Financial advisors and tax professionals routinely help clients establish trusts to protect wealth, avoid probate, reduce taxes, preserve privacy, and create a lasting family legacy. But what happens after assets are transferred into a trust? Many professionals are surprised to learn that moving assets into a trust can create new insurance and liability exposures that are often overlooked during the planning process. Homes, investment properties, vehicles, collectibles, watercraft, and other assets may no longer be properly insured once ownership changes. Trustees may face personal liability. Beneficiaries can encounter unexpected coverage gaps. And in some cases, theft, fraud, or fiduciary misconduct can threaten the very assets the trust was designed to protect.
Join insurance expert Aryn Johnson for an eye-opening webinar that explores the intersection of estate planning and risk management.
During this session, you'll learn:
✓ Why trust-owned assets often require changes to existing insurance policies
✓ Common insurance gaps involving homes, vehicles, valuables, and umbrella liability coverage
✓ How trustee liability can create significant personal financial exposure
✓ Why theft, fraud, forgery, and trustee misconduct are growing concerns for affluent families
✓ The role crime insurance can play in protecting trust assets
✓ Important considerations surrounding trustee liability insurance
✓ Real-world examples of trust disputes, trustee theft, and fiduciary litigation
✓ Practical questions every advisor should ask clients who own assets in trust
✓ How to identify potential risks before they become costly claims
