Directed trusts have become commonplace over the last decade. There are only nine states that haven’t enacted some form of directed trust statute,1 and among those, several are considering such legislation. Section 808 of the Uniform Trust Code (UTC) implements the concept, and the Uniform Law Commission recently empanelled a Divided Trusteeship
Directed Trusts: Panacea or Plague?
Proper drafting and administration can ensure that there’s never a doubt who’s responsible for a particular matter