THE TRUSTEE CRISIS: Navigating the Challenges
About this episode
Frazer Rice and Jennifer Zelvin McCloskey discuss the challenges of the trustee crisis amidst the great wealth transfer.
There is a storm coming with the challenges of navigating the TRUSTEE CRISIS. It is one of the biggest blind spots in the “GREAT WEALTH TRANSFER” and will be the source of mountains of litigation for the unwary, https://youtu.be/hwQev88A03M Summary In this conversation, Frazer Rice and Jennifer Zelvin McCloskey discuss the current crisis in trusteeship, highlighting the shortage of qualified trustees amidst a significant wealth transfer. They explore the importance of modern trust planning, the challenges faced by individual trustees, and the need for better education and training in the field. The discussion also covers the emotional and interpersonal aspects of trusteeship, the functions and responsibilities of trustees, and the necessity of managing risk effectively. They emphasize the importance of building a pipeline for future trustees and improving the perception of the profession, while also identifying opportunities within the trust industry. https://open.spotify.com/episode/4qpkrVdaUa2AfDxgl7j3yN?si=XVgG3jE_Qpqq2JTqi8XLXQ Editing and post-production work for this episode was provided by The Podcast Consultant ( https://thepodcastconsultant.com ) Takeaways…
People in this episode
Host: Frazer Rice
Guest: Jennifer Zelvin McCloskey
Topics covered
- trusteeship
- wealth transfer
- trust planning
- risk management
- education
- interpersonal skills
Mentioned in this episode
Organizations: The Podcast Consultant
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