Trustees and Beneficiaries

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Entrepreneurialism Through Trusts: Including Direct Investments in Trust Structures
Many of the wealthiest and most sophisticated families are reconnecting to their family roots in entrepreneurship and are investing in, and managing, direct investments using thoughtfully designed
The 25 Best Practices of Multi-Generational Families
GenSpring | SunTrust Private Wealth
The odds of sustaining wealth across generations are low, and studies show that less than 3 percent of failures stem from poor estate planning and poor investment returns. This implies that there are
After High School: Your Legal Packing List
Hemenway & Barnes
After the stress of planning for next steps following high school graduation, including the college application process or other life planning, many parents feel as though they are “done.
Tax Reform 2018: How Different Types of Taxpayers Will Be Impacted
Pitcairn
There has been a lot of speculation and confusion about the impacts of the most recent tax reform, with many asking if they have to pay more taxes. Unfortunately, the answer is, “it depends.
Trust Basics
Hawthorn, PNC Center for Financial Insight
Originating in English common law, trusts have been used for centuries to manage holdings of the wealthy. Even though trusts are quite common, many people may find them hard to understand. Having an
Liability Protection for Family Enterprise Directors & Trustees: Strategies to Attract and Retain Talent
Linda Bourn, Crystal & Company
Until recently, many families filled key governance roles associated with their trust and estate planning with trusted friends, colleagues, or advisors who were flattered to be asked and honored to
Who Can I Trust to Be My Trustee?
Mark Harder, Warner Norcross & Judd
The legal qualifications for a trustee are simple: he/she must be over the age of 18 and legally competent to manage his/her own affairs. The practical qualifications, however, are much more
The Evolution and Challenges of the Trust Industry
Jeffrey C. Wolken, Wilmington Trust
Over the past half-century, the role of trustees has evolved rapidly along with the trust industry itself. We have seen a transition in the investment standards guiding trustees from a “prudent
Six Reasons Why Delaware Trusts Should be Considered in an Estate Plan
CTC | myCFO
You’ve built a valuable and successful business through hard work, long hours and countless decisions. You want to plan for transitioning the company, and the wealth you’ve created to
Selecting Modern Trust Structures Based on a Family's Assets
Al W. King III and Pierce H. McDowell III, South Dakota Trust Company
Trusts have grown enormously in popularity since the mid-1990s as a result of the development of modern trust laws, the dramatic increase in wealth and evolving family needs and goals. Modern trust