Offering unbundled services provides great flexibility and lower fees for families and their advisors
Much has been written about modern “multi-participant trust” governance structures (sometimes called “open-architecture trust designs”) and evolving principles of state trust law related to “directed trusts.”1 The directed trust model threatens to undermine the market share and pricing power of traditional bundled trustee service firms. The emergence in several progressive trust jurisdictions of upstart nondepository public directed trust companies (DTCs) is a disruptive force to be ...
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