Foundational Estate Planning Series

What Is A Silent Trust and Why Does It Matter?

February 6, 2024

Welcome to Legal Visionaries, where expertise meets insight into the world of high-end estate planning and legal strategies.  On today’s episode our host, Mary Vandenack, a legal expert in high-end estate planning, tax strategy, asset protection planning, business exit planning, and an inductee into the NAEPC Hall of Fame is joined by Vincent Thomas, a partner at Young Conaway Stargatt & Taylor LLP to shed light on the intriguing realm of silent trusts.  Tune in as they share real-life examples illustrating when a silent trust might be the perfect fit, the duty owed to beneficiaries, and how the Uniform Trust Code approaches and governs these arrangements.  We also touch on the concept of a surrogate receiving information.  Tune in for valuable insight and practical knowledge of trust mechanisms.