If you have been or will be appointed a trustee you will want to attend this day and a half workshop. A trusteeship is a critical, active role that has significant influence on the welfare of the beneficiary and the sustainability of the assets, businesses, or properties that are in the trust. A properly prepared trustee means:
A well educated and adjusted beneficiary.
Intelligently run investment and distribution strategies that fulfill the grantor’s vision.
A harmonious and constructive relationship between the trustee and beneficiary.
The risk from not being fully prepared includes:
Conduct, intentional or not, that breaches the fiduciary dury of the trustee leading to litigation and personal liability.
A beneficiary who lives feeling entitled to the wealth without appreciating their responsiblity to support the health of the trust for their benefit and the benefit of future generations.
Suboptimal results of the business or investment obligations for current or future beneficiaries.
Come learn from experts in the field who will provide a balanced perspective of the legal, investing, and human behavioral aspects of being a trustee. The attendees will be comprised of your peers who are trustees or beneficiaries of family trusts.
Attendees of this workshop will learn to:
– Understand the duties and powers of a trustee.
– Recognize the importance of building an effective relationship with the beneficiaries.
– Differentiate between mandatory and discretionary distribution.
– Manage the risks of serving as a trustee.