Trusts and Estates
Ca. Trs. & Estates Quarterly Volume 15, Issue 4, Winter 2010
Content
- From the Editor
- Inheritance Rights of Posthumously Conceived Children In California
- Revitalizing a Stale Trust: Improvement, If Not Perfection
- What About the Children? Family Allowances In the Age of the Revocable Trust - Is Parson Still Good Law and Should It Be?
- REINTRODUCTION OF THE TERM "TRUSTEE DE SON TORT" TO THE CALIFORNIA TRUST LEXICON
- Directed Trusts Come of Age In California
DIRECTED TRUSTS COME OF AGE IN CALIFORNIA
By Philip J. Hayes, Esq.*
I. INTRODUCTION
For years, California attorneys have drafted directed trusts without the "cover" of an enabling statute. Recently, the Executive Committee of the Trusts and Estates section ("Texcom") took the first step remedy that situation. On March 6, Texcom voted 27 to 0 to propose adding a directed trust statute to the Probate Code. The proposed statute is annotated and appended at the end of this article.
A. The Rise of the Directed Trusts – and Enabling Statutes