Hillman and La Ferlita Article Published in NYSBA Journal

May 6, 2022 | Trusts & Estates

Jennifer Hillman’s and Joseph La Ferlita’s article, “SSHHH! Should Trustees Speak Up About Quiet Trusts?” was published in the New York State Bar Association Trusts and Estates Law Section Journal.

Although some may question whether financial modesty is a virtue, there is no requirement that parents disclose their net worth to their children. However, the analysis changes when wealth is transferred to a so-called “Quiet Trust”—an irrevocable trust that purports to limit or prohibit the trustee from disclosing the assets of the trust, or even the trust’s very existence, to some of the beneficiaries.

Rivkin Radler attorney Nicholas Moneta is the Editor-in-Chief of the New York State Bar Association’s Trusts and Estates Law Section Journal.

See the full article here.

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