Finding a Fiduciary
Understanding trustee duties, qualifications, and types of trustees, as well as tips for selecting trustees to match client circumstances
- Product Number: 2220048WBA
- Publication Date: 10/29/2021
- Length: 1 Hour CLE Credit Note
- Copyright: © 2021 MCLE, Inc.
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Product Description
Product Description
Choosing a trustee is one of the most important decisions a client makes when establishing a trust. In making this decision, there are a number of factors the client should consider, including, among others, relevant expertise and experience; familiarity with the family; characteristics such as dependability, sound judgment, and impartiality; the complexity of the trust assets and administration; and cost. While a client may have a trusted family member or friend who is an appropriate choice for the role, given the trustee's fiduciary duties and responsibilities, a client may want to consider naming a professional to serve as trustee (either as the sole trustee, or as a co-trustee with a family member or friend). This new seminar provides an overview of the duties and responsibilities of the trustee, highlights important trustee qualifications, and explains the types of trustees a client might consider given their particular circumstances. - Agenda
- Faculty