Summary
The slicing and dicing of trustee roles is becoming common. The concept of the trust protector or trust advisor, who has the power to direct certain actions by a fiduciary, is now enshrined in the law of many states. Furthermore, it is possible under many circumstances for a trustee effectively to delegate certain duties (such as investment responsibilities) to a co-trustee or to an agent. In this teleconference, we will explore the following:
- State laws and governing instrument provisions regarding directed and delegated trusts
- Nature of a trust protector and whether he or she is or should be considered a fiduciary
- Various ways to divide duties and responsibilities of trust administration
- Liability of directed trustees, co-trustees, third-party agents and trust protectors
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. |  |  |  |