PPT-Welcome to Trustee Financial Management

Welcome to Trustee Financial Management Training Sunday April 7 2019 Trustee Student Organization Financial Programs Services and Initiatives TSOS Financial vs SABS TSOS SU309 Student Activities. Introduction. Basic Idea. . Settlor. . Legal Equitable. Interest Interest. . Trustee Beneficiary. Sources of Trustee’s Powers. 1. Trust Instrument. Sources of Trustee’s Powers. 2. Trust Code. §§ 113.001-113.029. Sources of Trustee’s Powers. 3. Granted by Equity (Implied Powers). § 113.002 – “necessary or appropriate”. and Co-Trustees. b. y. Carol A. Cantrell. Common Disputes. Discretionary distributions under HEMS . Ambiguous trust . provisions. Unsigned trust agreements. Nonjudicial. settlement agreements. Divorce of the co-trustees. Presentation to CAIRP. Halifax, N.S.. May 16, 2016. 1. Debtor Compliance Program. Useful to Trustees:. Permits investigation when estates have little/no funds. May reveal assets/transfers/transactions not disclosed by Debtor to Trustee. 1. Money Damages (trustee not in breach) -- § 114.001. Any profit through or arising out of the administration of the trust.. Exception for trustee’s compensation. 1. Money Damages (trustee in breach) -- § 114.001. Standing to enforce. Must be “interested person”. Beneficiary. Trustee. Attorney general (charitable trusts). Others affected by the trust?. Necessary Parties. Must determine under state law the parties who MUST be involved with the lawsuit.. NC Association of Community College Trustees. April 9, 2015. So Who is Being Sued?. The Trustees of Community College ("Board"). Trustees in their Individual Capacity ("Trustee"). Board Liability. N.C.G.S. § 115D-14 . Clause. © Charles Tabb 2010. What is “avoidance”?. Set aside, invalidate. A transfer by or obligation of Dr. Based on one of the powers given trustee in 544-549. Effects: Avoid outright transfer. Setting the scene for DB . Janet Brown, Partner. PMI Trustee Seminar: 2017 a year of controversy, evaluation and change. 2. What developments are we going to cover?. 3. DB look back in anger? 2016. PMI Trustee Seminar: 2017 a year of controversy, evaluation and change. Training. Friday, April 9, 2017. SABO. Student. Activities Business Office. What is SABO? . WHO. Storrs Trustee/Tier III Organizations. Regional Trustee Organizations . Storrs Tier II Organizations. Texas does . not. require regular accountings.. Some states . require. annual accountings even without beneficiary request or court order.. 2. Who may request an accounting?. 1. Beneficiary -- § 113.151(a). Thisagreeentmade andentered intoandbetweenFaye D. English,ChapterStandng Trustee (hereinafterreferredTRUSEE),and(enter name user)(hereinafterreferred The Trustee isdulyappointedpterStandingTruste for Attorneys must submit all documents via EPIQ DOCUMENT DELIVERY SYSTEMS Do not mail or fax any documents unless you have contacted and received permission from the Trustees assistant If you do not ha ABAR. . Tabitha . Croscut. , Esq. . Dawn . Goestenkors. Agenda.  . ESOP Transaction . Timeline. Parties . involved in an ESOP Transaction. Trustee Role . Financial Advisor Role. Fairness Opinion Considerations.