Today’s Trustee The Art and Science of PFTC Fiduciary Responsibilities
Overview
Managing fiduciary responsibilities within a private trust company can sometimes feel like more of an art than a science. Developing effective and meaningful relationships with the beneficiaries, overseeing distributions and investment policy, understanding how and when decanting a trust is the best solution, while also being aware of the statutes under which the PTC should be operating all mandate experience and insight. In this webinar, Steve Davis, Chief Trust Officer, Pendleton Square Trust and Family Office, and Tera Rica Murdock, Litigation Attorney, Waller Lansden Dortch & Davis, spoke about current tensions that are facing trustees as they perform their duties.
In this webinar, attendees learned:
- What is needed to make a beneficiary a knowledgeable partner
- Steps to take to deescalate conflict
- Understand how to balance the Trustees Duty of Loyalty to Beneficiaries and Remainderpersons