Educated beneficiaries are a boon to trustees. But the learning needs to begin early, and trusted advisors can play an important role. Litigating for a larger slice of a smaller pie Angered by what they considered to be “uneven distributions” among the 15 beneficiaries of a large trust, six of
The human factor is becoming increasingly important when selecting a trustee . . . someone who has a sense of the intent of the benefactor and the needs of the beneficiaries. Beneficiaries benefit hugely from a family-oriented trustee who brings responsive leadership and is purposefully helpful during changing times; a trustee
At one time or another, many of your clients are faced with a request from a colleague, friend or family member: “I’d like you to be my executor.” Before answering “yes,” clients need to know what the role involves, and more importantly, if they can fulfill the duties in a
“OVER 30 YEARS AGO, my mother asked me to be the executor of her estate. Her request deeply honored me and I offered a knee jerk response, respectfully and dutifully saying, ‘Of course, Mom.’ I was not thinking carefully before I answered her. I thought this was going to be
The holiday season is a great time for trusted advisors to introduce clients to the benefits of having a family meeting around the topic of charitable giving—and offer guidance and resources to help the family make the most of their time together. The Great Wealth Transfer®: Its Impact on Families and
You’ll receive a copy of our white paper, “Advice Beyond The Money: Preparing Families to Prosper & Thrive For Generations,” & our Client Family Tree tool for your next client meeting.