Successor Trustees are the utmost important aspect of your client’s estate planning, because that trustee will be managing your client’s assets during incapacitation and administering the trust upon death.  After administering hundreds of trusts, the presenter has seen the mishaps, fighting, and court battles due to a client’s choice of trustee.  Learn about the benefits and pitfalls of the various choices of trustees – family members, professional advisors, friends, private fiduciaries, and corporate trustees.  We will also touch upon forming directed trusts so that your client’s wealth management advisor can continue to manage the family investments. 

This presentation includes discussion on:

• How the family structure may drive the choice of trustee.
• Why the types of assets and amount of the trust assets matter.
• Learning how the structure of the beneficiaries' distributions dictates the trustee options.
• How to help a client to select a trustee if they don't have anyone to name.
• Spotting when your client’s choice of trustee should be re-considered.
• What to do if a trusteeship vacancy occurs and how to avoid it from happening.
• Coordinating trustees, power of attorney agents, and executors.

After attending this presentation, you will better be able to offer your clients sound options for them to consider for their choice of successor trustee for the right reasons.