Building productive relationships with beneficiaries and other parties in trusts
Relationship management is a key skill area for professional trustees to manage relationships between co-trustees, beneficiaries, settlors and their advisers.
Trusteeship is as much a relationship game as it is a technical game. That’s because when problems arise in trusts, they often stem from breakdowns in relationships between trustees and beneficiaries, or between co-trustees.
Many trustees consider one of their biggest risks in the role is a disgruntled beneficiary. There’s no doubt that managing a fractured relationship can easily become a time-consuming challenge for any trustee.
The draft Trusts Bill signals further change is ahead. The draft legislation clearly puts trustees on notice by:
With those changes in mind, what steps can diligent professional trustees take to review and enhance their existing relationships within trusts?
This webinar will explore the nuances of the various relationships trustees must manage and provide practical strategies for:
3 July 2018
Accountants, lawyers, professional trustees and professional advisers who want to initiate conversations to reset the terms of engagement for existing trust appointments or capture opportunities to better assist clients with the trusteeship or estate planning needs.
Lyndsay Pope, Principal, Trustee Support Ltd
1.25 CPD hours