The Junction of Excellent Estate Planning and Terrible Trust Administration
It is possible to have a superb estate plan in concept, including state-of-the-art estate planning documents, only to have defective fiduciary administration cause components of the plan to short circuit or, in some cases, cause the whole plan to explode in flames. The results may range from loss of expected tax status or benefits to diversion of trust assets.
In this session, we will examine the importance of:
- Following governing instrument mandates to the letter
- Exercising dispositive and investment discretion with care and sensitivity
- Designating fiduciaries with expertise, experience and integrity
- A Trustee's developing cooperative and informative relationships with beneficiaries