Estate planning today often encompasses a series of goals, ranging from tax planning to asset management and asset control strategies. Many ultra-high-net-worth families seek asset or divorce ...

In July 2024, Pennsylvania Governor Josh Shapiro signed the Pennsylvania Directed Trust Act, Senate Bill 1231 (now part of Act No. 64 of 2024, sponsored by Senator Lisa Baker), into law, making ...

Trustee selection for a beneficiary with special needs presents unique challenges. The decision includes practical considerations: the proposed trustee’s geographic proximity to the beneficiary; ...

In the New Jersey Law Journal's Trusts and Estates/Wealth Management learn about directed trusts for special needs planning, RMDs and multigenerational family trusts. In the New Jersey Law Journal's ...

Pennsylvania will soon become the 20th state to adopt a version of the Uniform Directed Trust Act (the Act), adding a new subchapter to the PEF Code and significantly changing the existing provisions ...

WILKES-BARRE — Sen. Lisa Baker on Wednesday said Pennsylvania’s lack of a directed trust act posed a barrier to competitiveness in establishing and managing directed trusts. “By reducing costs and ...

Delegated trusts are legal arrangements that allow a third party, known as the trustee, to hold and manage assets on behalf of the grantor (the person who creates the trust) for the benefit of one or ...