Drafting Directed Trusts (On-Demand)

$169.00

Drafting Directed Trusts will include an overview of preparing trusts with investment or distribution direction, including coverage of trust protectors, family advisors, and other specialized fiduciaries or advisors. This course will also include a discussion of the difference between direction and delegation, typical powers given to advisors to direct trustees, and how to modify existing trusts to add directed trust provisions. Examples of specific provisions will be included.

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Event Details

Course Type

Course Instructor

Mary Akkerman, Esq.

Original Date Of Course

General Credits

2

Course Description

Drafting Directed Trusts will include an overview of preparing trusts with investment or distribution direction, including coverage of trust protectors, family advisors, and other specialized fiduciaries or advisors. This course will also include a discussion of the difference between direction and delegation, typical powers given to advisors to direct trustees, and how to modify existing trusts to add directed trust provisions. Examples of specific provisions will be included.

Principles

  • When the use of a directed trust structure is authorized and appropriate
  • How to craft a directed trust or modify an existing trust to allow direction

Syllabus

  1. The concept of the directed trust
  2. The concept of the delegated trust
  3. Examples of the directed trust structure
  4. Authority allowing the use of directed trusts
  5. Definitions used and typical powers and duties
  6. Example drafting language
  7. The role of the trust protector
  8. The role of the family advisor
  9. How to change an existing trust to add directed trust provisions, including a discussion of change of situs, reformation, modification, and decanting

Instructor

Mary Akkerman, Esq.