Delaware Directed Trusts

Overview

Families with complex assets, such as family businesses or multistate real estate holdings, as well as those who have portfolios managed by multiple advisors, may find trustees reluctant to administer their trusts. This is because in many states, the trustees remain liable for the actions of delegated third parties or even named advisors. Delaware directed trusts can alleviate this issue, and when drafted properly, it can offer the settlor more opportunity for control, flexibility, and customization to accomplish the family’s financial and estate planning goals.

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