This program provides invaluable insights into the complexities of managing disbursements within trust administration, with a focus on special needs trusts.
Delving into the intricacies of fiduciary responsibilities and legal considerations, this resource equips trustees and administrators with strategic approaches to efficiently navigate disbursement challenges. From balancing beneficiaries’ needs and desires to complying with regulatory frameworks, this guidance ensures prudent decision-making to safeguard trust assets and uphold the trust’s objectives effectively.
This discussion addresses fiduciary responsibilities in trust distribution, distribution policies for fiduciaries, communication and transparency, regulatory compliance, risk management, and tax considerations in trust disbursements.
Presented by:
BEN TIEFENBACK,
Juris Doctor, LL.M
Counsel & Director of Client Services,
Commonwealth Community Trust