David F. Johnson presented “Parting is Such Sweet Sorrow: Issues Arising From Trust Termination and Trustee Succession in Texas,” to the North Texas Estate Planning Council. This presentation addressed the main legal issues that arise when trusts terminate or there is a successor trustee, such as trustee resignation, trustee removal, who can be a successor trustee, co-trustee resignation issues, successor trustee duty to police, prior trustee duty to report, trust termination, impact of termination, a trustee’s wind-up power, claims against beneficiaries, trustee’s duties after termination, release agreements, refunding agreements, and judicial relief. The presentation paper and slides are attached.

Issues Arising From Trust Termination and Trustee Succession in Texas – Presentation Paper

Issues Arising From Trust Termination and Trustee Succession in Texas – Presentaiton Slides