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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
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:
Recommended for:
This online CPE webinar is recommended for trustees, CPAs and professional advisors working with trusts.
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.
Principal, Anodos Advisors
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.
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.
131 Ratings
MB
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
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
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
May 11th, 2021
Presenter did an excellent job. Clear voice with great examples. Need more like him.
MEM
Jul 23rd, 2021
Great presentation, very relevant and interesting
1 Credit
Subject Area
Aug 12, 2022 | 11:00 AM EDT
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