Topics will include: Initial administrative and tax duties of a successor trustee, including marshalling and retitling assets, changing TINs, notices, payment of expenses and claims, and other matters Laws that apply to trustees of irrevocable trusts, including state trust laws, principal and income and prudent investor acts, and domicile for taxes and administration Duties to beneficiaries, including investing, providing copies of trusts, reports, and accountings Distributions: mandatory versus discretionary; when to distribute or withhold; effect of spendthrift provisions; general and limited powers of appointment; funding of subtrusts Dealing with problems, including unfunded assets, beneficiary conflicts, interpretation issues, nonjudicial settlement agreements, decanting, and co-trustees Problem assets: S corporation and partnership interests; continuation of settlor's business; IRA and retirement plans Termination the trust: when to do so; how to transfer assets; disproportionate distributions; administrative and tax details of winding up Tax matters: income tax filing requirements for decedent and trust; estate tax returns, including making the portability election; avoiding trustee liability for taxes; transferee liability for taxes; new basis reporting requirements (including new proposed regs)