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DTSTART:20170523T233000Z
DTEND:20170524T020000Z
LOCATION:SB University Club 
UID:1463220170523T233000ZDuties of an Individual Trustee (Eldest Son, Caretaking, Daughter, CPA, Attorney, etc.)
DTSTAMP:20260522T081941Z
DESCRIPTION:\nJosh Yager, Esq., CFP\n \nJosh is a fantastic guy that loves his wife, kids, biographies about dead generals and the somewhat wonky subject of investment governance best practice.\n \n \n \nTrustees can reduce their personal risk by creating a compliance library which demonstrates they have fulfilled each of their duties of care under the Prudent Investment Act. Developing this library demonstrates the trustee has acted prudently and in good faith which is a prerequisite to qualifying for the exculpation clause of the state statue. This library will include the documents which demonstrate the trustee has fulfill their statutorily defined obligations.\n \nParticipants will:\n - Understand the 5 central duties of care of a trustee: \n   1. - Duty to have a plan - §16047a\n \n               2. - Duty to balance risk and return - §16047b\n \n               3. - Duty to diversity - §16048\n \n               4. - Duty to pay only reasonable fees - §16050\n \n               5. - Duty to prudently delegate - §16052\n \n      B. - Identify a process for the development and maintenance of a fiduciary library\n \n      C. - Share “Best Practices” for fiduciary governance procedures\n \n      D. - Reduce trustee’s personal liability\n \n \n \nPlease RSVP by noon on Thursday May 18th, 2017 if you can attend the meeting and dinner, dinner only or unable to attend.\n \n \n \n \n \n \n \n \n
SUMMARY:Duties of an Individual Trustee (Eldest Son, Caretaking, Daughter, CPA, Attorney, etc.) - Santa Barbara Estate Planning Council 
PRIORITY:3
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DESCRIPTION:Reminder
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