Peierls of Wisdom: What the Peierls Cases Mean for Trust Fiduciaries and Their Advisors

The Peierls cases involved 13 trusts settled outside of Delaware from 1953 through 2005. The trustees wished to move the administration of the trusts to Delaware and to modify the trusts under Delaware law. Although the Supreme Court of Delaware affirmed the Court of Chancery with respect to certain jurisdictional matters, it took the opportunity to clearly state the law governing administration of trusts and how the change of trust situs can change the law governing administration.

At this CLE program on the Peierls cases and the migration of trusts to, and the administration of trusts in, Delaware, learn the significance of the Peierls decisions from attorneys who represented the Peierls family in the Delaware Court of Chancery and Supreme Court.