Delegated trust or directed trust? Everyone wants to know the pros and cons of each.
Directed trusts are newish (e.g. last 30 years). Delegated trusts have been around since the 1300's.
Neither a delegated nor directed trust should be defined as good or bad. This article describes the key differences affecting a trust, whether using a delegated or directed trust feature, and the impact on current and future generations.
From a trust administration perspective, the biggest difference between the two rests on the level of risk to the trustee.