“Trust Protectors: What Are They and Why Probably Every Trust Should Have One”
What Are the Pros and Cons of Adding a Trust Protector?
CLE Webinar title:
“Trust Protectors:
What Are They and Why Probably Every Trust Should Have One”
Presented by: John “John A” Warnick, Esq., Purposeful Planning Institute
Agenda:
- Introduction, Overview and Learning Objectives
- What is a Trust Protector? Why are Trust Protectors and Decanting Clauses perhaps the hottest topic in estate planning today?
- What Powers Can the Trust Protector Exercise? Besides offering the advantage of “rigid flexibility” what other possible uses of Trust Protectors are there?
- What Are the Pros and Cons of Adding a Trust Protector?
- What is the Role of the Trustee? How can the role of the Trust Protector be abused? Who makes the ideal Trust Protector?
- Review of 7 Case Studies:
- Case Study 1: Grantor’s Remorse
- Case Study 2: The Dysfunctional Beneficiary
- Case Study 3: The Recalcitrant Trustee
- Case Study 4: Unitrust Decision/Unitrust Crisis
- Case Study 5: The Deadlocked Trustees
- Case Study 6: The Migrant Beneficiary
- Case Study 7: Daddy’s Favorite Business
- Summary, Conclusion and Call-to-Action
Your CLE Instructor
John (“John A”) Warnick, Esq. is the founder of the Purposeful Planning Institute and Family Wealth Transitions and Solutions.
John A balances his enthusiasm for tax savings with in-depth discovery and purposeful questions to ensure the planning is congruent with his client’s core values. He delivers workshops across the nation for estate planning attorneys and financial planners sharing the six paradigms of Purposeful Planning and the Seven Keys of the Purposeful Trust.
He spends a considerable amount of his time facilitating family retreats and providing wealth counseling, fiduciary and philanthropic consulting services. He finds immense fulfillment in educating and training children, adolescents and emerging adults in financial literacy, philanthropic service, and holistic family wealth principles.
The Purposeful Planning Institute (“PPI”) attracts individuals and firms who believe there is a better way, a better process, a better practice lying just ahead of us and that our past experiences and knowledge are merely a prelude to our finest hours in service to our clients. It is the most affordable and easily accessible educational and training platform for advisors to HNW and UHNW clients. PPI offers great value through our easily accessible educational content, programs, and training for financial advisors, estate planning attorneys, and other professionals and consultants serving families of wealth and families in business.
John A was the author of two BNA (Bureau of National Affairs) Tax Management portfolios. He co-authored “Selecting a Trust Situs in the 21st Century” which was published in Probate and Property. He is currently serving as co-editor of a book on best practices for trusts and is also working on two other books entitled "The Gift of You" and "The Purposeful Trust Handbook".
Mr. Warnick received a BA magna cum laude from Brigham Young University and his JD from George Washington University with honors.
Prior to launching his own business, John A was a partner in the Denver office of Holme Roberts & Owen LLP for almost eleven years after practicing in Nevada and Wyoming previously.
Professional Associations and Recognitions
- Fellow of the American College of Trust and Estate Counsel
- Recognized as a Best Lawyer in America
- Member of International Association of Advisors in Philanthropy
- Member of the Financial Planning Association
- Member of the Collaboration for Family Flourishing
- Advisory Board Member for the Family Building Institute
- Member of the Colorado Bar Association & Wyoming State Bar
John A. Warnick may be reached through the PurposefulPlanningInstitute.com.