B25-0225 - Uniform Directed Trust Act of 2023
Washington D.C. - 25th Council
Introduced byPhil Mendelson
Last updated over 1 year ago
1 Co-Sponsor
As introduced, Bill 25-225 would provide rules that allow a settlor to freely structure a directed trust while preserving fiduciary safeguards for beneficiaries. It would provide default rules for information sharing among trustees and trust directors. It also would provide procedures for accepting appointment as a trust director, and establishes the distinction between a power of direction and a nonfiduciary power of appointment.
STATUS
Introduced
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