Your firm may use some of the most sophisticated tools available to establish a strong estate plan for your client, but the true test of that plan comes with its implementation. In order to bring all your carefully laid plans to fruition, you need to be up to speed on the issues you may face when called on to administer an existing trust. Don't miss this opportunity to strengthen your knowledge and skills. This fundamental overview will provide you with the solid foundation you need to successfully administer trusts. Order today!

1. The Laws and Rules Governing Trustees
2. Non-Monetary Aspects of Trust Administration
3. Keeping the Books – Accounting in Trust Administration
4. Tips for Recession-Proofing the Trusts
5. Overcoming Ethical Challenges
6. Essential Steps in Trust Termination

Continuing Education Credits:   

* denotes specialty credits

1. THE LAWS AND RULES GOVERNING TRUSTEES
   8:30 - 9:50, Marianna W. Putnam Liddell
1. Principal and Income Act
2. Trust and Trustees Act
3. Uniform Prudent Investor Act
4. The Powers of the Trustee
5. Duties and Responsibilities of the Trustee
6. Liabilities of the Trustee
7. Effectively Conveying to the Trustees What Their Duties Are
2. NON-MONETARY ASPECTS OF TRUST ADMINISTRATION
   9:50 - 10:15 and 10:30 - 11:15, D. Kelley Young
1. Initial Notices and Actions
2. Conducting Inventory of Assets
3. Modifying the Trust Documents and Changing Situs
4. Reporting to the Beneficiaries
5. Resolving Disputes
3. KEEPING THE BOOKS – ACCOUNTING IN TRUST ADMINISTRATION
   11:15 - 12:15, William Becker
1. Investment Decisions and the Prudent Investor Rule
2. Practical Tips for Valuing the Assets
3. Special Considerations in Managing Diverse Assets
4. Funding the Trust
5. Effective Communication With Creditors
6. Increasing/Decreasing Distribution Amounts
7. Complying With Taxation Requirements
1. Income Tax
2. Gift Tax
3. Capital Gains Tax
4. State and Federal Estate Tax
5. Generation-Skipping Transfer Tax
4. TIPS FOR RECESSION-PROOFING THE TRUSTS
   1:15 - 2:15, Michele Del Tergo
1. Impact of Interest Rates on the Trusts
2. To Change or Not to Change? Timing Considerations in Adjusting Trusts
3. Short-Term vs. Long-Term Planning
4. Adjusting QPRTs to the Falling Real Estate Values
5. Valuation and Discount Issues
6. The Effect on Hedge Funds, Private Equity
7. Managing GRATs and IDGTs
5. OVERCOMING ETHICAL CHALLENGES
   2:15 - 3:15, Marianna W. Putnam Liddell
1. Identifying the Client
2. Additional Challenges That Lawyer-Trustees Face
3. Handling the Client's Diminishing Capacity
4. Determining and Collecting Attorney Fees
5. Conflicts of Interest Between Settlor, Spouse, Trustee, Beneficiaries, Settlor's Heirs, Creditors and Any Combination of the Above
6. ESSENTIAL STEPS IN TRUST TERMINATION
   3:30 - 4:40, D. Kelley Young

WILLIAM BECKER is an investment solutions specialist with Key Private Bank. He works with individuals and families to grow, preserve and protect their wealth through objective advice and strategic financial solutions. Before creating an investment or trust strategy, he meets extensively with his clients in order to understand their unique positions and goals. Then, Mr. Becker assembles a team of financial professionals to create and implement plans that address the particular needs and circumstances of individuals, families and businesses. He then monitors each plan on a regular basis to help ensure maximum effectiveness. Mr. Becker brings previous experience to Key Private Bank from Edward Jones, where he was a financial advisor. He earned his B.A. degree in international business and economics from Mount Union College. He is on the Board of Directors for the Portland Community Chamber.

MICHELE DEL TERGO is a senior vice president and senior portfolio manager of Key Private Bank. He joined Key Private Bank after a 5-year appointment as a U.S. based economist to the Canadian Consulate General in New York City. He earned his B.S. degree in business administration from Boston University School Management, as well as his M.B.A. from Northeastern University. Mr. Del Tergo has more than 20 years of experience in capital markets and investing, including private banking, brokerage, direct investments and international economic analysis. His current responsibilities include, securities analysis and portfolio construction and management. He is a member of The Chartered Alternative Investment Analyst Association®. He has earned the chartered financial analyst designation from the CFA Institute, as well as the CTFA designation from the Institute of Certified Bankers.

MARIANNA W. PUTNAM LIDDELL is an attorney in Pierce Atwood LLP in the trusts & estates practice group. Her legal practice includes estate planning, estate and trust administration, and charitable gift planning. Prior to joining the trusts & estates practice group, Ms. Liddell practiced in the firm's state & local tax group. She joined Pierce Atwood LLP in 2003. Ms. Liddell earned her B.A. degree, cum laude, in anthropology and her M.Ed. degree in student development in higher education from the University of Maine. She earned her J.D. degree, magna cum laude, from Boston College Law School, where she was senior executive editor of the International and Comparative Law Review and a member of the Order of the Coif. She is a member of the Maine Estate Planning Council; the Maine Medical Center's Planned Giving Committee; and the American, Maine State and Boston bar associations. Ms. Liddell is admitted to practice in Maine and Massachusetts.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com