This article identifies and details the emergence in an increasing number of states of a new trust law that rejects the fundamental tenets of traditional trust law. This alternative concept of the trust liberates the trustee from any meaningful accountability to the beneficiary, the very core concept of traditional trust law. In short, these states are enabling the creation of what might be described as a "nonfiduciary trust."
"The Nonfiduciary "Trust","
ACTEC Law Journal: Vol. 46:
3, Article 4.
Available at: https://scholarlycommons.law.hofstra.edu/acteclj/vol46/iss3/4