(Hybrid)
8:30AM Welcome & Announcements
8:40AM Presentation Topic | Why and When to Utilize a Trust Officer Presenter | David S. Banas, J.D. of Huntington Private Bank
9:40AM Adjourn
This program has been filed with the Ohio Department of Insurance for 1 CE.
Summary/Overview: It has become more common in estate planning to name a family member or other personal advisor as Successor Trustee of Revocable Living Trusts. In some cases, this is the most economical, efficient, and practical choice. But with changes on the horizon related to estate, gift, and generation skipping transfer taxes, as well as cultural and societal shifts, utilizing a corporate trustee can provide an unbiased, one-stop administrator of complex trusts that can save time, avoid duplicative expenses, ensure adherence to both the trust and internal revenue codes, and extinguish future liability as funds are distributed to the beneficiaries. A corporate trustee provides professional management and peace of mind knowing that the burden of trust administration will not be laid upon family members.
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