In Trustees We Trust
New York’s Estate Powers and Trust Law welcomes the recent addition of EPTL 10-6.6 (c), enacted August 17, 2011. A product of the Trusts Estates and Surrogates Court’s Committee of the New York City Bar Association, the new section clarifies much of the ambiguity within the preexisting statute. Under the new legislation trustees may discretionarily invade a trust’s principal in…