The Truth about Trusts (Family Advocate, Vol. 32, No. 4, Spring 2010)
Eileen B. Trost
TRUSTS ARE BECOMING MORE COMMON AND MORE COMPLEX. The “alphabet soup” of names, many of which describe the tax features of a trust, are incomprehensible to the uninitiated. Family lawyers must be able to determine the nature of the parties’ interests in a trust. To the extent those interests are within the discretion of the trustee, the parties’ (or others’) ability to act in that role or to control who acts in that role becomes significant. The ability of the parties (or others) to change the...