Nomadx, LLC

Get the latest Trustee insights and exclusive event invitations delivered straight to your inbox. ? Professional liability insurance for trustees ? Understand complex regulations around trusts ? Obtain coverage through a streamlined application process ? Manage risks associated with the administration of trusts and estates ? Guidance regarding increased litigation ? Balance Partners specifically geared toward protecting trustees

Trust Indemnification vs. Trustee Liability Insurance Do you think indemnification from the trust covers all risks? Think again! While trust indemnification provides some protection, it often has limits, especially when it comes to allegations of negligence or intentional misconduct. Trustee liability insurance fills in the gaps, offering comprehensive coverage for legal defense costs, settlements, and judgments. It’s crucial to ensure you're fully protected from potential liabilities that may not be covered by indemnification. #Indemnification #TrusteeLiability #RiskMitigation #InsuranceCoverage

Why Trustee Liability Insurance Matters. Managing trust assets comes with immense responsibility. As a trustee, you can be held personally liable for actions, decisions, and even omissions while fulfilling your duties. Trustee liability insurance offers protection for your personal assets in the event of claims of negligence or errors in judgment. This type of insurance covers legal defense costs, settlements, and judgments, ensuring that you're not financially burdened. If you’re serving as a trustee, it’s essential to consider the coverage that suits your needs. #Trustee #TrusteeInsurance #RiskManagement #FiduciaryDuty

Please join me, live, in a Family Business Audiocast with Judith L. Pearson…. …. Family office veteran, entrepreneur, founder of Precision Brokers, LLC, and creator of Nomadx, LLC ?? As the founder of Precision Brokers and creator of Nomadx MGA, she designs innovative risk transfer strategies that address the evolving complexities of wealth transfer and fiduciary responsibilities. ?? Judith has pioneered solutions in management liability, intellectual property, and fine art insurance. Her expertise extends to directors’ and officers’ liability, errors and omissions, and wealth transfer risk mitigation, making her a trusted advisor in the family office ecosystem ?? A sought-after speaker and thought leader, Judith has presented at Trust & Estate Forums, ABA Trust School, and FOX events. She is frequently quoted in major publications like The Wall Street Journal, The New York Times, and The Economist. ———— Details on the event: ??? ?? When: Monday, February 17 12:15pm EST | 11:15am CST | 10:15am MST | 9:15am PST ?? Where: LinkedIn, X or YouTube Live ?? LinkedIn: https://lnkd.in/e3bUYdd2 ?? X: https://lnkd.in/erTYN7Qb ?? YouTube: https://lnkd.in/eYsdGAKh _______ Family Business Audiocast - founded 2022 - includes guest experts in the family office, family firm, and family enterprise ecosystem. Family business is more than just a business…. it is a powerful and important ecosystem where family personal and professional dynamics intersect with business, wealth, philanthropy, purpose and legacy. ____ Note: Registration required. Event may be recorded. *After registration, click "view event". Please add event to calendar* Event link is live available exactly 15 mins prior to event. Produced and created by R. Adam Smith ____ Subscribe to our proprietary family enterprise newsletter and on the look out for our periodic expert contributor series. ——- Opinions presented on this audio-cast are personal, and do not represent the positions of speakers’ or guests’ organizations. #familyoffice #leadership #nextgeneration #succession #familybusiness #familyenterprises #familylegacy #innovation #entrepreneurship #businesssucession #wealthmanagement #family #generationalwealth #philanthropy #familyfirms #audiocast #fba

Thrilled to have sponsored and attended PRMA. Great to catch up with and meet new friends. The PRMA team did an extraordinary job and looking forward to 2025 in New Orleans. Private Risk Management Association (PRMA) Diane Delaney Kristine Sharp Hannah Noel DeLucca (Brudnicki)

Successor trustees face important considerations regarding liability insurance. As a fiduciary responsible for managing and distributing trust assets, understanding your role and potential risks is crucial. Trustee Liability expert Judith L. Pearson explores the key responsibilities of a successor trustee, when liability exposure begins, and effective strategies to mitigate risks. https://lnkd.in/extYKuUN #wsinsights #trusteeliability #successortrustee

Wealth Strategies Journal covered Judith L. Pearson's article, Trustee Liability in the Murdoch Succession Saga, which examines the legal risks trustees face when modifying irrevocable trusts, as seen in Rupert Murdoch's attempt to give his son Lachlan voting control. Pearson stresses the importance of trustee liability protection and carefully balancing beneficiary interests while upholding fiduciary duties during complex trust changes. https://lnkd.in/eT3GGEj8 #wsinthenews #WealthStrategies #murdochsuccession

True or False? Cybersecurity measures are just common sense. The answer is—it depends. While some risk-mitigating behaviors can make a significant impact, family offices are increasingly targeted, meaning a specialized approach is likely required. ?? Join us this Thursday 9/19 at 3:00 ET for a webinar featuring Dale Buckner from Global Guardian and Judith L. Pearson from Woodruff Sawyer to learn practical strategies for securing your family office. #familyoffice #familybusiness #wealthmanagement #uhnwi #cybersecurity

I am thrilled to announce that I will be presenting "Multigenerational Wealth Strategy: Succession Planning for HNW Clients" at the 2024 PRMA Summit on October 29 in Texas! Join me and other distinguished speakers at the summit to delve into limitless opportunities for thought leadership, learning, and collaboration. #PRMASummit #MultigenerationalWealth #trustee #familyoffice https://prmasummit.org .

Rupert Murdoch seeks to alter his trust, giving son Lachlan full voting power over News Corp and Fox Corp, against other beneficiaries' wishes. The case could lead to litigation against trustees for their decisions. Trustee liability expert Judith L. Pearson discusses trust assets managed lawfully, and assesses the best interests of the beneficiaries. https://lnkd.in/g86csz7Z #wsinsights #trusteeliability #LachlanMurdoch