Trust Administration: Challenges and Best Practices

Managing Fiduciary Powers and Duties; Controlling, Protecting and Distributing Trust Assets; Disbursing Fees and Expenses

Recording of a 90-minute CLE webinar with Q&A


Conducted on Tuesday, February 7, 2012

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will prepare trust and estate practitioners to overcome common challenges in trust administration. The panel will identify best practices for managing trustee duties and powers, and drill down into controlling, protecting, dividing and distributing trust assets and disbursing fees and expenses.

Description

Trust administration can present a wide range of issues to trust and estate counsel. Seemingly simple matters that relate to the trustee’s duties and powers are often deceptively challenging.

Consideration should be given to the powers to direct and delegate, ways to control and protect trust assets, and disclosure and notice requirements. Dividing trust assets, determining and disbursing fees and expenses, and distribution to beneficiaries also must be addressed.

Listen as our authoritative panel of trust and estate planning practitioners highlights key issues that arise in trust administration and best practices in exercising trustee duties and powers.

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Outline

  1. Trustee’s Duties and Powers
    1. Sources of Authority — using the Trust Instrument, Legislation and the Restatement in Concert
    2. Duties of Care, Loyalty, Impartiality and Disclosure
    3. Allocating Principal and Income — Investing Prudently
    4. Delegating Authority and Working with Co-Trustees
  2. Control and Protection of Assets
  3. Assessing and Inventorying the Trust Estate
  4. Disclosure and Notice Requirements
  5. Dealing with Beneficiaries
  6. Division and Distribution of Assets
  7. Modification and Termination of Trusts
  8. Disbursement of Fees and Expenses

Benefits

The panel will review these and other key questions:

  • What issues should the trustee take into consideration when making distributions and disbursements?
  • What common pitfalls should be avoided in trust administration?
  • What best practice strategies should trustees consider in exercising their powers?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Mary A. Akkerman
Mary A. Akkerman

Partner
Lindquist & Vennum

She practices in the areas of estate planning, wills and trusts, estate and trust litigation, guardianship and...  |  Read More

Dawn D. Hallman
Dawn D. Hallman

Atty
Hallman & Associates

She limits her practice to wealth transfer planning and estate planning, including trusts, trust administration, tax...  |  Read More

J. Brian Thomas
J. Brian Thomas

Atty
Burdette & Rice

Mr. Thomas focuses his practice on probate, estate administration, guardianship and estate planning matters,...  |  Read More

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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