Trustee selection for a beneficiary with special needs presents unique challenges. The decision includes practical considerations: the proposed trustee’s geographic proximity to the beneficiary; ...

Jul. 17—WILKES-BARRE — Sen. Lisa Baker on Wednesday said Pennsylvania's lack of a directed trust act posed a barrier to competitiveness in establishing and managing directed trusts. "By reducing costs ...

Now that Pennsylvania recognizes directed trusts, corporate fiduciaries should be aware that sharing trust responsibilities could create both legal liability and administrative burdens. The law, which ...

In July 2024, Pennsylvania Governor Josh Shapiro signed the Pennsylvania Directed Trust Act, Senate Bill 1231 (now part of Act No. 64 of 2024, sponsored by Senator Lisa Baker), into law, making ...

Estate planning today often encompasses a series of goals, ranging from tax planning to asset management and asset control strategies. Many ultra-high-net-worth families seek asset or divorce ...

Creativity in trust design, facilitated in part by the rapid promulgation of directed trust statues, has led to more complex fiduciary arrangements, either assigning fiduciary responsibilities among ...

States gut fiduciary duties as trustees gain power to eliminate protections through decanting and silent trust structures ...

WILKES-BARRE — Sen. Lisa Baker on Wednesday said Pennsylvania’s lack of a directed trust act posed a barrier to competitiveness in establishing and managing directed trusts. “By reducing costs and ...