Cannon Estate Planning Teleconference: Directed Trusts: Risks and Liabilities
The Trust Company of Tennessee 4823 Old Kingston Pike, Suite 100, Knoxville, TN, United StatesDirected trusts, largely unknown in the United States just a few decades ago, are becoming increasingly 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 will discuss the unique drafting challenges, […]