Who is the Fiduciary? Traditional and Non-Traditional Roles in the Administration of Directed Trusts

Who is the Fiduciary? Traditional and Non-Traditional Roles in the Administration of Directed Trusts — CLE 90 min

This CLE will focus on the roles of directed trustees and trust directors in the administration of directed trusts, the extent of their respective responsibilities, and the extent of the liability they may each face.

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Available for credit

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Available for credit

1.50 credit hours

Available until:

07/25/2028

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2024

1.50 total credit hours including

Substantive Law

Status:

Available for credit

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2026

2.00 total credit hours including

General

Status:

Approved

2.00 credit hours

Available until:

12/31/2025

1.50 total credit hours including

General

Status:

Available for credit

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2025

2.00 total credit hours including

General

Status:

Self apply

2.00 credit hours

Available until:

01/25/2025

1.50 total credit hours including

General

Status:

Applied for

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

12/31/2023

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2025

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

07/25/2028

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2025

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

12/31/2023

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

07/25/2028

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

06/30/2024

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

07/25/2024

1.50 total credit hours including

General

Status:

Applied for upon completion

1.50 credit hours

Available until:

07/25/2025

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2025

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2026

1.80 total credit hours including

General

Status:

Available for credit

1.80 credit hours

Available until:

07/25/2028

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

07/25/2025

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

12/31/2026

1.50 total credit hours including

General

Status:

Available for credit

1.50 credit hours

Available until:

07/25/2026

1.80 total credit hours including

General

Status:

Reciprocity

1.80 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2028

1.50 total credit hours including

Areas of Professional Practice

Status:

Approved

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

12/31/2023

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

12/31/2023

2.00 total credit hours including

General

Status:

Approved

2.00 credit hours

Available until:

07/25/2026

1.50 total credit hours including

Substantive

Status:

Available for credit

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2025

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2025

1.50 total credit hours including

General

Status:

Available for credit

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

12/31/2023

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2024

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

06/30/2024

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2026

1.80 total credit hours including

General

Status:

Approved

1.80 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Applied for

1.50 credit hours

Available until:

10/31/2023

1.50 total credit hours including

Law & Legal Procedure

Status:

Approved

1.50 credit hours

Available until:

07/25/2028

1.80 total credit hours including

General

Status:

Approved

1.80 credit hours

Available until:

07/25/2026

1.50 total credit hours including

General

Status:

Approved

1.50 credit hours

Available until:

07/25/2024

1.50 total credit hours including

General

Status:

Self apply

1.50 credit hours

Available until:

07/25/2026

$00

NON-MEMBERS

$00

MEMBERS

$00

SECTION MEMBERS

$00

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The discussion will include:

Is the trust director a fiduciary? What is the extent of the director's liability?
Is the duty to follow the director absolute?
Can the directed trustee reduce their own liability for bad decisions of the director by keeping the beneficiaries informed?
What does keeping them informed look like? Does it include accounting if the directed trustee isn't responsible for decisions about investments or distribution?
Should the director reduce liability by keeping the beneficiaries directly informed - for example by sending statements?
What specific types of powers can a grantor assign to a director? Is there any limitation on the power that a grantor can instill in their trust director?
Is the director entitled to commissions or some other form of compensation?
The power to "direct" traditional trustee roles of a trustee vs. the power to "protect" the trust by exercising a power that is not traditionally held by a trustee.
A review of the model law under the Uniform Trust Code governing directed trusts and the Uniform Directed Trust Act, as well as the adoption of that model law.

The ABA will seek 1.5 hours of CLE credit in 60-minute states, and 1.8 hours of CLE credit for this program in 50-minute states. Credit hours are estimated and are subject to each state's approval and credit rounding rules. Please visit www.americanbar.org/mcle for general information on CLE at the ABA.

Speakers

Adam M Ansari, Daniel Stephen Ebner, Melissa Osorio Dibble, Timothy M Ferges

Sponsors

Section of Real Property, Trust and Estate Law

Product Code

RP2307TWFOLC

Duration

90

Publication Date

7/26/2023 12:00:00 AM

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