How much is too much to pay a trustee

  • Accountant
  • CPA (CA)
  • CPA (US)
  • CPA/PFS
  • TEP
  • CSA
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Few trustees have a good answer to the question “How much should I be paid”. Their professional advisors often disagree. Some say an hourly rate, some say a percent of the trust assets, and others say a flat retainer. Due to this general lack of agreement, few can provide a thoughtful or comprehensive explanation of why they are getting paid what they are. Not surprisingly, many beneficiaries and their professional advisors frequently object to whatever the answer may be. Disagreements about the trustee’s compensation are exacerbated during periods of heightened financial uncertainty. This presentation seeks to provide a road map for both trustees and beneficiaries, of how to answer the ubiquitous question, “How much should a trustee be paid?” 

This online CPE webinar answers the following questions:

  • Should I charge an hourly rate and if so in what amount?
  • Should I charge a percentage of the trust portfolio as the corporate trustees do?
  • If I delegate investment duties to a third party, should my fee go down?
  • Can I charge more if I serve a particularly “high demand” beneficiary?
  • How do I determine what the “custom in the community” is?
  • Is there any statutory guidance on what my fee should be?

Recommended for:

This online CPE webinar is recommended for trustees, CPAs and professional advisors working with trusts.

Learning Objectives

  • What factors are to be considered as part of a trustee’s compensation analysis?
  • How do local rules of court effect a trustee compensation analysis?
  • Review of Corporate trustee fees as guidance for individual trustee fees.
  • Where are Extraordinary Fees appropriately charged/awarded?

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • Certified Public Accountant (CPA)
  • Certified Senior Advisor
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Estate Planners
  • Personal Financial Specialist
  • Qualified Associate Financial Planner
  • Trust & Estate Specialist
  • Trust & Estate Tax Professional
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Specialized Knowledge for Certified Public Accountants (CPA-US)
  • 1 CE Credit for Certified Senior Advisor (CSA)
  • 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 1 CPD Credit of Fundamental Financial Planning Concepts for Personal Financial Specialist (PFS)
  • 1 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Josh Yager is a recognized expert on the management and oversight of trust assets. He lectures and writes extensively on the policies, procedures, and practices for the prudent administration of trusts. He has been invited to speak to various Bar associations, CPA chapters, estate planning councils, Professional Fiduciary Association forums and AICPA national events. Josh has testified on prudent governance practices before in the California Courts, the Texas Pension Review Board and the Alaska Retirement Management Board. Josh has led governance consulting engagements for the boards of public pension funds responsible for assets in excess of $30b, foundation and endowment boards with assets in excess of $250m and for individual trustees with modestly funded trusts.

About Company

Anodos Advisors

anodosadvisors.com/

Anodos has been providing fiduciary governance consulting to trustees since 2005, helping trustees reduce their personal risk and fulfill their fiduciary duties by developing and maintaining governance policies, procedures and practices which demonstrates the trustee has fulfilled each of their duties of care. Frequent areas of engagement include trustee fee studies, independent audits of investment managers/consultants, manager search engagements, expert testimony regarding trustee’s duties of care, performance audits (benchmarking studies), litigation and trial preparation.  What makes Anodos unique is that governance consulting is all that we do. We do not manage money, sell insurance, or receive referral fees. Truly independent evaluation and governance support is all we do. We don’t have a horse in the race.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

131 Ratings

Excellent

76

Very Good

48

Average

7

Poor

0

Terrible

0

MB

Marlene Baker, CPA (US)

Apr 29th, 2021

This webinar was very interesting and informative. I didn't realize the scope of what this topic would cover. I definitely have a better understanding of what could go into deciding a reasonable amount to charge someone to be a trustee.

CZ

Christine Zalghout

Jul 24th, 2021

It was very informative. He directed us to steps on each particular topic. He covered why, what, and how. I was very pleased with the information and can use this in the near future.

JD

Joann Dilley, Accountant

Apr 30th, 2021

This presentation gave factors to help determine how much a trustee should be paid. The ideas presented here were clear and informative.

RS

Robert Starr, CPA (US)

May 11th, 2021

Presenter did an excellent job. Clear voice with great examples. Need more like him.

MEM

Mary Ellen Morris, CPA (US)

Jul 23rd, 2021

Great presentation, very relevant and interesting

How much is too much to pay a trustee

FREE

1 Credit

Subject Area

Specialized Knowledge

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