Avoiding the Fiduciary Litigation Hurricane
With the ever-increasing proliferation of litigation initiated by beneficiaries, fiduciaries today (especially those assumed to have “deep pockets”) carry out their duties with targets on their backs. Keeping abreast of the latest issues and developments regarding fiduciary liability will help the fiduciary avoid becoming a sitting duck for criticism and claims.
This teleconference will cover the following topics:
- Standing to Sue Trustees
- Claims Against Directed Trustees
- A Trustee’s Ability to Rely on Advice of Counsel as a Defense
- Exculpatory Clauses and Other Limitations on Liability