What Investment Advisors Need to Know About Trust Investing/Disputes
Join us for a discussion on what investment advisors need to know about trust investing and disputes. Jason Kohout and Abbey Magnuson will co-present on the topic.
About Jason Kohout and Abbey Magnuson:
Jason Kohout is a partner practicing with Foley & Lardner LLP. He advises nonprofit organizations in all
aspects of formation, ongoing operations, and transactions such as mergers, conversions, and asset sales.
He has formed numerous nonprofit and tax-exempt organizations.
Jason works with health care systems, social service agencies, universities, and other tax-exempt
organizations regarding issues such as unrelated business income tax, structuring of affiliated organizations,
investments in joint ventures, and executive compensation matters.
He advises a number of organizations regarding political and advocacy efforts, including the formation and
operation of section 501(c)(4) social welfare organizations and political action committees.
Jason has also worked extensively in nonprofit corporate governance, including drafting specialty governing
provisions for bylaws and developing detailed conflict of interest policies. He advises directors and trustees
regarding fiduciary duties and excess benefit and self-dealing rules.
Jason focuses a considerable portion of his practice on planning complex charitable gifts, and he works for
both individual donors and local and national organizations in this area. He has advised both donors and
charities on how to facilitate tax-advantaged contributions, including contributions of interests in operating
entities and in highly appreciated assets. He has formed numerous charitable vehicles to achieve
benefactors’ tax and giving objectives, including charitable remainder unitrusts, charitable lead trusts, private
foundations, and supporting organizations. He works with a number of large company private foundations.
Jason serves on the firm’s Trust Investment Committee, which provides advice to the firm’s fiduciaries
regarding investment decisions. He works with a variety of investment managers and provides insight into
clients’ non-public investments. He serves as a trustee of multiple charitable trusts. He also serves on the
board of the firm’s political action committee.
Abbey Magnuson helps high-net-worth individuals and families with a broad range of estate planning matters.
Her experience includes developing comprehensive estate plans to make use of available estate, gift, and
generation-skipping transfer tax exemptions; tax planning for estates, trusts, and beneficiaries; coordinating
and working with family offices, including facilitating a CEO search for a multi-generational family office;
planning for special purpose charitable vehicles, including charitable remainder trusts and charitable lead
trusts; and long-term planning for private foundations and implementation of strategic goals.
Abbey concentrates her practice in trust and estate administration and has experience in fiduciary
responsibilities and liability. She regularly:
- Advises trustees and personal representatives on management and administrative matters to fulfill fiduciary responsibilities.
- Counsels trustees regarding fiduciary duties, rights and interest of beneficiaries, and best practices to mitigate liability.
- Advises trustees of a single purpose, donor-created charitable trust, including review of distribution and beneficiary communication requirements to maintain special “supporting organization” status, trustaccounting, and requirements of trust beneficiaries.
- Administers ongoing operations of a private foundation, including grant making, grant agreements, distribution calculations, self-dealing and conflicts of interest, investment and cash management, and succession planning.
Abbey is a member of the Corporate and Estate Planning Practice Groups and the Family Offices and
Manufacturing Sectors.
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