Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / dynasty-trust-situs-analysis.docx
dynasty-trust-situs-analysis.docx
Parties
Harkness LLP
Caldwell Ridgeline Capital LLC
Meridian Crest Partners LLC
M. Hartfield
Fairchild LLP
Stonecrest Realty Holdings LLC
State Inc
Trust Inc
Dates
March 15, 2023
April 1, 2023
February 22, 2023
Amounts
$5,000,000
$60,000,000
$80,000,000
$38,000,000
$35,000,000
$50,000,000
$40,000,000
$55,000,000
$300,000,000
$12,920,000
Obligations
The chosen situs must support GST-exempt perpetual trust administration, tax efficiency, structural flexibility, and robust governance
The situs selection must complement, and not conflict with, the administration of these related vehicles
• Limited Decanting: If the trustee's authority is limited to an ascertainable standard (such as HEMS — health, education, maintenance, and support), the trustee may still decant, but the second trust must have the same ascertainable standard and may not expand the class of beneficiaries beyond those who were beneficiaries of the original trust
Practitioners must be more careful in structuring decanting transactions where the trustee's authority is limited to an ascertainable standard