Delegated Vs. Directed Trusts

Families are becoming more sophisticated about wealth management, incorporating modern trust documents into their estate-planning goals and looking for ways to maximize the flexibility of their trust investments. Typically, a trustee's duties and flexibility regarding investment responsibilities vary depending upon whether a state has adopted the Prudent Investor Act (PIA); whether a trust is directed

Families are becoming more sophisticated about wealth management, incorporating modern trust documents into their estate-planning goals and looking for ways to maximize the flexibility of their trust investments. Typically, a trustee's duties and flexibility regarding investment responsibilities vary depending upon whether a state has adopted the Prudent Investor Act (PIA); whether a trust is directed or delegated; the individual state statutes; the trust instrument itself; and whether the tr

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