Counseling Trustees on Their Duties
February 2010
Counseling Trustees on Their Duties
Understanding and Using Trusts: An Eight Program Series - Program Four
The Trust Drafting Series includes the following Programs:
1. Revocable Living Trusts: Design, Implementation and Other Issues (January 27)
2. Taxation Issues Related to Trusts (February 4)
3. Irrevocable Life Insurance Trusts (ILITs) - From the Ground Up (February 10)
4. Counseling Trustees on Their Duties (February 24)
5. Understanding Charitable Remainder and Charitable Lead Trusts (March 3)
6. Counseling Clients on the Expanding Requirements of the Uniform Principal and Income Act and the Uniform Prudent Investor Act (March 24)
7. Strategic Trusts for Elderly and Disabled Clients (April 7)
8. Understanding and Using Specialized Trusts, Including GRATs, IDITs and More! (April 28)
Who Should Attend
- Trust and Estate Law Practitioners
- Trust and Estate Law Paralegals
- Trustees and Other Fiduciaries
- Anyone Who Needs to Understand and Use Trusts!
Program Description
CBA-CLE and the CBA Trust and Estate Section are proud to present this informative, practical series of CLE programs on understanding and using trusts in your practice. This series consists of eight programs, each dedicated to a key area of trust law.
The expert members of the faculty will explain the purposes, mechanisms and key clauses included in a wide variety of trusts typical for a Colorado trust and estate practice. They will also explain the client needs that each trust addresses and how each type of trust meets those needs. The faculty will also point out common errors that inexperienced practitioners sometimes make when working with these trusts. Other important issues that concern trusts, such as taxation, ethics, liability, and malpractice will also be covered.
The entire series of programs includes a total of 33 CLE credit hours of instruction, providing you with a detailed trusts education that goes a level deeper than ordinary CLE seminars!
If you register for one to four programs, you will receive the affordable regular tuition rate. If you register for five or more programs, you will receive the entire series of programs - all eight programs - for less than the tuition for just five programs. It's an unbeatable value for these high-quality CLE programs!
From taxes, to funding, to the duties of the trust-maker, beneficiary, and trustee, you will get current guidance on the use of trusts in your practice, making this a “must attend” series of seminars.
Attendance is limited - register today!
Agenda
8:30 AM - 9:00 AM
Registration
9:00 AM - 9:50 AM
Part 1 (50 minutes)
9:50 AM - 9:55 AM
Break (5 minutes)
9:55 AM - 10:45 AM
Part 2 (50 minutes)
10:45 AM - 10:55 AM
Break (10 minutes)
10:55 AM - 11:45 AM
Part 3 (50 minutes)
11:45 AM - 1:00 PM
Lunch (On Your Own)
1:00 PM - 1:50 PM
Part 4 (50 minutes)
1:50 PM - 2:00 PM
Break (10 minutes)
2:00 PM - 2:50 PM
Part 5 (50 minutes)
2:50 PM
Adjourn
Topics Include:
- Fiduciary defined, including
-Trustee
-Personal Representative
-Conservator
-Agent (under Durable General Power of Attorney)
-Guardian (to the extent of financial responsibilities)
- Basic statutes, principles and requirements of fiduciary administration
- Summary of the court intervention concept and the issues that arise during trust administration that sometimes require court intervention
- Who can or should serve as a fiduciary
- Where to find materials and guidelines for various fiduciaries (including useful examples)
- Trustee Duties In-depth
-The trustee's duties defined and explained
-Written materials include a useful sample letter from counsel to a trustee of a newly funded trust, setting forth the basic duties of a fiduciary!
- Liabilities and Pitfalls Trustees May Encounter
-Liabilities of trustees who do not properly administer their estates
-Liability factors
-Unforeseen consequences of failure to adhere to required duties
-Pitfalls for the unwary
- Problems That Commonly Arise in Trust Administration
-Commonly encountered problems
-How the attorney and the court can become engaged in these problems
-When trustees seek (or should seek) assistance from counsel
-Asking the court for instructions
-Instructions the court may give that can protect the trustee from liability
Presented by the Honorable E. David Griffith, Colorado State Court Magistrate (Ret.), Chester H. (Skip) Morgan, II, Esq. and guest speakers
Video Replays: March 18, 2010
Denver: CLE Classroom, 1900 Grant Street, Suite 300
Grand Junction: 1250 East Sherwood Drive
Colorado Springs: 421 South Tejon Street, Suite 100
Location Information
CLECI Large Classroom
1900 Grant Street, Suite 300
Denver, CO 80203
Get directions
1900 Grant Street, Suite 300
Denver, CO 80203
Registration Fees
| Non Member | $199.00 |
| CBA | $179.00 |
| TRUST | $149.00 |
| New Lawyer | $129.00 |
| CBA | $129.00 |
- General Credits: 5.00
- Ethics Credits:
- EDI Credits:
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