How to understand the nuances of trustee discretion

12/16/2013 | (U.S.)

This article addresses the various types of discretion given to trustees in order to provide flexibility in the service of beneficiaries. It discusses the common types of discretion, issues arising when the beneficiary is the trustee, grantor trust status and the impact of the language used to create trustee discretion, as well as limits on discretion.

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