Cannon Estate Planning Teleconference: Directed Trusts – Slicing and Dicing Duties, Risks and Potential Liabilities
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 ...