The Duties, Powers & Responsibilities of Trustees - Live Broadcast for Private Client Professionals

Introduction

Being a trustee is increasingly a risky position. What powers do trustees need and how should they exercise those powers? How do practitioners draft documents for changing circumstances? When exercising those powers (or choosing not to) how do trustees avoid criticism from beneficiaries?

This virtual classroom session is aimed at private client practitioners who want to develop their existing knowledge of trusts and to be able to provide simple explanations to clients as to the duties, powers and responsibilities of trustees.

What You Will Learn

This live and interactive session will cover the following:

• Fiduciary powers - a refresher
• The difference between dispositive and administrative powers
• The risk to trustees when exercising these powers
• Powers held in a personal capacity
• The three different powers of appointment
• Power of advancement
• Fraudulent use of a power
• Trustee record keeping when exercising powers
• When drafting how much do you rely on statute in regard to powers?
• Reducing risk for trustees

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.