Trustee's Duty to Account and Disclose Luncheon

Prairie Financial Group® invites you to a complimentary luncheon webinar on the Trustee's Duty to Account and Disclose.

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, including:

- 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 (via webinar):

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

To reserve your seat, please RSVP by Tuesday, April 3.

***

Continuing Education:

Attendees may receive up to 2.0 hours of Continuing Legal Education (CLE) credits for participating in this group-live Briefing. We will submit for CLE approval after each program. A sign-in sheet will be available at each session.

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. Recordings are not eligible for CFP credits.

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