Minimizing Fiduciary Risk and Litigation
Course Number: ABA
Course Code: ABA
Outlines risks associated with participation in the estate planning process, asset management, and fiduciary liability to third parties, and ways to mitigate risk in all situations. Describes ways to mitigate risks of self-dealing and prohibited transactions, and explores the risks associated with notice to beneficiaries and accounting and discretionary distributions.
Updated: February 2019
What You’ll Learn
After completing this course, students will be able to:
-Identify general types of trust litigation
-Describe situations that may contribute to risk exposure and ways to mitigate the risk
Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.??