Cannon Estate Planning Teleconference: Best Designs for the Exercise of Discretion by a Trustee

The heart of trust administration is the Trustee’s thoughtful exercise of discretion. Clients and their estate planners rely heavily on the core concept that Trustees will follow carefully applicable trust law and parameters established in the governing instrument in making subjective decisions that will promote the best interests of the beneficiaries. In this teleconference, we will examine various options for conferring fiduciary discretion consistent with the client’s objectives and good practice, including the following:

• Designing Discretionary Distribution Language
• Incentive Trust Approaches
• Language That Confers Appropriate Investment Flexibility on the Trustee
• Drafting and Defending Reliance on Exculpatory Clauses

To ensure the health and safety of all participants, the Cannon Estate Planning Series will be offered VIRTUALLY ONLY.

About Cannon Estate Planning Teleconferences

The industry’s foremost wealth management and estate planning authorities provide commentary and debate over the use of complex financial and legal strategies to best serve their high-net-worth clients. Time is reserved at the beginning of each call for the most current legislative changes impacting the audience and their clients.

Professionals can connect and collaborate on relevant issues while earning continuing education and learning credits to preserve their valuable business credentials.