Produktbild: Family Trusts

Family Trusts A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators

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Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

04.12.2015

Verlag

John Wiley & Sons Inc

Seitenzahl

320

Maße (L/B/H)

22,5/15,1/3,3 cm

Gewicht

499 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-119-11826-8

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

04.12.2015

Verlag

John Wiley & Sons Inc

Seitenzahl

320

Maße (L/B/H)

22,5/15,1/3,3 cm

Gewicht

499 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-119-11826-8

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: gpsr@libri.de

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Die Leseprobe wird geladen.
  • Produktbild: Family Trusts
  • Acknowledgments xv

    Foreword xvii

    Preface xxv

    Introduction 1
    Keith Whitaker

    Principles 3

    Notes 13

    Part One: Introducing the Trustscape 15

    Chapter 1 Navigation Works Better When You Have a Destination in Mind 17

    Beyond the Thought Experiment 20

    Questions for Reflection 22

    Note 22

    Chapter 2 The Trustscape 23

    Introducing Your Trustscape 25

    A Dynamic Tableau 26

    A Closing Exercise 27

    Note 28

    Chapter 3 Some Key Terms 29

    Chapter 4 Know Your Narratives 33

    Depends Where You're Sitting 35

    A Thirst for Education 36

    Note 39

    Part Two: The Players 41

    Chapter 5 The Trust 43

    A Short Description of a Long History 44

    A Closing Exercise 47

    Notes 50

    Chapter 6 The Trustee 51

    The Trustee 52

    Choices 55

    Chapter 7 Beneficiaries and Trust Creators 59

    Beneficiaries 62

    Trust Creators 66

    Notes 75

    Chapter 8 The Trust Protector and the Trust Adviser 77

    Trust Advisers 78

    Trust Protectors 79

    Choices 81

    Part Three: Building Great Relationships 85

    Chapter 9 Considerations Prior to Accepting Appointment as Trustee 87

    So-You've Been Asked to Serve as Trustee 89

    Now for Some Homework 89

    If You are New to the Trustscape 90

    Understanding the Technical Side 91

    Almost There 93

    A Final Step 94

    Note 95

    Chapter 10 Creating Preambles 97

    Preambles and Purpose 98

    "But My Trust Was Drafted 20 Years Ago!" 100

    Themes and Schemes 101

    Preambles Created by Trustees and Beneficiaries 102

    Revisit the Preamble 103

    As You Begin to Create Your Preamble 104

    Note 105

    Chapter 11 Action Steps Prior to the First Trustee-Beneficiary Meeting 107

    If You are a Trustee 108

    If You are a Beneficiary 110

    Note 113

    Chapter is Positive Events, Supportive Responses 115

    Matching Mind-set to Task 116

    Supportive Responses to Positive Events 119

    Play to Your Strengths 121

    Notes 122

    Chapter 13 Trustee-Beneficiary Meetings 123

    Premeeting Checklists 124

    If This is the First Meeting 126

    A Sampling of Agenda Items 128

    An "Appreciative" Exercise 130

    Note 131

    Chapter 14 Requests for Distribution 133

    "This Worked because I Knew Susan . . ." 135

    The Request Process 137

    Analysis of a Request 139

    About Enhancement 142

    Note 143

    Chapter 15 Working with Addictions 145

    Chapter 16 Trusts and Marriage 153

    Prenuptials 154

    Within Marriage 157

    Second Marriages and Beyond 161

    Notes 163

    Chapter 17 Transitions 165

    Solomon's Ring 165

    This Too Shall Pass 166

    Changing the Trust 167

    Changing the Players 169

    Coming to an End 171

    Note 173

    Part Four: A Comprehensive Model for a Humane Trustscape 175

    Chapter 18 A Promise and a Challenge for Trust Creators 177

    A Trust Creator's Challenge 178

    First, an Exercise for Trust Creators 179

    Note 180

    Chapter 19 The Highest Duty of the Trustee and the Corresponding Responsibility of the Beneficiary 181

    I Wrote These Great Docs, but My Clients Won't Sign . . . 183

    The Highest Duty of the Trustee and the Corresponding Responsibility of the Beneficiary 184

    Support for the Trustee 186

    Support for the Beneficiary 188

    Chapter 20 The Distribution Committee and the Office of the Beneficiary 191

    Distribution Committee 192

    The Office of the Beneficiary 195

    Conclusion 201

    Chapter 21 The Trustee and the Trust Protector Revisited 203

    Which Cap's on Top? 205

    A Different Approach 206

    Reconsidering the Institutional Trustee 209

    Note 211

    Appendices 213

    Appendix 1 Sample Legacy Letter 215

    Appendix 2 Sample Language Regarding Addiction 223

    Appendix 3 The Distribution Committee 235

    The Core Concept 236

    Committee Members 237

    Drafting Points 238

    Appendix 4 Private Trust Companies 243

    Definitions 243

    PTCs versus Individual Trustees 244

    Governance 246

    Best Practices 248

    Appendix 5 Family Trust Review 253

    Purpose 253

    Content 253

    Process 254

    Why Commission a Family Trust Review? 254

    Opportunities for Commissioning a Family Trust Review 255

    Note 256

    Appendix 6 Reflections on the Often Unexpected Consequences of the Creation of a Perpetual Trust 257
    By James E. Hughes Jr., Esq.

    Notes 273

    About the Authors 275

    Index 279