Directed Trusts: Can Directed Trustees Limit Their Liability?

Overview

A directed trustee is chosen to advise a trustee on investment or distribution decisions for a trust. But as key decision-makers, directed trustees face potential liability. This article by Richard Nenno of Wilmington Trust Corp. explores the role of directed trustees, examines statutes and case law and looks at how these trustees can limit their liability risk.

Advisor Thinking