The More The Merrier? Issues Arising From Co-Trustees Administering Trusts

Winstead PC
Contact

David Johnson presented his paper “The More The Merrier? Issues Arising From Co-Trustees Administering Trusts” to the State Bar of Texas’s Advanced Estate Planning and Probate Course on June 9, 2021. This presentation addressed the advantages and drawbacks for co-trustee management, who can be a co-trustee and succession issues, fiduciary duties and joint management, the duty and right to participate in management and cooperation, delegation of duties between co-trustees, the duty to disclose, co-trustee compensation, co-trustee deadlock and methods for breaking same, liability for co-trustee’s actions, third party reliance on co-trustee’s actions, the duty to sue a co-trustee, the payment of costs of litigation (ultimate and in the interim), litigation issues, attorney/client privilege issues, and drafting issues.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Winstead PC | Attorney Advertising

Written by:

Winstead PC
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Winstead PC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide