Minimizing Liability Risks for Trust & Estate Administration
- Average Rating:
- Not yet rated
- Faculty:
- Raymond Radigan | Sy Sommer
- Duration:
- 1 Hour
- License:
- Never Expires.
Description
Join Raymond C. Radigan, the Senior Managing Director and Wealth Advisor at Peapack Private, and Sy Sommer, Esq. of LEAP for a one-hour CLE session that examines the critical responsibilities and liability risks involved in serving as a fiduciary. Whether acting as an executor, trustee, or corporate fiduciary, these roles create significant legal obligations that are routinely scrutinized in today's litigious environment.
In this session, you will learn about governing instruments, statutory duties, and the risks that can arise from negligent administration. Understand common pitfalls that lead to disputes and the evolving expectations surrounding beneficiary communication and engagement. Additionally, the session will cover investment oversight principles, current trends in fiduciary litigation, concentrated asset risks, and emerging concepts influencing modern trust administration.
Whether you currently serve as a fiduciary, advise clients in fiduciary roles, or are building your expertise in trust and estate administration, you will leave this session more equipped to confidently navigate fiduciary responsibilities while reducing personal and professional risk.
Credits
This program is eligible for 1 hour(s) of CLE credit in 60-minute states, and 1.2 hour(s) of CLE credit in 50-minute states. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.
LEAP will seek MCLE accreditation in CA, CT, FL, IL, NJ, NY, PA, and RI. Additional states may be requested upon completion of the course.
If you have met the participation requirements for this course, you will receive a personalized CLE affidavit from mcle-leap@americanbar.org. Please check your spam folder as these e-mails may end up there. Once you complete the affidavit, you will be able to download your certificate(s) of attendance and they will also be emailed to you from mcle-leap@americanbar.org.
Faculty
Raymond Radigan Related Seminars and Products
Senior Managing Director and Wealth Advisor
Peapack Private
Raymond Radigan is a Senior Managing Director and Wealth Advisor at Peapack Private with more than 35 years of experience guiding fiduciary teams and high-net-worth clients through complex trust and estate matters. A former Chief Fiduciary Officer at TD Bank and Regional Trust Team Lead at First Republic Trust Company, Ray has overseen trust officers, wealth strategists, and planners across multiple states.
A respected voice in the industry, he has chaired key committees of the New York Bankers Association and frequently speaks for leading organizations including the American Bankers Association, the New York Bar Association, and the Practicing Law Institute. His writings have appeared in Estate Planning Magazine, the New York Law Journal, and the NYSBA Trusts & Estates Newsletter.
Sy Sommer Related Seminars and Products
Director of Product Enablement
LEAP Legal Software
Sy Justin Sommer is the Director of Product Enablement at LEAP Legal Software. Sy is a 2010 graduate of Fordham Law School and is an attorney admitted to practice in the State of New York. Sy began his career in the Family Law Department of Manhattan law firm Davidoff Hutcher & Citron LLP. After three years with DHC, Sy took a role with JPMorgan Chase Bank in Brooklyn, NY where he served as an Associate Vice President Senior Counsel in the bank’s Mortgage Banking Litigation group. In 2018, Sy sought to apply his legal education and experience in the legal technology space and joined LEAP with excitement to further the company’s mission of helping attorneys to be more productive with cloud technology. Despite being a born and raised New Yorker, Sy currently resides in Jersey City, New Jersey.