CLE on Special Fiduciaries

The National Business Institute is sponsoring a 90-minute national teleconference entitled The Role of Trust Protectors and Special Fiduciaries on October 13, 2010.  The program description is below:

Why have another “cook in the kitchen?” What can trust protectors do that trustees can’t? This highly underrated tool helps build flexibility into a trust without breaking the arm’s length rule. Find out how to advise clients on when they could benefit from one and learn to document trust protectors’ powers and function to ensure proper execution of the job. Expand your trust and estate planning expertise – register today!

• Clarify the difference between a fiduciary/trustee and a trust protector.
• Advise clients on choosing the right person to act as a trust protector.
• Establish clear boundaries of trust protector powers and responsibilities.
• Explore the tax considerations in using a trust protector.
• Don’t risk exposing trust assets to creditors: get drafting tips from experienced attorney faculty.
• Understand the roles of trust advisors in asset protection and estate planning.