Richard T. Wright will be a featured speaker and panelist on “Maryland Trust Act Developments and Applications” at the Maryland Bar Association’s Advanced Tax Institute on November 15, 2016. Learn more about the Maryland State Bar Association’s 2016 Advanced Tax Institute at ati.webflow.io.
As a member and former chair of the Estates and Trust Law Section of the Maryland Bar Association, Mr. Wright was instrumental in helping to write and then shepherd the Maryland Trust Act through both houses of the Maryland Legislature. This significant piece of legislation codified and updated Maryland trust law and coordinated many of its provisions with the nationally recognized Uniform Trust Code. In addition, Mr. Wright was the principal author of Subtitle 5 of the Maryland Trust Code dealing with “Creditor’s Claims; Spendthrift and Discretionary Trusts”. Along with his colleagues on the Advanced Tax Institute panel, Mr. Wright has focused on the developments and applications of the Maryland Trust Act and has shared this knowledge with Maryland attorneys and other financial professionals in many speaking engagements throughout the state since the Act became law. In addition, Mr. Wright has written a number of articles explaining pertinent aspects of the Maryland Trust Act and the effects of the most recent changes. See, for example, two articles titled The Maryland Trust Act and The Uncertain Duration of the Post-Mortem Rights of Creditors of a Revocable Trust Settlor.