Sentences with phrase «professional trustees»

Providing advice to both lay and professional trustees in avoiding and defending claims by beneficiaries and third parties.

There are also additional standards for professional trustees who act as Chairs of trustee boards and / or have sole trustee appointments.

Hugh James also advise trustees on how to meet their obligations and duties and we regularly act as professional trustees to ensure our clients» wishes are carried out to the letter.

The Pensions Regulator expects more of professional trustees than of their lay colleagues and is likely to impose heavier sanctions for underperformance.

In terms of subject matter interest, acting for professional trustees who owned the investment adviser to one of the largest Madoff feeder funds, involving claims totalling some $ 1.3 bn and litigation in several jurisdictions.

Successfully defended Professional Trustee against Petition by beneficiary for surcharges of hundreds of thousands of dollars for alleged malfeasance.

She is also a Court Deputy and Professional Trustee with 24 Deputyship Orders in her name.

Whilst a published judgment would have been welcomed by all practitioners, the fact that the Guernsey court has finally decided a case supporting its large professional trustee community is positive news.

In addition, PTSWG is also developing an accreditation framework which professional trustees will be expected to achieve.

The standards will be applied on a «comply or explain» basis whereby professional trustees will be expected to describe how they meet each of the standards or explain why they have not done so.

It is likely that most professional trustees are, broadly speaking, already compliant with the new standards, so demonstrating compliance is unlikely to be an onerous exercise.

(c) Many offshore trusts will need professional trustees and the administration will be carried out by a trust administration company (and not free of charge by the trustees personally).

These standards, which are intended to improve the quality of professional trustees and eliminate poor practices from the market, cover the following areas:

This includes providing advice to lay and professional trustees in avoiding and defending claims by beneficiaries and third parties, advising corporate trustees and trust managers on potential claims and bringing and defending claims under the Inheritance (Provision for Family and Dependants) Act 1975.

As a professional trustee, Edward Jones Trust Company can be named as current, successor or co-trustee.

A professional trustee will explain all your debt relief options, not just bankruptcy.

Yusuf Samad is a professional trustee and a guest lecturer on the Topics in Asset Management course at the London Business School.

Mediated and arbitrated professional liability claims involving accountants, realtors, insurance brokers / agents, stock brokers, investment advisors, and professional trustees

Advised a professional trustee on its potential liability in negligence for having failed to obtain tax advice before implementing a commercial scheme.

This may suggest that professional trustees could become more pivotal in the future.

We represent private individuals and families along with trusts, charities, private banks and professional trustees.

Anthony advises on estate planning for high net worth private clients; the creation and structuring of trusts (both for individuals and professional trustees), family governance and general tax planning work.

The Professional Trustee Standards Working Group (PTSWG) is consulting on a series of standards for professional trustees of occupational pension schemes.

The standards will apply to anyone falling within the Pension Regulator's description of a «professional trustee» as set out in its August 2017 policy document.

From an employer and trustee perspective, the standards should prove useful in helping to clarify what they can expect from a professional trustee.

Mr. Cheever also serves as a professional trustee for many of his client families.

Claims against professional advisers - actuaries, administrators, professional trustees and fund managers

He regularly receives instructions from a wide range of clients including lay beneficiaries, professional trustees and executors, company directors, charities, financial institutions and trust corporations.

Professional trustees are another example.

While some policyholders will designate their spouses or their children as trustee, others will choose to hire a professional trustee to control the policy and handle distributions.