In a recent meeting with a wealthy family they told me their estate planning attorney recommended not even using their trust and allowing their $10 million dollar estate to pass through probate court when their kids inherit the family wealth. This lawyer told the...
The most common trust planning mistake wealthy families make is failing to fund their trust. Trust Planning Mistake I have met with 100s of wealthy families in my 25+ years in wealth management. My experience is that 8 out of 10 wealthy families do not fund their...
What is it really like to be a trustee? How much time will it take? What are my trustee duties and legal requirements? I have been in wealth management for over 25 years and have helped dozens of families with their trust planning. I have been a trustee myself for...
Over my career as a financial advisor I have met with over 300 wealthy families to discuss their estate and retirement plan. About 80% of the time, assets that should be in a trust, are not in the trust. Trust funding is one of the most common estate...
Over the last 25 years I have advised hundreds of wealthy families with their estate plans. In my experience, around 80% of the time, there will be mistakes with trust funding. The most common mistake is simply not funding the trust. Many wealthy families assume that...
