: a guide for beneficiaries, trustees, trust protectors, and trust creators
\ Hartley Goldstone, James E. Hughes, Jr., Keith Whitaker
Hoboken, New Jersey
: Bloomberg Press
, 2016
217 p.
:ill.
;23 cm.
Bloomberg
Index
Bibliography
Part one: Introducing the trustscape -- Navigation works better when you have a destination in mind -- The trustscape -- Some key terms -- Know your narratives -- Part two: The players -- The trust -- The trustee -- Beneficiaries and trust creators -- The trust protector and the trust adviser -- Part three: Building great relationships -- Considerations prior to accepting appointment as trustee -- Creating preambles -- Action steps prior to the first trustee-beneficiary meeting -- Positive events, supportive responses -- Trustee-beneficiary meetings -- Requests for distribution -- Working with addictions -- Trusts and marriage -- Transitions -- Part four: A comprehensive model for a humane trustscape -- A promise and a challenge for trust creators -- The highest duty of the trustee and the corresponding responsibility of the beneficiary -- The distribution committee and the office of the beneficiary -- The trustee and the trust protector revisited -- Appendix 1. Sample legacy letter -- Appendix 2. Sample language regarding addiction -- Appendix 3. The distribution committee -- Appendix 4. Private trust companies -- Appendix 5. Family trust review -- Appendix 6. Reflections on the often unexpected consequences of the creation of a perpetual trust.
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Family 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. --Publisher.