Trustee's Duty to Account and Disclose

Thursday, April 5, 2018 • 1:00 - 3:00 p.m. ET


2.5 CTFA, 2.5 CISP, 2.5 CRSP

The 2018 Trust and Estate Planning Series will provide you and your staff with critical information on estate planning and trust administration topics. This series is an excellent business development opportunity; invite outside counsel to attend these informative programs at your location.

The open disclosure of information to beneficiaries is one of the fundamental duties of a trustee, and is also typically viewed as an indicia of a trustee acting in good faith. The trustee's duty to disclose at common law is rarely subject to controversy, but to whom the duty is owed is a source of regular uncertainty and ongoing litigation. There also are new developing rules on the ability of a trust settlor to override the common law duty and create a "silent trust." This session will explore a number of areas in-depth.

This Briefing will focus on:

  • The duty to disclose information and the duty to account
  • Disclosure as a tool to manage risk
  • To whom the duty applies
  • Power of the settlor to alter the duty and statutory authorization to do so
  • Operation of silent trusts and their danger

Speakers:

  • Thomas W. Abendroth, Partner, Schiff Hardin LLP
  • Charles "Skip" D. Fox IV, Partner, McGuireWoods LLP

 

 

 Continuing Education Credits

 
ABA Professional Certifications approved this program for 2.5 CTFA, 2.5 CISP and 2.5 CRSP continuing education credits for the live program and the recording. 

The Certified Financial Planners Board has granted 2.0 credits for this Briefing.

CPE logoThis group-live event is eligible for 2.0 CPE credits for CPAs (Business Law). Recordings are not eligible for CPE credits. No prerequisites required.

American Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
​Questions? Please contact Linda Shepard / Cari Hearn for more information.
 

 Pricing & Purchasing

 

Live Briefing or Recording
ABA Member • $265
Non-Member • $395

Live registration provides a connection for one room where unlimited listeners can be present, and streaming recording access FREE for 7 days.
 

 Who Should Attend

 
  • Trust Officers
  • Estate Planners
  • Trust Counsel
  • Trust Dept. Managers
  • Wealth Managers
  • Private Bankers
  • Trust Tax Professionals
  • Financial Planners
  • CTFAs, CPAs and CFPs
 

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