Responsibilities and Risks as the Family’s Trustee

Poor trust risk management and family disunity remain major if not the major threats to families seeking to remain together from generation to generation.  Often embraced hesitantly by families, the most important risk management actions are basic and logical, only requiring families to understand and commit to them. Communication is often the key to both trust risk management and overcoming family disunity.

Attendees will learn:

• Primary fiduciary responsibilities/liabilities of trustees
• Recent litigation against trustees
• Basic processes, documentation and communications required to meet fiduciary responsibilities and manage the risks.