Turney Berry Leads Discussion in Studying the Trust Protector: A Need for Uniformity?l
September 12, 2013
A number of states have recently enacted legislation authorizing the appointment of a trust protector: a person other than the trustee, beneficiary or settlor who holds power over some aspect of a trust, such as the power to direct investments, remove or replace trustees, or amend the trust. The ULC Study Committee is considering and will make recommendations concerning the need for and feasibility of drafting uniform state legislation, or amendments to current ULC acts, on this topic. On this call, Turney Berry, the chair of the Study Committee, will summarize recent state legislation and case law and highlight some of the issues currently being considered by the committee. Turney is the leader of the Trusts, Estates & Personal Planning Service Team at Wyatt, Tarrant & Combs and also serves on the Firm's Executive Committee. Turney is an ACTEC Regent and speaks and writes frequently on various topics of interest to the estate planning community. For additional information regarding the American Bar Association's Real Property Trust & Estate Law Committee, click here.