The Case for the Selection of Professional Fiduciaries

This program will benefit practitioners servicing private clients and assisting clients in the preparation of estate planning documents wherein they are selecting fiduciaries to serve as executors and/or trustees.  The program is aimed primarily at experienced attorneys servicing high-net-worth and ultra-high-net-worth clients who have sophisticated needs for tax planning, asset protection, and the management of family wealth.

The program will discuss the various duties and responsibilities of a professional fiduciary, when and why the selection of professional fiduciaries is warranted, and will ultimately make the case that professional fiduciaries - although sometimes more costly than other alternatives - are the favorable selection.

Learning Objectives:

1. Identify the role of a professional fiduciary 

2. Analyze the benefits available through the use of a professional fiduciary 

3. Analyze the tax consequences of utilizing a professional fiduciary

4. Discuss the practical implications of a professional fiduciary for clients

5. Make a case for the selection of professional fiduciaries