Charles E. Rounds, Jr., of (Suffolk University Law School), has made available for download his article, Limited Liability in Trust Context: A Black-Letter Synopsis, published in JDSUPRA. The abstract is as follows:
As to the parties to a trust relationship, there are two categories of limited liability apropos trust administration: internal and external. Fiduciary liabilities of the parties vis-à-vis one another are internal. Said parties’ legal liabilities incident to trustee’s contracts with and torts perpetrated against third parties are external. Our fact pattern: Funded irrevocable inter vivos trust. Settlor-donor had reserved no powers, no beneficial interest. Entrustment non-fraudulent. Referenced handbook is Loring and Rounds: A Trustee’s Handbook (2023), available for purchase at https://law-store.wolterskluwer.com/s/product/loring-rounds-trustees-hanbook-2023e/01t4R00000Ojr97QAB.
Posted by Kaitlyn Bare, Limited Liability in Trust Context: A Black-Letter Synopsis, Wealth Strategies Journal.
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