Are Irrevocable Trusts Really Irrevocable

Presented by Al W. King, III, JD, LL.M., AEP, TEP

The answer to this question has never been more important as a result of powerful population trends, an uncertain economic, political and tax future, changing family situations, a desire to promote family values as well as a litigious society etc... This session will discuss the most important ways irrevocable trusts can be modernized such as judicial and non-judicial reformations and modifications, restatements, and decanting. Pre-mortem validations, other key statutes, cases, rulings as well as important dos and don’ts will be discussed. Trust reformations and modifications have become one of the most important estate planning tools providing families with the flexibility they desire and need.

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The LUNCHEON meeting will be held at Bascom's Chop House located at 3665 Ulmerton Road, Clearwater.

The meeting will begin promptly at Noon with LUNCH and the opportunity to network at 11:30 a.m.

Advance reservations are required.

This is a joint meeting with the Suncoast Estate Planning Council.

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Thank You to Our Annual Sponsor!

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SPEAKER BIO: Al W. King III is the Co-Founder, Co-Chairman and Co-Chief Executive Officer of South Dakota Trust Company LLC (SDTC) and SDTC Related Companies with offices in South Dakota, New York, Wyoming, Nevada and Westport, CT. SDTC is a national trust boutique serving wealthy families from 54 countries and 47 states. SDTC currently has more than $135 billion in assets under administration.

Mr. King was previously Managing Director and National Director of Estate Planning for Citigroup. Mr. King was also the Co-Founder and Vice Chairman of Citicorp Trust South Dakota. Mr. King also previously served as Director of Financial and Estate Planning for Coopers and Lybrand in Stamford, Connecticut.

Mr. King is the Co-Vice Chairman of the Editorial Board of Trusts & Estates Magazine. He has been a member of the Editorial Board for over 30 years. Mr. King has been inducted into the National Association of Estate Planners & Councils (NAEPC) Estate Planning Hall of Fame as an Accredited Estate Planner (AEP), Distinguished. Mr. King previously served on the Board of Directors for NAEPC and is the Former Chairman of the NAEPC Foundation Advisory Board. He is currently a member of both the NAEPC webinar and publications committees. He is also a member of several groups and organizations including the Society of Trust and Estate Professionals (STEP), the International Association of Advisors in Philanthropy (AiP), New York Philanthropic Advisors Network (NYPAN), Fairfield County and New York City Estate Planning Councils, etc. In addition, he is frequently published and quoted by several publications on various Estate Planning topics and addresses several professional organizations, special interest groups, and general audiences on the subject of estate and trust planning.

Mr. King received a Bachelor of Arts cum laude from Holy Cross College, a Juris Doctor from Syracuse University College of Law and an LL.M. in Tax Law from Boston University School of Law.