Trust departments are confronting substantial liability associated with the life insurance policies held by trusts under their management.

However, few banks recognize the potential liability they face. The stakes are huge, with a potential price tag of tens or even hundreds of millions of dollars.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.