So, you’re a CPA and a Trustee. You said "Yes" when your client asked "Will you serve as my successor trustee?" We don’t need to belabor why you said yes or whether you regret saying yes or if your partners are happy about your decision. What's done is done. Now, the settlor is dead and you are the trustee. And for that you will receive treasures in heaven… and consternation here on earth, because the beneficiaries whom you serve don’t yet trust or know you.
This course will help trustees save time, reduce their personal risk, and fulfill their duties of care. A governance process will be presented which meets each of a trustee’s duties of care under the Prudent Investor Act:
Duty to have a plan.
Duty to balance risk and return.
Duty to diversify.
Duty to pay only reasonable fees.
Duty to prudently delegate.
Josh Yager is a recognized content expert on the issues of fiduciary duties relating to the management and oversight of trust assets. He lectures extensively on the policies and procedures for conducting investment manager audits to CPAs, attorneys, and professional fiduciaries throughout the country. Josh is Managing Partner at Anodos Advisors and a licensed attorney. Prior to founding Anodos in 2005, Josh worked for fifteen years as an investment advisor with Mercer Advisors. Josh likes to read books about dead presidents.