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Making directed trusts work : the uniform directed trust act

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The new uniform directed trust act paves the way for creative and thoughtful divided trusteeship

Morley, John; Sitkoff, Robert H. - 2018

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