Tennessee Code Annotated
Tenn. Code Ann. § 35-15-710 (2026)
Directed trusts
✓ current as of May 2026
If the terms of the trust, an agreement of the qualified beneficiaries, an exercise of the authority described in § 35-15-716, or a court order requires a trustee, trust advisor, or trust protector to follow the direction of a trust advisor, trust protector, or trustee, and the trustee, trust advisor, or trust protector acts in accordance with such direction, then the trustee, trust advisor, or trust protector so directed must be treated as an excluded fiduciary.
Amended by 2023 Tenn. Acts, ch. 166, s 6, eff. 4/17/2023.
Added by 2013 Tenn. Acts, ch. 390, s 29, eff. 7/1/2013.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2024–2024 · leading case: Nancy Hardison (Stokes) Williams v. Ernest K. Hardison, III (2024).
Nancy Hardison (Stokes) Williams v. Ernest K. Hardison, III (2024). “” Tenn. Code Ann. § 35-15-710 . As the Act further provides, when a trust has such a relationship between a trust advisor and an excluded fiduciary, the trust is referred to as a “directed trust,” which is statutorily defined to mean a trust where “one or more persons are given…”
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