Section 1.71 Generally

• Library: Trusts and Powers 2013 Supp

A. (§1.71) Generally

Great care should be taken in drafting the trust instrument. It must be clear, be unambiguous, and set out the intent of the settlor precisely. Counsel should anticipate, as far as possible:

all the events that will occur during the life of the trust, the settlor, and the beneficiaries; what future economic conditions may be; and all other relevant factors, such as the health of the settlor and beneficiaries.

The trustee should be carefully chosen. The need for flexibility to meet...