Appointment as a trustee brings with it significant responsibilities to preserve, grow and administer trust assets.Along with it comes the risk of liability and litigation, too.The tensions between trustees seeking to prudently preserve and grow assets and beneficiaries, who often want greater distributions now and actively question the judgments of trustees, are many and varied. Led by two professionals with decades of experience advising trustees, this program will provide a detailed framework of the responsibilities of – and potential sources of liability for – trustees with an emphasis on best practices for avoiding liability.
Framework of interlocking trustee responsibilities
Investment duties, risks, and role of the Prudent Investor Rule
Keeping beneficiaries in the loop: Duties of disclosure
Sources of trustee/beneficiary friction and practical techniques for minimizing it
The Institute of Certified Bankers This program received the following breakdown of continuing education credit, CTFA: 1.25 FID: 1.25 To obtain continuing education credits, ICB members should submit their credits electronically at http://www.icbmembers.org.
Each price provides online access for 12 months after purchase.