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Friday, January 27, 2023

Article: The More the Merrier? Issues Arising from Co-Trustees Administering Trusts

David Johnson (Winstead PC) recently published an article, The More the Merrier? Issues Arising from Co-Trustees Administering Trusts, 15 Estate Planning Journal, 2023. Provided below is an introduction to the Article:

Settlors can draft a trust to have one trustee that has the sole authority and power to administer the trust. However, settlors can, and often do, require or allow a trust to be administered by co-trustees. Co-trustees generally have equal rights to administer the trust and should administer the trust in

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