2015 Trustees and Beneficiaries Workshop

The FOX Trustees and Beneficiaries Workshop will provide attendees a deeper understanding of the core trustee duties and powers as well as the trustee’s responsibilities for educating and mentoring the beneficiaries.

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  • About
  • Agenda
  • Speakers
  • Accommodations
  • Sponsors
The FOX Trustees and Beneficiaries Workshop will provide attendees a deeper understanding of the core trustee duties and powers as well as the trustee’s responsibilities for educating and mentoring the beneficiaries.
Come learn from experts in the field who will provide a balanced perspective of the legal, investing, and human behavioral aspects of being a trustee. The attendees will be comprised of your peers who are trustees or beneficiaries of family trusts.
Continuing Education Credits
This workshop is eligible for CPE credits.
Tuesday | November 17
8:00 am | Registration and Breakfast 
8:30 am Welcome and Program Introduction
Mariann Mihailidis, Managing Director, Family Office Exchange
8:45 am The Foundation of Wise Trusteeship
Keith Whitaker, President, Wise Counsel Research Associates
A trustee’s success is highly dependent on how he or she approaches the job. There are five foundational principles that underlie the noble profession of trusteeship beyond such traditional duties as investing, distributions, and administration. Keith Whitaker will introduce us to the five qualities including Do No Harm, Fidelity, Regency, Discernment, and Courage. 
9:30 am Duties and Powers of the Trustee
Sarah Severson, Partner, Schiff Hardin LLP
William Sanderson, Partner, McGuireWoods 
The trustee is the legal owner of all of the trust’s property and has a fiduciary duty to the beneficiaries. Our speakers address the many required duties and powers of the trustee. There is a complex canon of legal responsibilities the speakers will lay out simply and discuss to enable the trustee to knowledgeably approach their duties. 
10:45 am Break
11:00 am Building Positive Long-Term Relationships between the Trustee and Beneficiary
Pam Lucina, Managing Director, BNY/Mellon 
John Welsh, Vice President, Family Wealth and Investment Strategy, BNY, Mellon Wealth Management

This session will explore how the trustee can build a positive long-term relationship with the beneficiary which will significantly impact the family’s long term wealth preservation plan. The discussion will develop the concepts that trusts are relationships dependent on care and feeding, communication, and expectation management by both the trustee and beneficiary.
12:15 pm Lunch
1:00 pm Distribution Provisions:  Understanding the Issues and Options
Sarah Severson, Partner, Schiff Hardin LLP
William Sanderson, Partner, McGuireWoods
Two leading trust attorneys discuss the key issues related to trust distributions, including discretionary versus required distributions, the unitrust concept, and problems arising from exhausting trust assets. This session will also cover the many factors that trustees should consider when faced with requests for discretionary distributions.
2:15 pm Break
2:30 pm Selecting the Right Trustee–Know your Options
Mark Harder, Partner, Warner, Norcross, & Judd
One of the most important decisions the grantor of a trust will make is picking the person or institution to be in-charge of the assets and executing the fiduciary duties the trust requires. Building on the prior sessions, Mark Harder will review various trustee options, the pros and cons of each option, and identify how to select the most qualified trustee for your family’s circumstances.
3:30 pm Bringing It All Together–The Case Studies
Moderator: Kim Kamin, Principal, Gresham Partners
Our moderator, a licensed attorney and career-long wealth management practitioner, will bring to life the learning from the morning and afternoon sessions by demonstrating its application through several intriguing case examples. This will be an interactive session with speakers and attendees addressing how they would respond to real-life situations and comparing their approach to the real outcome. The session will conclude with attendees having the opportunity to ask questions of the day’s speakers.
5:00 pm Adjourn
5:00 pm Group cocktails
6:30 pm Group Dinner at Ammos Estiatorio 52 Vanderbuilt between 45th and 44th on Grand Central
Wednesday | November 18
8:00 am Breakfast 
8:45 am Understanding Prudent Investment Practices
Paul Lee, Senior Regional Wealth Advisor, Northern Trust 
This session examines the evolution of fiduciary standards for the investment of trust assets and the ramifications for trustees under the Uniform Prudent Investor Act. In addition to the Prudent Investor Rule, this session highlights certain practices that can be incorporated in trust administration as best practices.
10:15 am | Break
10:30 am Fiduciary Risk:  Trustee: Honor or Risk?
David Blickenstaff, Partner, Schiff Hardin 
Tera Rica Murdock, Associate, Waller Lansden Dortch & Davis 
Using real cases, our speakerstwo leading fiduciary litigatorswill discuss how fiduciaries can get into trouble. They will share the lessons learned from their cases so you can avoid litigation. They will provide a checklist of best practices to mitigate the risk of litigation.
11:30 am Adjourn
Sessions/speakers/timing subject to change


David Blickenstaff
Schiff Hardin LLP
Mark Harder
Warner Norcross & Judd LLP, Family Office Industry Group
Kim Kamin
Gresham Partners, LLC
Paul Lee
Senior Regional Wealth Advisor
Northern Trust
Pam Lucina
Managing Director
Tera Rica Murdock
Waller Lansden Dortch & Davis LLP
William Sanderson
McGuireWoods LLP
Sarah Severson
Schiff Hardin LLP
John Welsh
Vice President, Family Wealth and Investment Strategy
BNY Mellon Wealth Managemnet
Keith Whitaker
Wise Counsel Research Associates


Reccommended Hotels: Please call the hotel direct for current rates and availability.

The Roger New York

131 Madison Ave.

New York, NY 10016

PH: (212) 448-7000


Refinery Hotel

63 W. 38th St.

New York, NY 10018

PH: (646) 664-0310


If you require lodging assistance for this event please contact Greg Williams at events@familyoffice.com.



Thank you to our FOX Trustees and Beneficiaries Workshop sponsors!




Interested in sponsorship opportunities?  

Please contact:

Sandra Ditore