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Trustee Training

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  1. LIVE Q&A Call Recordings
  2. Trustee Training Introduction
  3. The Trustee
  4. Ownership
  5. Trustee | Ownership Do's and Don'ts
  6. Trustee Compensation
  7. Trustee's Reimbursement of Expenses
  8. Trustee Powers and Delegation
  9. Trustee Powers and Delegations
  10. Leasing, Law suits, Contracts
  11. Duties to Beneficiaries and Office
  12. Accounting
  13. Trustee Management - Steps to Securing Property
  14. Trustee Management - Care and Custody
  15. Trustee Management - Conversion
  16. Management of Funds - Distribution
  17. Management of Funds - Investments
  18. Trustee Liabilities - to Strangers
  19. Trustee Liabilities - to Beneficiaries
  20. Self Assessment
  1. Trustee Training
  2. Trustee Powers and Delegation
Lesson 8 of 20
In Progress

Trustee Powers and Delegation

This section explores the powers and responsibilities of trustees, emphasizing their legal ownership of trust property under common law and their fiduciary duty to act in the beneficiaries’ best interests.

00:00 Introduction to Trustee Powers
00:32 Common Law and Equity Perspectives
01:38 General Powers of a Trustee
02:41 Trust Instrument and Discretionary Powers
05:21 Implied Powers and Trustee Responsibilities
07:11 Special Powers and Successor Trustees
08:43 Joint Action and Trustee Decisions
10:25 Banking and Trustee Signatures
13:15 Delegation and Agent Authorization