Two typographical errors appeared in Robert B. Wolf, Estate
Planning with Total Return Trusts, that appeared at 36 REAL
PROP., PROB. & TR. J. 169 in the Summer, 2001, issue of
the Journal. The correct text is set out below. The Editorial
Board of the Journal apologizes for any inconvenience that these
errors may have caused our readers.
1. Paragraph B. on page 284 of the Article should read as set
out below. Changes from the original are printed in italics.
B. Unitrust amount. The trustee shall pay to my _______________in
each year of this trust ("trust year") during h_____
life a unitrust amount equal to ______ (___%) percent of the average
of the fair market values of the trust as of the close of the
first business day of the trust year (or the date of first funding
for the first trust year) and the two previous trust years (or
such lesser number of trust years as are available for the first
two years of the trust) ("unitrust amount"). In the
case of a short tax year, the unitrust amount shall be calculated
as set forth in subparagraph C below. In the case of contributions
to or distributions from the trust, including initial funding,
the unitrust amount shall be determined as set forth in subparagraph
D below. [Non-accrual alternative: The obligation to pay the unitrust
amount shall cease with the last regular payment before my ___________
death.]
2. In the third line of page 292 of the Article, the word "wealthiest"
should read "wealthier."
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