Trust Beneficiary Bill of Rights
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Capital Trust Company of Delaware’s website is full of articles and other information on trusts and estate planning One short piece that I found worth sharing is the Beneficiary Bill of Rights.
When preparing trusts, estate planning attorneys should not simply draft to reflect the wishes of the grantor, but should also incorporate provisions providing protection for the beneficiaries. An example would be the power to remove the trustee without cause and name a replacement trustee. Such a provision can be invaluable in avoiding conflict and even litigation with an uncooperative trustee, but certain limitations may be necessary to reign in greedy or overly aggressive beneficiaries.
