Why Individual Trustees are Less Than an Optimal Choice
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REGISTRATION FOR THIS EVENT IS CLOSED
WALK-INS ARE NOT GUARANTEED A MEAL
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LUNCHEON PROGRAM
THURSDAY, OCTOBER 3, 2024
NORTHWOOD CLUB
6524 Alpha Road, Dallas
(Lunch is served Noon-12:30; Program 12:30-1:30 P.M.)
RESERVATION DEADLINE: PAYMENT MUST BE RECEIVED BY SEPTEMBER 25 (5:00 P.M.)
REGISTRATION WILL NOT BE AVAILABLE AFTER THE REGISTRATION DEADLINE
WHY INDIVIDUAL TRUSTEES ARE LESS THAN AN OPTIMAL CHOICE
Christopher Holtby
Sponsored by Hancock Whitney and Carter Financial Management
The presentation focuses on the pitfalls of appointing individual trustees to manage trusts, stressing that a staggering 95% of trusts, managing at minimum, at least $18.3 trillion, are currently overseen by individuals who lack the requisite knowledge and expertise. It critiques the common practice of appointing family members or professionals as trustees, highlighting their significant time constraints and limited resources, which often lead to inadequate trust management. The presentation advocates strongly for the use of corporate trustees, citing their professional capabilities, regulatory oversight, and resource availability that significantly surpass what individual trustees can offer. The inherent risks of personal liability and conflicts of interest associated with individual trustees are also emphasized, contrasting these with the stability and accountability provided by corporate trustees. Christopher Holtby is a co-founder of Wealth Advisors Trust Company, an administrative trust company based in South Dakota. After leaving Ernst & Young, he and four others founded an advisor-friendly trust company. He has authored several peer-reviewed journal articles on the trustee industry. He is working towards a Master's in History at Harvard University.
There is continuing ed credit pending for this presentation. The presentation will be posted on the website document library a few days prior to the presentation.
Please register online with a credit card payment on the website: scroll down to the bottom of the page and register. LOG IN IS NOT REQUIRED TO REGISTER. If you need a receipt, print out the confirmation page (receipt will not be sent to a 3rd party).
WE WOULD LIKE TO THANK OUR MEETING SPONSORS: Armanino, Bessemer Trust Company, Carter Financial Management, Communities Foundation of Texas, Frost Bank, HighGround Advisors, Mercer Advisors, The Catholic Foundation, Heritage Auctions, The Dallas Foundation, Hancock Whitney Bank, Security National Bank, Saville, McBride & Associates at Merrill Lynch Wealth Management and EisnerAmper. WE WOULD LIKE TO THANK OUR PATRONS: Davis Stephenson, Argent Trust, Glast Phillips Murray, Stout, Carr Riggs & Ingram, View Capital Advisors, Neuhoff Hunt, Phillips, Huselton, Morgan & Maultsby, Prosperity Bank, Bank of Texas, Maus & Associates, When Pigs Fly Estate Sales & Auctions, American National Bank & Trust, Signet Art, Tarleton Law Firm and Matter Family Office, Bisignano Harrison
IMPORTANT: PLEASE READ BELOW!
THE CONTINUING EDUCATION SUBMISSION LINKS ARE DISPLAYED IMMEDIATELY WITH THE REGISTRATION CONFIRMATION. SIGN-IN SHEETS WILL NOT BE AVAILABLE AT THE MEETING. SUBMIT ATTENDANCE AFTER THE MEETING WITH THE LINKS. SUBMISSION DEADLINE: 10/8/24. RECOMMENDATION: SAVE THE LINKS IN A FILE FOR EASY ACCESS.
PLEASE NOTE SPECIAL MEAL REQUEST IS NOT AVAILABLE FOR THIS MEETING
DEPC 101: 11:15 - 11:45 am
Join our panel discussion to learn more about the benefits of involvement at all levels. This discussion will take place in advance of the scheduled lunch. Registration is available with the lunch registration. While DEPC 101 is geared towards newer DEPC members, all members and guests are welcome.
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