TCA § 35-15-603 — Settlor's powers — Powers of withdrawal
While a trust is revocable and the settlor can revoke it, the trustee’s duties run to the settlor, not the beneficiaries. A holder of a power of withdrawal gets settlor-style rights for the covered property while that power may be exercised.
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- United States — Tennessee
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- en
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estate planning fiduciary duties
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TCA § 35-15-603 — Settlor's powers — Powers of withdrawal
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