Trusts & Estates
The Good Faith Trustee: Removing a Barrier to Client’s Wishes
By carefully drafting the trust, we can give our clients the results they actually expect. They want a tool that gives them control over future events. It is the client’s control, not the beneficiary’s that matters. A simple start is for the estate planner to add into the trust document, or as a side letter to the trustee, a more detailed discussion about the client’s goals and concerns. Whether that detail is mandatory or precatory in nature will depend on the situation. By simply adding these provisions, the client will see them in writing and have a chance to agree or make changes.
Topics
Complete the form to get your free guide
Related Resources
Loper Bright and the Demise of Chevron Deference: A Game Changer for Federal Agency Power?
On June 28, 2024, in the Loper Bright decision, the United States Supreme Court overturned the long-standing doctrine of Chevron deference. Read more now.
Learn More
WealthCounsel Quarterly, Volume 18, No. 4—Shining Some Light on the Sunset
Learn More
2024 Estate Planning Awareness Week - Free Marketing Package
Get free access to the 2024 Estate Planning Awareness Week marketing package with customizable blog content and letters so you can reach out to current and prospective clients, as well as referral sources, without having to spend hours creating original content from scratch.
Learn More