Nervous Settlor: Protector or SRPT

For your new nervous settlor do you appoint a ‘Protector’ or agree to ‘Reserved Powers’?

Suitable For

This course will be suitable for existing Trust Company directors, risk directors and all Trust Company associate directors, managers and those aspiring to these positions

Content

• We know, or is it suspected, that neither option is perfect for settlors or trustees, but what has gone wrong or right lately?

• Can we learn from the mistakes of others around the world’s IFCs?

• Many will be familiar with the real and maybe regular situation where the client wants a trust but perhaps does not yet totally trust you or your firm to be the trustee

• To offer reassurance, you could suggest using a protector, maybe even with the settlor fulfilling the role while another option is for the settlor to reserve powers to himself, herself, herself or to a 3rd party

• Can you improve your judgement as to what to agree too?

Learning Outcomes

Having attended this course, delegates will:

• An understanding of the advantages and disadvantages of the two alternatives for you as trustees and indeed the potential settlors

• An appreciation of problems that have arisen

• How leading courts have determined outcomes when requests for ‘blessings of planned actions’ have been requested or disputes have been brought before them

Presenter