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Feb 1, 2012 12:00 PM
Emerging Directed Trust Company Model
Offering unbundled services provides great flexibility and lower fees for families and their advisors
Much has been written about modern “multi-participant trust” governance structures (sometimes called “open-architecture trust designs”) and evolving principles of state trust law related to “directed trusts.”
The emergence in several progressive trust jurisdictions of upstart nondepository public directed trust companies (DTCs) is a disruptive force to be reckoned with. Those trust service providers who recognize and are willing to exploit these opportunities can offer the unbundled services, a la carte pricing and inexpensive access to the progressive states' trust laws that are increasingly coveted in the growing national trust marketplace. Traditional providers of bundled trustee services with unwieldy cost structures and embedded cultures will be challenged to adjust their business models to compete in this new environment. Here are some observations on the opportunities and perils that the DTC model presents to professional fiduciaries, consumers of trust services and their estate-planning advisors.
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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