Serving North Carolina
Florida, New York and Tennessee
(800) 201-0413

Check out our blog for regular postings about our practice areas and other topics of interest.

Trusts

Trustee Authority to Decant

Posted on: May 19th, 2017
In some circumstances, a trustee's fiduciary duty might oblige them to decant the trust; if the trust document does not clearly provide for decanting, the trustee must determine whether they have authority to decant the trust....

20-Year Anniversary of Domestic Asset Protection Trusts

Posted on: May 10th, 2017
Alaska first enacted statutes for DAPTs in 1997. Other states have passed similar legislation since then. One fact has remained constant: No creditor has collected a judgment or settlement against a debtor....

3 Questions When Adding a Trust Protector to an Existing Trust

Posted on: May 8th, 2017
Since trust protector provisions are not included in the trust document by default, many individuals find themselves in a situation where they wish to add provisions to an existing trust. If you are considering adding such provisions, outlined below are a few questions that should be discussed during a consultation with a trust attorney....

3 Financial Guidelines for Trustees

Posted on: April 24th, 2017
Trustees have a fiduciary duty to impartially administer the trust with care and loyalty. The guidelines discussed below can help to ensure that a trustee is not found in breach of their duty. The consequences of violating a fiduciary duty are broad, ranging from penalties and damages to possible felony charges....

3 Mistakes to Avoid as Trustee

Posted on: April 21st, 2017
While a trustee might attempt to navigate trust administration independently, a lack of professional guidance could contribute to mistakes. These blunders could eventually develop into court proceedings (and related court costs), fines, penalties, and/or removal....

Trust Administration Checklist for Revocable Living Trusts

Posted on: April 19th, 2017
Upon the death of the trust grantor, a successor trustee must manage several pressing matters. Our trust attorneys prepared a brief checklist below that can help successor trustees to navigate the initial stages of trust administration....

Subscribe

Get email notifications when we post new blogs. Subscribe Now!

Categories

Archive


View All Blog Posts