Monday, March 12, 2018
John D. Morley, Professor of Law, Yale Law School
Robert H. Sitkoff, John L. Gray Professor of Law, Harvard Law School
David English, University of Missouri
Across the centuries, the law of trusts evolved on the assumption that full power to administer a trust would belong to a trustee. A directed trust departs from this tradition by granting a power over a trust to a person who is not a trustee. The fundamental policy question arising from the emergence of directed trusts is how the law of trusteeship should be divided among a directed trustee and trust director. The Uniform Law Commission has just finished work on the Uniform Directed Trust Act (UDTA), which provides clear, practical, and comprehensive solutions to all of the major legal difficulties in a directed trust. At the same time, the UDTA offers a host of technical innovations that dramatically improve on existing directed trust statutes, and that point to a variety of drafting practices for directed trusts that could be improved in all states. In this session, Professors Robert Sitkoff (Harvard) and John Morley (Yale), respectively the Chair and the Reporter for the UDTA drafting committee, will discuss the UDTA and what it means for directed trust practice.
Register now for this FREE program and join us every second Tuesday of each month for a discussion of these and other current issues. (The content of this program does not meet requirements for continuing legal education (CLE) accreditation. You will not receive CLE credit for this program).