Part 6 of 10 Estates Series: How Does That Trust Thing Work Again? A Primer on Being a Trustee and a Review of the Uniform Trust Code
Date & Time: Thursday, February 6, 2014 from 12:00 pm to 1:30 pm
CLE Credit: No
A trustee must be mindful of several sets of rules and to steer clear of myriad potential traps. Minimizing fiduciary risk is of particular interest for those who act in that role, and their advisors. This presentation will offer trustees and those who advise them an overview of the basic rules that govern fiduciaries and practical suggestions for acting in that role.
Against the backdrop of case law, legislative guidance including the Uniform Trust Code, state and American Bar Association ethics rules, the panelist will also provide guidance for balancing conflicts of interest. Those conflicts can arise in the investment, distribution and taxation arenas, exercising the power to adjust, allocating the tax burden, and investment maneuvering. The extent to which a trustee can rely on the provisions of a trust document to limit liability will also be examined.
The panel will offer practical guidance for fulfilling a trustee's responsibilities while reducing potential litigation exposure.
This luncheon program is sponsored by the Estates, Trusts & Probates Law Section.
** This program is offered in a live webinar/webcast format.
Please note: If webcasting service is disabled during the program, only audio transmission will be available for the remainder of that program. Also note: webinar/webcast information will be e-mailed to registrants 24 hours prior to the event.
D.C. Bar Conference Center
1101 K Street, NW, Conference Center
(Metro Center Station)
Washington DC 20005
Mark Cohen, Cohen & Burnett
Sharon L. Klein, Managing Director of Family Office Services & Wealth Strategies Wilmington Trust, N.A.
Katherine Wiedmann, Crowley Hoge & Fein PC (Moderator)
**Webinar (Info. will be e-mailed to registrants)