1. Presentation to Hawaii Estate Planning Council Education of Corporate Trustees April 28, 2016
Facilitators
Courtney Kajikawa Manager of FHB
Diane Chong Manager of CPB
Bonnie Fong Manager of BOH
Todd Hoch Manager of FFB
Bonnie Introduction 1 min
Set stage all 4 trust companies, speakers will touch on various topics (5-10 min) as it relates to a Corporate Trustee for total of min save questions for the end and feel free to pose the questions to anyone of us.

2. Outline What Defines a Corporate Trustee Todd
Account Acceptance Process Courtney
Problematic Language Bonnie
Risk Mitigation Diane
Compensation of Corporate Trustee Todd
Perceived Downside of Corporate Trustee Bonnie
Bonnie walk thru how the presentation will run and who will speak on each topic leaving questions to the end.

3. What Defines a Corporate Trustee
Corporate Charter
What is it? How is it obtained? Why is it important?
Benefits of a charter
Regulatory Oversight
Various governing agencies
Federal, State, Internal audit
Role that they serve
Benefits and Drawbacks
Todd Hoch 3 – 5 min

4. Account Acceptance Process
Minimum account values
Account acceptance process
Document review
Asset review
Red Flags
Declinations
Courtney 10 min
Reg flags to include trustee requesting to resign (especially if its another bank), litigation,
Document Review: fee language, clear dispositive provisions, resignation or removal language, ability to administer

5. Problematic Language One pot versus separate pot trusts
Discretion under ascertainable standards
Interpreting intent of settlor
Dealing with blended families
Handling closely held business
Entities holding real estate assets
Increase in estate tax exemption impact on old documents- funding of family/marital trusts
Restrictive or outdated fee language
Bonnie 10 min

6. Risk Mitigation Periodic document and account review
Understanding settlers intent
Start relationship prior to death
Clear on preferred beneficiary
Delegate responsibilities
Leverage courts for clarification of language and approval of accountings
Jamie 5 min

7. Compensation of Corporate Trustee
Bundled Fees
Administrative services & Investment management
Percentage X assets managed on a declining scale
Asset management
Liquid assets – mutual funds, stocks, bonds, cash
Internal and 3rd party investment managers expenses
Closely held business interest
Real Estate
Primary residence - title holding
Income property – property management, % of income
Other Fees
Inception, disbursement, termination and minimum
Co-trustee fee, special services, tax services
Todd 5 min

8. Perceived Downside of Corporate Trustees
Strict interpretation of the document
Disclosure to both income and defined remainder beneficiaries
Committee oversight
Bonnie 5 min

9. Questions? Courtney Kajikawa Manager of FHB Diane Chong Manager of CPB
Bonnie Fong Manager of BOH
Todd Hoch Manager of FFB
Bonnie to open up for questions to any of the speakers 10 min