Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators (Bloomberg)
$24.99
Description
Book Synopsis: An insightful and practical guide to family trustsFamily Trusts is a step-by-step guide for anyone involved in family trusts: trust creators, trustees, beneficiaries, and advisors. It will help families create and administer a culture that recognizes trusts as a gift of love.Marrying the practical and emotional aspects of family wealth, this book provides a hands-on primer that focuses on fostering positive relationships, and structuring the trust appropriately for the situation and the people involved. It tackles difficult topics with frank and honest discussion, from the first beneficiary meeting to working with addictions, and more. Written by a team of experts in family wealth, this information is becoming increasingly crucial to the successful execution of a trust; you'll learn what type of person makes the best trustee, how to be an excellent beneficiary, and the technical aspects that help you build a better trust from the very beginning.
There's been a staggering increase in trustee/beneficiary litigation and hostility, but that doesn't mean it's inevitable. Plenty of trusts are running smoothly, with positive experiences on all sides. This book shows you how to set up your trust to succeed from the start, with step-by-step guidance and expert insight.
- Express clear and thoughtful intent for the trust
- Create a healthy and supportive culture
- Select the right trustee, trust protector, and trust advisor
- Take the time to prepare before initially meeting the beneficiary
- Conduct a productive first meeting to set a tone for the relationship
Historically, there has been little consideration given to the culture of trusts, and this oversight may be a key driver of the behavior that's becoming more prevalent. Family Trusts explores the nature of these relationships, and shows you how to build a trust that retains the nature and spirit with which it was intended.
Details
Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators (Bloomberg) is the ultimate resource for anyone involved in family trusts, providing valuable insights and practical advice. Whether you are a trust creator, trustee, beneficiary, or advisor, this book will help you navigate the complex world of family trusts with ease.
With a focus on fostering positive relationships and structuring trusts that align with the needs and aspirations of the individuals involved, Family Trusts goes beyond the technical aspects and delves into the emotional aspects of family wealth. It offers a step-by-step guide to creating and administering a trust that truly reflects your intentions and values.
One of the key takeaways from this book is the importance of selecting the right individuals to fulfill different roles within the trust. Discover what qualities make an exceptional trustee, how to be an exemplary beneficiary, and the technical considerations that lay the foundation for a successful trust from the very beginning.
At a time when trustee/beneficiary conflicts and litigation are on the rise, Family Trusts provides the tools and strategies to mitigate these risks and foster a harmonious relationship. By expressing clear intent, creating a supportive culture, and conducting productive meetings with beneficiaries, you can set the tone for a positive and fulfilling trust experience.
This book challenges the conventional approach to trusts by emphasizing the significance of the trust's culture. By understanding the nature of these relationships and building a trust that embodies the intended values, you can ensure the longevity and success of your family trust.
Don't let the complexities of family trusts overwhelm you. With Family Trusts as your guide, you can confidently navigate this intricate landscape and build a trust that stands the test of time.
Ready to embark on your journey to building a successful family trust? Get your copy of Family Trusts today!
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