Trustees and Beneficiaries

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The Evolution and Challenges of the Trust Industry
Jeffrey C. Wolken, Wilmington Trust
The role of the trustees has evolved rapidly, and there has been a transition in the investment standards guiding trustees from being a “prudent man” using legal lists to being a “
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. You want to plan for transitioning the company, and the wealth you’ve created to
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. Modern trust
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. A cynic might suggest families want that
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. This article offers a broad overview of steps a PFTC
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 achieving
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. One
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
Private Family Trust Company Research: Select State Trust Laws—Nonjudicial Settlement and Modification Agreements with Virtual Representation
Waller Lansden Dortch & Davis
Private family trust companies have increased in popularity in recent years, and several states have adopted statutes specific to them. This compiled information compares state trust law requirements