When investing trust funds, trustees of a Delaware trust must abide by a statutory “prudent person” standard (unless expressly released from doing so in the trust instrument) that requires the trustee to act with “the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use to attain the purpose of the account.” When investing as a prudent person, a trustee may take into account certain circumstances, including the tax consequences of a transaction, the overall health of the economy, and the investment horizon of the beneficiaries of the trust. The 2018 Trust Act added to the list of circumstances a trustee may consider “the beneficiaries’ personal values, including the beneficiaries’ desire to engage in sustainable investing strategies that align with the beneficiaries’ social, environmental, governance or other values or beliefs of the beneficiaries.”
By Lindsay Griffiths on Tue, 21 May, 2019
Welcome to ILN-terviews, a series of profiles of ILN member firm attorneys, designed to give a unique insight into the lawyers who make up our Network. For our latest interview, we chose ILN member, Arthur Li of our member firm Lee and Li in Taiwan, China. In one sentence, how would you describe your practice?...… Continue Reading
May 30 - June 2, 2019ILN 31st Annual Conference hosted by Ferrari Pedeferri Boni Studio Legale Associato
October 3-6, 2019ILN European Regional Conference hosted by Reinhart Marville Torre Paris, France
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Zen & The Art of Legal NetworkingLatest posts from ILN's Lindsay Griffiths Subscribe to ILN's blog
- Lawyers: What Makes You Worth Talking About?
- ILN-terviews: Arthur Li, Lee and Li
- Rainmaking Recommendation from Jaimie Field: Using Social Listening/Monitoring to Build Your Book of Business – Part 1
- ILN Firm of the Month – Ferrari Pedeferri Boni Studio Legale Associato, Milan, Italy!
- What Does it Mean to Develop Your Personal Brand?
- You Can’t Delegate Relationship Development – Lessons From Taylor Swift
- Rainmaking Recommendation from Jaimie Field: Are you Glossophobic?
- Channel Your Inner Taylor Swift & Connect to Your Clients