§1Trust Offices
Pro-grantor trust states, such as Nevada, have clearly defined and codified certain strategic "offices" that can be occupied within a trust arrangement by a person or entity. The trust protector, the investment direction advisor, and the distribution committee are each distinct from — and may direct — the administrative trustee.
§2Delegated vs. Directed
In a delegated trust, the trustee retains ultimate authority but may delegate specific functions (investment management, for example) to a third party while remaining responsible for the delegation. In a directed trust, statutory law relieves the trustee of liability for actions taken at the direction of a properly appointed advisor.
The choice between the two shapes liability, cost, and the family's degree of ongoing control.
The material above is provided for informational and educational purposes only and does not constitute legal, tax, or investment advice. Engagements with RM Legacy Group are conducted under confidential terms in coordination with the family's counsel and fiduciaries.