Probate Trust and Wealth Preservation Section Chair, David M. Frees III, recently presented a program for trust and estates attorneys entitled Trust Protectors and Special Trustees.
The attorney CLE (Continuing Legal Education) program, presented for NBI (National Business Institute), was a chance for lawyers nationwide to learn more about the uses of trust protectors, independent trustees, and alternative dispute resolution as ways of making irrevocable and sophisticated trusts more flexible and to avoid disputes between and among family members over the generations when these trusts can be in place.
Mr. Frees, who practices trust and estate law and serves as a mediator of family estate disputes, has become a respected presenter nationally on these topics. In particular, regarding the use of mediation and arbitration clauses in wills and trusts to minimize family disputes and to quickly and inexpensively solve them when they do occur.
“Using trust protectors and special trustees allow us to make longer term trusts more flexible without sacrificing the divorce and law suit protection that many clients are seeking.” And, according to David, “If you worry about the costs of disputes and divisions between family members, the use of special trustees can help families to avoid these disputes and, when they do occur, arbitration and mediation clauses in wills and trusts can really minimize the costs and destructive impact of family disputes.”
Mr. Frees can be reached at 610-933-8069.