A Comprehensive Guide for Legal and Financial Professionals
The course titled "Advanced Trust Administration Techniques" offers comprehensive insights into the intricacies of trust management, targeting legal professionals, particularly attorneys and solo practitioners. Divided into several parts, the course delves into the evolving landscape of legal practice amidst demographic shifts, emphasizing the growing need for trust administration expertise. It covers essential topics such as the misconceptions surrounding trusts, the role and selection of trustees, investment decisions within trusts, and specialized trusts like special needs and dynasty trusts. Moreover, the course addresses the complexities of modifying irrevocable trusts, ethical considerations and conflicts in trust management, and trustee compensation dynamics. Through detailed exploration and practical advice, this course equips legal practitioners with the knowledge and strategies necessary to navigate the challenges of trust administration effectively and ethically, catering to the diverse needs of their clients in estate planning and wealth management.
Topics List:The Changing Landscape of Legal Practice and Demographic Shifts
Misconceptions and the Importance of Trusts
Selecting a Trustee: Considerations and Implications
The Role and Selection of Trustees
Utilizing Checklists and Resources for Trustees
Advice for Beneficiaries and Trustees
Investment Decisions and Prudent Investor Rule
Advisory for Trustees and Practitioners
Navigating Trustee Removal and Fiduciary Breaches
Consequences and Considerations for Breaches
Advisory for Trustees and Beneficiaries
Special Needs Trusts: Accessibility and Financial Support
Supplemental Needs Trusts: Enhancing Quality of Life
Dynasty Trusts: Generational Wealth Preservation
Revocable vs. Irrevocable Trusts: Flexibility and Constraints
Mechanisms for Modifying Irrevocable Trusts
Challenges and Considerations in Trust Modification
Advisory for Settlors and Trustees
Navigating Ethical Pitfalls and Conflicts in Trust Management
Chief Fiduciary Officer & Wealth Strategist at Wealthgate Trust
Aaron Hegji assists ultra-high-net-worth clients and their advisors with developing, implementing, and properly administering unique estate planning strategies. He has over a decade of experience handling trust administration, trust planning, and tax planning matters. Aaron loves solving new and complex challenges, which makes the intersection of wealth and business with the tax code perfect for him. His clients appreciate his dedication to conveying complicated legal solutions they are comfortable with the path they choose. Before joining Harrison LLP, he was tax planning counsel for Lobb & Plewe LLP and ERISA and tax counsel for Hutcison & Steffen. He has represented several major trust companies and currently serves on several boards involving the retirement industry and developing the Trusts and Estates programs in Nevada and its universities. Lastly, separately from his practice at Harrison LLP, Aaron is Wealth Strategist and Chief Financial Officer of Wealthgate Trust Company, a boutique multi-family trust company for UHNW entrepreneurs. Aaron enjoys taking his family overlanding in the Southwest, writing fiction, and Seinfeld or The Office trivia.
