Wiggin and Dana Partner Speaks at 47th Annual Heckerling Institute on Estate Planning

February 27, 2013

Steve's Top Ten List to Avoid Litigation Featured on CFA Institute Blog: Enterprising Investor

In January, Wiggin and Dana Probate Litigation Partner, Steven Malech, participated in a panel discussion titled, The Prudent Investor Rule After the Financial Crisis, at the 47th Annual Heckerling Institute on Estate Planning, the nation's leading conference for trust and estate attorneys, trust officers, accountants, insurance advisors, and wealth management professionals.

Steve's co-panelists, Max M. Schanzenbach from Northwestern University School of Law, and Susan Porter, a senior advisor at Brown Brothers Harriman Trust Company, N.A., discussed the impact of the Prudent Investor Act on trust investment and management practices. Steve, using excerpts of testimony provided in real cases, identified practical steps that fiduciaries could take to reduce the risk of litigation concerning trust management practices.

A portion of the Heckerling panel focused on Malech's list of ten tips that trustees should follow to avoid, or defend against, litigation. Featured in Enterprising Investor, CFA Institute blog, Malech's list was summarized in Lauren Foster's blog post, How Not to Bungle a Trust: A Checklist for Investment Trustees. From choosing the right team to communicating with the beneficiaries, Malech's list of lessons learned should be considered by anyone overseeing a trust.

For more information on tips to avoid and defend litigation related to trusts, please email Steven at [email protected].