{"data":{"id":"us-nh/rsa-564-b-7-711","jurisdiction":"us-nh","citation":"RSA 564-B:7-711","heading":"Divided Trusts and Directed Trusts.","body":"(a) A divided trust is a trust in which the terms of the trust divide powers and duties among 2 or more trustees, trust advisors, and trust protectors, vesting one or more powers and duties exclusively in one or more of those persons to the exclusion of the other persons.\n(b) A directed trust is trust in which, under the terms of the trust, one or more persons have the power to direct an action by a trustee, trust advisor, or trust protector or the power to veto or consent to any actual or proposed action by a trustee, trust advisor, or trust protector. The action may relate to the investment of trust assets, distributions, or any other aspects of the trust's administration.\n(c) A trustee is an excluded fiduciary to the extent that the terms of the trust vest a power or duty exclusively in a trust advisor, trust protector, cotrustee, or other person.\n(d) A trustee is an excluded fiduciary to the extent that:\n(1) under the terms of the trust, the trustee must follow the direction of a trust advisor, trust protector, cotrustee, or other person; and\n(2) the trustee acts in accordance with that direction.\n(e) A trust advisor or trust protector is an excluded fiduciary to the extent that the terms of the trust vest a power or duty exclusively in a trustee, trust advisor, trust protector, or other person.\n(f) A trust advisor or trust protector is an excluded fiduciary to the extent that:\n(1) under the terms of the trust, the trust advisor or trust protector must follow the direction of a trustee, trust advisor, trust protector, or other person; and\n(2) the trust advisor or trust protector acts in accordance with that direction.","path":["Title LVI: PROBATE COURTS AND DECEDENTS' ESTATES","Chapter ARTICLE 7: OFFICE OF TRUSTEE"],"source_url":"https://gc.nh.gov/rsa/html/LVI/564-B/564-B-7-711.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T17:07:35Z","sha256":"81ba0faba9bde99a012f4bd72ae2cc5b8a5cba76dcc49c697f572acbe798db70","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-564-b-7-710","next":"us-nh/rsa-564-b-7-712"},"notice":"GroundRules: Original legal text. Not legal advice."}