The Death of the Trust

Have we gone too far in exculpating fiduciaries?

Alexander A. Bove Jr. | Feb 06, 2014

Resources

A disturbing trend is afoot regarding fiduciary liability: States are passing laws that exculpate fiduciaries from virtually all liability other than outright fraud or criminal acts. This approach, together with the option of totally exculpating the trust advisor, is seriously undermining our centuries-old respect of the trust relationship. The logical and, unfortunately, likely outcome of this trend is the death of the trust as we know it.

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.

If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.

Questions about your account or how to access content?

Contact: [email protected]

TAGS: Asset Protection

Hide comments

Comments

Plain text