Events

The Corporate Trustee

When individuals have a donative intent, they seek qualified professionals for advice and guidance. The services of an esteemed estate planning attorney, certified financial planner, financial advisor, and charitable gift planner are often used. As part of the charitable giving plan, the individual may make lifetime contributions to a charity or foundation or post death transfers, either outright or pursuant to the dispositive provisions in a trust. The Corporate Trustee can serve as an objective member of the overall estate planning team.

When gifts are made using a trust, the trustee is responsible for following the dispositive provisions of the trust in an objective manner. The trustee has a fiduciary responsibility to execute the wishes of the grantor as memorialized in the trust provisions. A corporate trustee can provide a level of expertise and efficiency that an individual trustee may not be able to provide.

Objectives

Identify the key elements of trust administration

Account Acceptance

Administration

Account Termination

Distinguish the duties of trust Administration as it relates to:

• Charitable Trusts
• Specific Bequests

Recognize how Dispositive provisions are followed.

• HEMS standards
• Principal vs. Income distribution
• Income beneficiaries vs Remainder beneficiaries

Our Presenter: Donna C. Watson, JD

Donna C. Watson is an Assistant Vice President with Country Club Trust Company. Donna works with various types of accounts including trusts, estates, and investment management clients.

Prior to joining Country Club Trust Company, Donna worked as an estate-planning attorney with Woods & Evans in Chicago, Illinois and Steele Financial Services in Oklahoma City, Oklahoma. Her law practice included probate and estate administration. Donna also has a strong background in income taxation with over 12 years in public accounting including Big 4 experience.

Donna received her undergraduate degree from Rockhurst University and her Juris Doctor from Loyola University-Chicago School of Law. Donna is a member of the Illinois, Oklahoma, Missouri and Kansas Bar Associations.

Donna is a member of the Estate Planning Society of Kansas City, The Jackson County Bar Association, The Kansas City Metropolitan Bar Association, and a board member of the Mid-America Charitable Gift Planners.

Agenda:

7:45 – 7:55 AM Login

7:55 – 8:00 AM Welcome and Introductions

8:00 AM – Program Begins

Registration is required and those registering will be sent reminder e-mails one week prior to the event.

Attendees will receive a Zoom Link prior to the event.