Watch Now!
Recording and Slides are Available Here

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


    Bob Keebler

    June 20, 2019 1:00 PM EDT - 2:30 PM EDT ET

    The End is NEAR for Stretch IRA - How to SIMULATE the BENEFITS for your clients.- A Special Re-Broadcast

    More Info

    Bob Keebler

    June 20, 2019 3:00 PM EDT - 4:30 PM EDT ET

    Mathematics of Portability: Wealthy Clients: Tax Issues, Portability & taking advantage of the increased exemptions, and other crucial estate document provisions to ensure optimum planning for high net worth clients.

    More Info

    Andy DeMaio

    June 21, 2019 1:00 PM EDT 2:00 PM ET ET

    Practical Estate Planning for Digital Assets under RUFADAA - A Special Re-Broadcast

    More Info
    Avatar Avatar

    Bob Keebler and Michael Geeraerts

    June 21, 2019 3:00 PM EDT - 4:30 PM ET ET


    More Info
    Avatar Avatar Avatar

    Brandon Ketron, Christopher J. Denicolo and Kenneth J. Crotty

    June 27, 2019 3:00 PM EDT - 4:30 PM EDT

    Estate Planning Mathematics and How It Impacts Strategy Selection and Use

    More Info

    Steve Oshins

    June 28, 2019 3:00 PM EDT - 4:30 PM EDT

    2019 Dynasty Trust Update: For Attorneys, Accountants and Financial Advisors

    More Info

    Steve Oshins

    August 09, 2019 3:00 PM EDT - 4:30 PM EDT

    Estate Planning for Large Estates

    More Info
    Avatar Avatar Avatar

    Howard Zaritsky, Marty Shenkman, Sandy Glazier

    August 23, 2019 1:00 PM EDT - 2:30 PM EDT

    Defensive Practices Because Nothing Is Safe: How Practitioners in All Fields Can Be Safer and Reduce Malpractice Risks

    More Info