CLE on Trust Protectors and How To Use Them

The American Law Institute is offering a CLE entitled, Trust Protectors: When and How to Use Them, on Monday, June 21, 2013 from 12:00-1:00 EDT pm. Below is a description and highlights of the event as provided by the American Law Institute: 

Trust protectors, persons who essentially stand in the shoesof the settlor, were originally deployed in the context of offshore trusts togive settlors better control over assets and protection from creditors. Morerecently, trust protectors have been used to ensure that the settlor’s intentis being implemented even after death, and to provide flexibility in trustadministration.

Topics Include:

• trust protectors: what they are (including definitions inboth statutory and case law) and what they do
• whether trust protectors are agents or fiduciaries, and forwhom
• pros and cons of using a trust protector (in addition to atrustee) for your clients who use trust agreements to manage and distributetheir assets
• standard of care applicable to trust protectors
• essential trust provisions for defining within the trustinstrument the scope of trust protector powers and duties