PNC: Repair or Replace? The Deficient Trustee - 11/12
PNC's Private Bank is inviting you to attend Cannon Estate Planning Teleconference in person.
2024 Teleconference: Repair or Replace? The Deficient Trustee
Tuesday, November 12, 2024
12:00 pm – 1:30 pm
PNC Bank
3201 W. White Oaks Dr., Suite 100B
Springfield, IL 62704
Summary of Teleconference:
Unfortunately, some trusts, even where the administrative and dispositive provisions are well-designed, fail to operate as intended because the Trustee lacks the ability to be an effective fiduciary. The Trustee's problems may result from his or her having insufficient trust administration expertise and/or a confrontational attitude towards one or more of the beneficiaries. Depending on the nature and extent of the Trustee’s shortcomings, resolving the situation may prove difficult. Considerations to be discussed in this teleconference include:
Speakers will address:
Determining whether one or more breaches of fiduciary duty have been committed
How to proceed if no actionable breach of duty has occurred
Possible options for improving quality of administration or relationship with beneficiaries
Removal and replacement of Trustee