Cannon Estate Planning Teleconference: Directed Trusts – Slicing and Dicing Duties, Risks and Potential Liabilities
Tuesday, October 24, 2023 at 1:00 pm - 2:30 pm EDT
Directed trusts, largely unknown in the United States just a few decades ago, are becoming quite common. Many states have adopted statutes to establish a framework for the operation of directed trusts, and courts are sometimes called upon to resolve messy disputes among trust protectors, Trustees and beneficiaries. We’ll discuss the unique drafting challenges, liability risks and other issues that arise in connection with directed trusts, including:
- State laws and desirable governing instrument provisions regarding directed trusts
- Ways to divide duties and responsibilities of trust administration between Trustee and trust protector
- Nature of a trust protector and whether a trust protector is or should be a fiduciary
- Potential liability of directed Trustees and trust protectors
Registered participants will receive a link to join the virtual conference.
About Cannon Estate Planning Teleconferences
Cannon Estate Planning Teleconference Series is a teleconference on Wealth Management and Estate Planning topics.
The industry’s foremost leading authorities provide commentary and debate over the use of complex financial and legal strategies to serve their high-net-worth clients best. Professionals can connect and collaborate on relevant issues without the added expense of travel and accommodations while earning continuing education and learning credits to preserve their valuable business credentials.