Letters of Wishes and Statements of Intent: The Who, What, When, Where and, Most Importantly, WHY
Estate planning documents are often drafted so as to allow the fiduciary ample flexibility in managing, investing and distributing trust assets. In turn, the fiduciary has a duty to administer the trust in the best interest of the beneficiaries, in accordance with its terms and purposes. However, the purposes of the trust and the grantor’s reason for creating the trust, are not often clearly defined. Letters of wishes and statements of intent have become increasingly important in modern estate plans. This presentation will explore different approaches to conveying grantor intent, provide some examples and share some recommendations for advisors to consider.
Presentation by: Elisa Shevlin Rizzo of Northern Trust
Elisa Shevlin Rizzo is the Regional Chief Fiduciary Officer for the East Region of The Northern Trust Company. In that role, she oversees the delivery of fiduciary and advisory services by trust professionals along the East Coast and Florida and provides guidance and advice on fiduciary questions, risk management, trust administration and best practices.
Elisa joined Northern Trust in 2017 as Senior Legal Counsel and Senior Fiduciary Officer for the Northeast and has also served as the Regional Chief Fiduciary Officer for The Northern Trust Company of Delaware. Previously, she was Managing Director, Trust Counsel and Director of Estate Administration at Fiduciary Trust Company International. Earlier in her career, Elisa was Counsel at Cummings & Lockwood LLC in Stamford, CT and an associate with Cadwalader, Wickersham & Taft in New York City.
Elisa is a Vice Chair of the ABA-RPTE Section committee on Art and Tangibles, a Vice Chair of the NYSBA Trust & Estates Section Estate and Trust Administration Committee, a member of the NYSBA Trusts & Estates Section Taxation Committees and a past member of the New York City Bar Association's Committee on Estate and Gift Tax.
Elisa writes and speaks on estate and tax planning topics and has been quoted in Barron's, The Wall Street Journal and other publications. She has presented before various organizations including the American Bar Association, Real Property, Trusts & Estates Section, New York State Bar Association, the New York City Bar Association, the American Heart Association and the Washington Non-Profit Tax and Legal Conference.
Registration Deadline: Friday, March 4, 2022
Guest fee is $50.00.
Please submit payment to SWFEPC for all guests.
Michael's On East
1212 East Ave South
Sarasota, FL 34239
Event Time: 5:15 p.m. - 7:30 p.m.
Please Note: We continue to encourage our members to follow current CDC guidelines. Seating will be socially distanced during the dinner and presentation in the Michael's On East Ballroom.