RAS Global AffairsСША & Канада: экономика – политика – культура USA & Canada: Economics – Politics – Culture

  • ISSN (Print) 26866730
  • ISSN (Online) 3034-6045

NEW METHODS OF FIDUCIARY MANAGEMENT IN THE USA: TRUST PROTECTORS

PII
S268667300000617-8-1
DOI
10.7868/S0000617-8-1
Publication type
Article
Status
Published
Authors
Volume/ Edition
Volume / Issue 10 (514)
Pages
101-116
Abstract
The role of such fiduciary managers as trust protectors has increased in the USA since mid 1990s. Originated from offshore asset protection trusts, trust protectors were to veto the trustees' decisions to satisfy settlor's creditors claims. By the end of 1990-s a few states adopted trust laws which allowed setting up of domestic asset protection trusts almost similar to those of offshore. On top of that an assignment of trust advisors or protectors has also been allowed.
Keywords
asset protection trust, fiduciary liability, trustee, beneficiary, trust advisor, trust protector
Date of publication
01.10.2012
Year of publication
2012
Number of purchasers
1
Views
926

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