The following are links to posts discussing California trustee investment risk management and responsibilities. This is one of the trustee responsibility areas that would keep me up at night if as a trustee I had responsibility over a significant investment portfolio. But the issue doesn’t stop there – it isn’t just a matter of having a prudent portfolio approach to investing, the California Probate Code also contains other specific statutory investment related provisions that the trustee should consider. Stock markets go up and down – for every buyer there is a seller – a loss in value by itself doesn’t necessarily mean that the trustee breached his or her duties – and risk of adverse events cannot be eliminated, but a trustee should want feel covered to the extent possible. The following are links to blog posts discussing these topics.
The Stock Market Dropped Today – Trustee Portfolio Investment Strategy Risk Management – Very Relevant Now and Always, http://wp.me/p1wbl8-cM
California Trustee Investment and Management Responsibilities (Part 2 of 2), http://wp.me/p1wbl8-9c
California Trustee Investment and Management Responsibilities (Part 1 of 2), http://wp.me/p1wbl8-97
See Discussion Paper – A Summary of California Trustee and Beneficiary Responsibilities and Rights, http://wp.me/p1wbl8-eB
California Trustee – What Would Keep Me Up At Night – February 2015, http://wp.me/p1wbl8-ak
And for those of you who are interested in undue influence, mental capacity and consent, elder abuse and related topics, here’s a link to some presentation slides – Updated Elder Abuse and Protection Presentation Slides – Please Read and Forward, http://wp.me/p1wbl8-dm
Dave Tate, Esq. (San Francisco and California), http://californiaestatetrust.com and http://auditcommitteeupdate.com, including Tate’s Excellent Audit Committee Guide (updated January 2016, 183 pages)