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Trusts and settlors - can a settlor have too much power?
The International Family Offices Journal
Vol. 3 - Iss. 1 pp. 31–37
Sep 2018
Dawn Goodman, a specialist in contentious trusts, offers a current exploration of the amount of control a settlor can keep over a trust, a timeless issue. She does this in the context of the enduring popularity - even an increase in popularity - of the trust concept. Dawn explores the many innovative legislative changes to trust law designed to give the settlor more and more control and provides some suggestions as to how influence can be maintained. She cautions that: “Settlors, particularly those who may be vulnerable to pressure, should consider carefully whether they should retain significant powers which could be turned against them or their beneficiaries. It really is a case of the level of vulnerability being directly related to the level of power they retain.”