ICLE | Divided and Directed Trusteeships
Seminars
  
Divided and Directed Trusteeships
On-Demand Seminar (Posted 08/27/19) | Level: Advanced
Cosponsored by the Probate and Estate Planning Section of the State Bar of Michigan
    

The Michigan Uniform Directed Trust Act went into effect in March 2019. Estate planners drafting discretionary trusts can get well versed on the act and the new divided trusteeships. Our experts discuss drafting considerations, practical uses for both types of trusteeships, and issues around separate liability in divided trusteeships. Identify circumstances where a divided trusteeship is appropriate.

Watch so you can:

  • Assess if fiduciary status in existing trusts has changed under new law
  • Account for the act's default and nonmodifiable provisions when drafting
  • Evaluate special needs of settlor or settlor's beneficiaries
  • Comply with the act's nonmodifiable provisions
Available Formats
ON DEMAND
James Spica and Richard Mills discuss uses of divided and directed trusteeships with Robert Tiplady....
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