Controlling Investment Discretion in Irrevocable Trusts

Gallo, Jon J.
April 2010
Journal of Financial Planning;Apr2010, Vol. 23 Issue 4, p32
Academic Journal
The article focuses on the issues related to investment function of trustees of irrevocable trusts which are to be raised with the client and his or her lawyer when the trust is being drafted. It notes that in order to control investment discretion in irrevocable trust funds, one must know how to limit trustee's investment discretion by prohibiting them from investing beyond a certain fixed set of approved investments and limiting high-risk investments which are invested from the percentage of the trust estate. It mentions that the trustee would be given the sole investment discretion.


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