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Before Loaning Funds to a Beneficiary Consider the Potential Consequences

May 15, 2015

Trusts and Estates attorneys Lauren Wolven and Carrie Harrington authored "Beneficiary Loans: Obvious Problems and Subtle Solutions" published in the June issue of Checkpoint’s Estate Planning. In the article, they discuss factors that should be considered by the trustee when making a loan to a beneficiary including, the trust instrument, governing law, relationship with the current and remainder beneficiaries, and the duty to prudently invest trust assets.

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