about the numerous ways that terms of otherwise irrevocable or non-amendable trusts can be changed under provisions of the North Carolina Uniform Trust Code, including discussion of (1) non-judicial modification of non-substantive provisions, (2) modifications while trust grantor is living, (3) court approved and independent modifications after trust grantor is deceased, (4) decanting (transferring trust assets to new trust with different terms), (5) modification by trust protectors, (6) modification of charitable trusts, (7) virtual representation-when persons can “consent” for minors and unborn beneficiaries, (8) tax risks associated with trust modifications and (8) real life examples of modification and decanting.
Michael Godwin, JD
Mike Godwin’s practice is concentrated in the areas of wealth and transfer tax planning, fiduciary advice, trust and estate disputes and working with owners of closely-held businesses and their families on succession planning matters.
In helping clients pass family wealth to their chosen beneficiaries in the most tax-efficient manner, Mr. Godwins focus is to find practical solutions that are appropriate for the family in question. He strives to take into account non-tax factors such as the need for asset protection, concerns about future marital issues and family dynamics. This work often involves designing and drafting Wills and Living Trusts, as well as implementing more sophisticated techniques such as generation-skipping trusts, grantor retained interest trusts, sales to defective grantor trusts, life insurance trusts, transferring discounted interests in business entities and working with limited liability companies, partnerships and Subchapter S corporations.
Registration Fee: $29
Archive: The archive recording will be available after the webinar in your FSPgo account (on the My Account tab).
CE Credits: 1 CFP® credit and 1 Professional Recertification (formerly PACE) credit have been approved. Also approved in North Carolina for 1 CPE (accounting) credit, 1 CLE (legal) credit and 1 CIE (insurance) credit.
You must participate on the scheduled rebroadcast date and time in order to earn CE credits. For those requesting credits, a certificate of completion will be emailed to you about a week after the webinar, upon successful completion of the webinar. For CFP® credit, the Greensboro Chapter of FSP will report your credit to the CFP Board for you after the webinar.
12:00 pm – 1:00 pm ET
11:00 am – 12:00 pm CT
10:00 am – 11:00 am MT
9:00 am – 10:00 am PT
Note: This webinar was originally broadcast by the Greensboro Chapter of the Society of FSP on October 21, 2020. If you attended the live presentation, you cannot attend the rebroadcast for CE credits.