Trustees and Beneficiaries

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Who Can I Trust to Be My Trustee?
Mark Harder, Warner Norcross & Judd

The legal qualifications for a trustee are simple: he/she must be over the age of 18 and legally competent to manage his/her own affairs.

The Evolution and Challenges of the Trust Industry
Jeffrey C. Wolken, Wilmington Trust

Over the past half-century, the role of trustees has evolved rapidly along with the trust industry itself.

Six Reasons Why Delaware Trusts Should be Considered in an Estate Plan
CTC | myCFO

You’ve built a valuable and successful business through hard work, long hours and countless decisions.

Selecting Modern Trust Structures Based on a Family's Assets
Al W. King III and Pierce H. McDowell III, South Dakota Trust Company

Trusts have grown enormously in popularity since the mid-1990s as a result of the development of modern trust laws, the dramatic increase in wealth and evolving family needs and goals.

Flexibility in Trust Planning
Patrick E. Beaudry and Amy L. Jucoski, Abbot Downing

The use of trusts for long-term planning can provide many benefits; however, setting up a trust at one point in time to cover all potential future circumstances without flexibility is not advisable

The Private Family Trust Company: The Most Customized Financial Institution Ever Devised
John P.C. Duncan, Kozusko Harris Duncan

The raison d’être for families to form a Private Family Trust Company (PFTC) is to maximize their lawful control over their wealth held in trust.

Limiting Liability Exposure for a Private Family Trust Company
John M. Bunge, Waller Lansden Dortch & Davis

A Private Family Trust Company (PFTC) should be aware of its potential for liability and the ways in which liability can be limited or controlled.

The Rise of Impact Investing in Trust Administration
Aaron B. Flinn, Waller Lansden Dortch & Davis

In the coming years, it is likely that Trustees will be asked increasingly by beneficiaries to invest trust assets with an objective of advancing social or charitable causes, as opposed to achievin

Protecting the Family 'Nest Egg'
Aaron B. Flinn, Waller Lansden Dortch & Davis

Given today’s litigious society, Trustees should always ensure they are acting prudently in administering trusts by keeping an eye on inadvertently exposing trust assets to creditors.

Planning for What Comes Next: Estate Planning Instruments and Divorce
Jessica Bank Interlandi, Schiller DuCanto & Fleck LLP

Estate planning is often part of a divorce settlement, and negotiation of these terms can be as integral to the divorce settlement as allocation of parental responsibilities, support issues, or div