Did you know? Roughly 75% to 80% of clients still name a family member or friend as trustee when their trusts become irrevocable. However, as family structures become increasingly complex, particularly in blended families or multigenerational households, the risk of disputes and lawsuits rises dramatically.
According to a 2022 Cerulli Associates study, fewer than 15% of financial advisors actively guide clients in selecting appropriate trustees, despite the fact that trustee mismanagement is a top cause of trust litigation. Many lawsuits stem from advisors unknowingly taking direction from individual trustees who may be unprepared or biased, putting the advisor’s fiduciary duty and reputation at risk.
------------
We invite you to join our 15-minute webinar, where we demystify this process and provide you with actionable tools to help you deepen your client relationships.
📅 Date: Monday, June 23rd at 2:30 PM CST
⏰ Time: 15 minutes
📍 Where: Sign Up
** Sign up, and if you are not able to attend, we will send you a copy of the slides and the webinar recording**
Disclosures Please be advised that nothing in this newsletter may be interpreted as legal advice specific to any one individual or situation. For specific recommendations that pertain to you, it’s best to consult with a legal advisor.
