Showing 1 - 5 of 5
Over the course of 2008 and 2009, the world economy experienced one of the most serious recessions in modern times. In July 2009, 22 million men and women were unemployed throughout Europe, five million more than a year previously. Moreover, the situation may well still have further to play out:...
Persistent link: https://www.econbiz.de/10010254607
Persistent link: https://www.econbiz.de/10009551828
Directed trusts have become a familiar feature of trust practice in spite of considerable legal uncertainty about them. Fortunately, the Uniform Law Commission has just finished work on the Uniform Directed Trust Act (UDTA), a new uniform law that offers clear solutions to the many legal...
Persistent link: https://www.econbiz.de/10012851256
Persistent link: https://www.econbiz.de/10011926884
This chapter summarizes the four areas of practical innovation of the Uniform Directed Trust Act (UDTA). The first is a careful allocation of fiduciary duties. The UDTA’s basic approach is to take the law of trusteeship and attach it to whichever person holds the powers of trusteeship, even if...
Persistent link: https://www.econbiz.de/10011926894