Summary
The extent of difficulty of a trustee's responsibilities largely rests on the nature of the trust assets. Depending on the type of trust and its objectives, for the trust to be successful, some assets may need to be retained and preserved, some assets will almost certainly be relied upon to generate reasonable investment return, some assets may have to be liquidated, and, occasionally, an asset must be abandoned. The trustee's decisions are always subject to scrutiny and critique by the beneficiaries and their counsel. Sophisticated trustees should strive to be informed regarding the following:

• The current landscape regarding trust diversification requirements
• Recognizing and addressing difficulties that may result from holding closely-held business interests
• Special concerns when holding other non-traditional assets in trust
• Socially responsible investing

Cancellation Policy
If you wish to cancel your teleconference registration prior to the time the program Materials (Intellectual Property)/Pin are sent out by BSB, then you will be allowed a full refund of your registration fee. If you wish to cancel your teleconference registration AFTER the program Materials (Intellectual Property)/Pin are sent out by BSB, then you will be charged a $100 cancellation/materials fee.

Archive Note: CE credits available for event recordings are CTFA, CWS and AFIM. No other CE credits are approved for recordings. Your archive will be available within 5 days of the live event.

State CE Exceptions: Attorneys must apply for CLE approval 30 days before event date or earlier. Click on your state for application.