The Rise of the Management Trust, 143 Trusts & Estates Magazine 52 (Oct. 2004)
Although the trust comes with a long historical pedigree, it has undergone a radical transformation in the past century. The core function of the trust has changed, giving rise both to the modern trust industry and to a profoundly altered legal regime that was necessary to support and govern the industry.
Date of Authorship for this Version
Langbein, John H., "The Rise of the Management Trust" (2004). Faculty Scholarship Series. Paper 494.