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Connecticut General Statutes Title 45A. Probate Courts and Procedure § 45a-487l. Appointment of trust director by transferor

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Nothing in sections 45a-487j to 45a-487s, inclusive, shall be construed to preclude a transferor from appointing one or more trust directors, including, but not limited to:

(1) Trust directors who have authority under the terms of the trust instrument to remove and appoint qualified trustees or trust directors; and

(2) Trust directors who have authority under the terms of the trust instrument to direct, consent to or disapprove distributions from the trust.

(b) A transferor may serve as trust director, but the power of a trust director, who is the transferor shall be limited to the retention of the veto right permitted by subdivision (1) of section 45a-487n.

(c) For purposes of this section, “trust director” includes a trust director, as defined in section 45a-499c, a trust protector, a trust advisor or any other person who, in addition to a qualified trustee, holds one or more trust powers.

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Cite this article: FindLaw.com - Connecticut General Statutes Title 45A. Probate Courts and Procedure § 45a-487l. Appointment of trust director by transferor - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-45a-probate-courts-and-procedure/ct-gen-st-sect-45a-487l/

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