The Ongoing March of Breach of Duty Claims and How to Protect Against Them
Registration will close at 5 pm on Thursday, November 10th. Please RSVP to ensure we have an accurate lunch count. Thank you!
This program qualifies for ethics credit as follows:
Attorneys – 1.5 hours of Ethics Credit – Minnesota (214220); Nebraska (118642)
Certified Public Accountants – 1.5 hours of credit – NASBA #103655; Field of Study – Ethics or Specialized Knowledge & Application
Certified Trust Financial Advisor (CTFA) – 2.0 credit hours – “Ethics”
The roles of beneficiary and fiduciary by their inherent nature have the potential to engender conflict. Over recent decades, this conflict has been exacerbated by increasing demands of beneficiaries and expanded theories of fiduciary liability -- flowing in part simply from the more litigious nature of society and in part from changes in trust law generally tilting toward enhancing the rights of beneficiaries. This teleconference will address the following themes:
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Always the most common sources of friction: distributions and investments
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Design and use of governing instrument provisions to insulate the fiduciary
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Effect of reliance on counsel by fiduciary
- Effect of waiver and/or consent and/or receipt of accountings by beneficiaries
