"Termination of Trusts" – Minnesota Trust Administration Deskbook Seminar

Sponsored by Minnesota State Bar Association Continuing Legal Education, Minnesota Continuing Legal Education Conference Center, Minneapolis, MN
05.01.2014

Minnesota CLE proudly announces a new edition of the Minnesota Trust Administration Deskbook, a user-friendly practice aid for those administering trusts in Minnesota. A team of more than 25 attorneys have contributed their insights to this outstanding resource.

  • A trust may be terminated by a discretionary act of the grantor, beneficiaries or a trustee
  • Communication is key to managing beneficiary expectations when a trust terminates
  • To limit the trustee’s liability, the trustee should provide a full accounting to the beneficiaries and obtain either a release from liability from the beneficiaries or discharge as trustee from the court
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