David Fowler Johnson, of Winstead PC, has made available for download his article, “Is There a Trustee Get Out of Jail Free Card? The Use of Exculpatory Clauses in Trust Documents in Texas – Presentation,” published in JDSUPRA. The abstract is as follows:
David F. Johnson presented his paper “Is There a Trustee Get Out of Jail Free Card? The Use of Exculpatory Clauses in Trust Documents in Texas” to the Dallas Bar Association Probate, Trusts, and Estates Section on October 26, 2021. This presentation discussed the different types of exculpatory clauses in trust documents, why they exist, the historical treatment of exculpatory clauses in Texas, Texas’s current statutory provisions that impact their enforcement, current precedent impacting the enforcement of such clauses, and procedural issues involved in litigating those clauses.
Posted by Isabella King, Associate Editor, Wealth Strategies Journal.