Selecting and Advising Trustees: A Practical Guide
CEPC Luncheon Program and Annual General Membership Meeting
Selecting a trustee is a challenging and oftentimes underappreciated aspect of the estate planning process. Helping clients to understand the pros and cons of different choices—whether naming an individual, a corporate fiduciary or an attorney or other professional advisor—is the first step in ensuring that the grantor’s intentions are carried out. And once the fiduciary begins to act, the professional advisor needs to ensure that an individual understands what is required of a trustee. The presentation will discuss the pros and cons of different choices, practical considerations where an attorney is acting or a co-trustee is named, and specific topics a trustee needs to understand, including documentation, fundamental duties, and fee issues.
