Nelson v. First National Bank and Trust Co. of Williston

Nelson v. First National Bank and Trust Co. of Williston, 8th Cir., No. 07-3543 (Oct. 1, 2008), demonstrates the protection a broad authorization for investments and an investment liability clause can provide especially for trusts holding an undiversified portfolio. Leonard Nelson established an irrevocable trust in 1998, to provide income to his children and to pay the taxes due on his estate after

David A. Handler | Jan 01, 2009

Nelson v. First National Bank and Trust Co. of Williston, 8th Cir., No. 07-3543 (Oct. 1, 2008), demonstrates the protection a broad authorization for investments and an investment liability clause can provide — especially for trusts holding an undiversified portfolio.

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