Directed and Delegated Trusts – The Options Available and The Risks Involved

Date: Tuesday, October 18, 2016
Time: 11:30am - 1:00pm
Location: Minnehaha Country Club
Speaker: Cannon Teleconference

The slicing and dicing of trustee roles is becoming common.  The concept of the trust protector or trust advisor, who has the power to direct certain actions by a fiduciary, is now enshrined in the law of many states.  Furthermore, it is possible under many circumstances for a trustee effectively to delegate certain duties (such as investment responsibilities) to a co-trustee or to an agent.  In this teleconference, we will explore the following:

  • State laws and governing instrument provisions regarding directed and delegated trusts

  • Nature of a trust protector and whether he or she is or should be considered a fiduciary

  • Various ways to divide duties and responsibilities of trust administration

  • Liability of directed trustees, co-trustees, third-party agents and trust protectors

Related Document(s):

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