Loren Richards
About Loren Richards
Loren Richards serves as a Trust Officer at First Western Trust, where he has worked for 12 years, focusing on trust administration in Southeast Wyoming and North Central Colorado. He holds a Bachelor of Science in Range Management and a Juris Doctor degree, emphasizing integrity and tailored solutions in wealth planning and asset management.
Work at First Western Trust
Loren Richards has served as a Trust Officer at First Western Trust since 2012. In this role, he operates in Southeast Wyoming and North Central Colorado, specifically in the regions of Laramie, Cheyenne, Rawlins, Fort Collins, and Walden. He collaborates with a team of experts to develop customized solutions in areas such as wealth planning, private banking, investment management, and trusts and estates. His extensive experience in trust administration allows him to provide comprehensive services tailored to the needs of clients.
Education and Expertise
Loren Richards holds a Bachelor of Science degree in Range Management from the University of Wyoming, where he studied from 1973 to 1975. He furthered his education at the University of Wyoming College of Law, earning a Juris Doctor (J.D.) from 1989 to 1992. His educational background provides him with a solid foundation in both environmental management and legal principles, which he applies in his role as a Trust Officer.
Background
Loren Richards has over eight years of experience in trust administration as a corporate fiduciary trustee. His career has included a focus on the development and drafting of estate plans before transitioning to trust administration. This background equips him with the skills necessary to navigate the complexities of estate planning and trust management.
Achievements in Trust Administration
In his role, Loren Richards emphasizes the importance of implementing estate plans as a successor trustee, particularly following an individual's disability or death. He believes that successor trustees must fulfill multiple roles, including mediator, confidant, counselor, mentor, and sometimes pseudo-parent. He highlights the necessity for successor trustees to maintain integrity and honesty in their duties, ensuring that the interests of clients are prioritized.