"Termination of Trusts" – Minnesota Trust Administration Deskbook Seminar
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