SpeakersJohn OsbornVice President, Regional Trust Manager, Mechanics Bank
Emily SidesAssistant Vice President, Fiduciary Advisory Specialist, Wells Fargo
Herb ThomasPrincipal Fiduciary, Herb Thomas and Associates
ModeratorDeb KinneyPartner, Johnston, Kinney, and Zulaica LLP
The language we use to direct trust distributions matters. Come hear directly from practicing bank trustees to learn how the language we use in our trust distributions is interpreted and deployed. We will explore what language is necessary to effectuate the testator’s intent and wishes. Plus, we’ll discuss how corporate trustees and professional fiduciaries approach ascertainable standards, discretionary distributions, consideration of other resources and standard of living. And of course we’ll touch on HEMS - what does HEMS really mean when it comes to getting money from the trust?
Topics• An analysis of actual trust distribution language and how it is generally interpreted
• Will a HEMS standard accomplish your clients’ goals or frustrate them?
• How to capture the testator’s intent to better inform your trustees
• Practical insight and experience from bank trustees and private professional fiduciaries