TE-tips.jpg

Tips From the Pros: Third-Party Dealings With Trustees

Charles A. Redd explores issues that can arise in transactions involving a trustee and outside parties.

Experienced trusts and estates professionals ordinarily think of a trust as a relationship among a triumvirate of the settlor, the trustee and the beneficiaries.1 Quite often, however, parties not directly connected with a trust become immersed in aspects of trust administration. Transactions involving these outside parties, if not implemented with care, can be hazardous for all concerned.

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish