DIRECTED TRUSTEE Directed trusts and directed trustees have relatively new statutory authority in Tennessee. As a directed trustee, Equitable Trust administers and oversees all administrative aspects of a trust but does not manage the assets of the trust. Asset management is provided by a third party selected by the grantor of the trust, a trust advisor or as otherwise provided in the trust structure. This arrangement is ideal when an individual or family has enjoyed a long, rewarding relationship with an investment manager but still needs an independent, qualified trustee. Directed trustee fees can be expected to be lower than full service trustee fees since a separate asset manager will be responsible for management of the trust’s assets. TENNESSEE TRUST LAW Learn more about Tennessee trusts Equitable Trust Company 4400 Harding Pike, Suite 310, Nashville, Tennessee 37205 615-460-9240 Disclosures and Conditions of Use