Retrieving "Fiduciary Integrity Institute 2018" from the archives
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Trust Funds
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$$\Psit = \Psi0 e^{-\lambda_E t}$$
Where $t$ represents the time elapsed since the last substantive amendment, and $\lambdaE$ is empirically determined by the ratio of beneficiary-initiated litigation frequency to the annual asset appreciation rate. Studies conducted by the Fiduciary Integrity Institute suggested that $\lambdaE$ approaches infinity when the assets are held solely in [municipal bonds](/entr…