Avatar

EXPENSE PAYMENTS: WHAT SHOULD A TRUSTEE KNOW BEFORE THEY PAY? HOW SHOULD THE EXPENSES BE ALLOCATED?



Friday November 9

3:00 PM ET - 4:00 PM ET

Have you ever wondered what goes into a trustee’s decision to pay a bill?  It’s not just a question of money.  Like every discretion exercised by a trustee, it is a weighing of options and a balancing of duty v. prudence.
This presentation will discuss:

  1. The derivation of the trustee’s power and its duty to preserve trust property
  2. How does fiduciary ownership intersect with the power to pay expenses?
  3. What are the common administrative expenses?
  4. What are the limitations of the power to repair or improve property, employ agents, and engage agents at the trust’s expense?
  5. What are costs of litigation should be borne by the trust, the trustee or the beneficiaries?
  6. Risk mitigation to insure against improper trust expense management.
  7. What does the Uniform Principal and Income Act say about the proper allocation of expenses to principal and income?
  8. How can a trustee determine what law applies to the allocation of principal and income in this particular trust; and
  9. What unique situations arise when paying trust expenses and how can a trustee navigate these concerns prudently.
  • An analysis of the various types of expenses incurred by trusts;
  • Discussion regarding how to handle services engaged by a co-fiduciary;
  • Discussion regarding when a third-party direction may be needed for certain expenses;
  • A discussion regarding when it is appropriate for the trustee to pay its expenses from the trust fund; and
  • A discussion regarding the allocation and apportionment of trust expenses.

    There will be no CE for this webinar


    For those who have a conflict with the date/time, The session will be recorded. Simply register and you will have unlimited access to the recording.

    Although they are scheduled for a particular time and date - once purchased - they can be viewed at ANY TIME!.

  • If you are not a LISI member please use the Buy Now Button below to pay the non-member price of $129.

    Registrant Email

    After you pay you will be sent a link with the registration information. If you have any questions, please contact webinaradmin@leimbergservices.com

    NOTE: To pay using a credit card, use the botton labeled
    "Pay with Debit or Credit Card" after clicking the Buy Now button below.

    If you are a LISI member, please login below to receive the member price of $99 for this webinar.

    Forgot Password?

    To become a LISI member Click Here

    Cynthia D. M. Brown is the President of Commonwealth Trust Company and a member of its Board of Directors. Cindy has more than fifteen years of experience in the areas of trust administration, estate planning and tax. Her responsibilities include business development as well as oversight of trust administration, trust operations and compliance. In addition, Cindy is an active member of the Delaware State Bar Association Trust Act Committee, which drafts annual revisions to the Delaware Code.
    Prior to joining CTC, Cindy worked at a large Philadelphia law firm, where, among other things, she administered estates and trusts, drafted sophisticated estate planning documents, prepared and reviewed Federal and State death tax returns, and prepared and reviewed fiduciary accountings. Cindy’s experience also includes over eight years as an estate and trust paralegal with both large Philadelphia law firms and a local private practice in Delaware County, Pennsylvania. In law school, Cindy served as the Blue Book Editor of the Widener Law Review and received several achievement awards in the area of Federal Estate and Gift Taxation and Planning. Cindy is active in many professional organizations and community leadership and currently serves on the Board of Directors of the Delaware CarePlan, Inc. and the Delaware Bankers Association.
    She can be contacted at: cbrown@comtrst.com, (302) 658-7214, Ext 177



    Avatar

    Steve Oshins

    October 19, 2018 3:00 PM EDT - 4:30 PM EDT ET

    Life Insurance Industry’s Biggest Problem now that there are Fewer Life Insurance Trusts: The Creditor Tsunami

    More Info
    Avatar Avatar Avatar Avatar

    Jerry Hesch, Alan Gassman, Ed Morrow and Marty Shenkman

    October 23, 2018 12:30 PM EDT - 2:00 PM EDT ET

    Proceedings from the 44th Annual Notre Dame Tax & Estate Planning Institute

    More Info
    Avatar

    Bob Keebler

    October 24, 2018 3:00 PM EDT - 6:00 PM EDT ET

    Two Keebler 199A Webinars for the Price of One! - A Special Re-Broadcast of Bob's 8/15 and 9/21 Webinars - 180 minutes.

    More Info
    Avatar Avatar

    Christopher Cahill & Timothy Borchers

    October 25, 2018 11:30 AM EDT 1:00 PM EDT ET

    Second Home Savvy

    More Info
    Avatar

    James P. Weller, JD, LL.M

    October 26, 2018 3:00 PM EDT - 4:00 PM EDT

    INVESTING IN QUALIFIED OPPORTUNITY FUNDS

    More Info
    Avatar Avatar

    Bob Keebler and Michael Geeraerts

    October 31, 2018 3:00 PM EDT - 4:30 PM ET

    Finding the 199A Sweet Spot

    More Info
    Avatar

    Paul Hood

    November 01, 2018 3:00 PM EDT 4:30 PM EDT

    It’s Not Ozzie and Harriet: Estate Planning for Modern Families

    More Info
    Avatar

    Paul Hood

    November 08, 2018 3:00 PM EDT 4:30 PM EDT

    Do You Trust?-The Anatomy of a Trust:

    More Info
    Avatar

    Cynthia D.M. Brown

    November 9, 2018 3:00 PM ET - 4:00 PM ET ET

    EXPENSE PAYMENTS: WHAT SHOULD A TRUSTEE KNOW BEFORE THEY PAY? HOW SHOULD THE EXPENSES BE ALLOCATED?

    More Info
    Avatar

    Bob Keebler

    November 15, 2018 2:00 PM EDT - 3:30 PM EDT ET

    199A and Specified Service Businesses

    More Info
    Avatar

    Alan Gassman

    November 16, 2018 3:00 PM EDT - 4:00 PM EDT ET

    Dynamic Planning Strategies for the Well Informed Advisor

    More Info
    Avatar

    Paul Hood

    November 29, 2018 3:00 PM EDT 4:30 PM EDT ET

    Tour of Estate/Charitable Planning Tools & Techniques-From Meat & Potatoes To Cutting Edge

    More Info
    Avatar

    Chuck Rubin

    November 30, 2018 3:00 PM ET - 4:30 PM EDT ET

    Florida Homestead Law Made Easy – Well, At Least Easier

    More Info
    Avatar

    Bob Keebler

    November 30, 2018 1:00 PM EDT - 2:30 PM EDT ET

    Do's and Don'ts of Estate Planning

    More Info
    Avatar

    Paul Hood

    December 6, 2018 3:00 PM EDT 4:30 PM EDT ET

    Planning for the Surviving Spouse

    More Info
    Avatar Avatar

    Alan Gassman, Chris Denicolo

    December 7, 2018 3:00 PM EDT - 4:30 PM EDT ET

    10 Biggest IRA-Trust Mistakes

    More Info
    Avatar

    Bob Keebler

    December 14, 2018 3:00 PM EDT - 4:30 PM EDT ET

    Year-End Proactive Planning Ideas

    More Info
    Avatar

    Bob Keebler

    December 20, 2018 3:00 PM EDT - 4:30 PM EDT ET

    Choice of Entity Planning

    More Info
    Avatar

    Bob Keebler

    December 21, 2018 3:00 PM EDT - 4:30 PM EDT ET

    Tax Planning for Seliing a Business

    More Info
    Avatar

    Mike Jones

    January 4, 2019 3:00 PM EDT - 4:30 PM ET ET

    Significant Recent Estate, Gift and Generation-Skipping Transfer Tax Developments Affecting Estate Planning and Administration

    More Info