{"product_id":"family-trusts-a-guide-for-beneficiaries-trustees-trust-protectors-and-trust-creators-hardcover","title":"Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators - Hardcover","description":"\u003cp\u003eby \u003cb\u003eHartley Goldstone\u003c\/b\u003e (Author), \u003cb\u003eJames E. Hughes\u003c\/b\u003e (Author), \u003cb\u003eKeith Whitaker\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn insightful and practical guide to family trusts\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eFamily Trusts\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eMarrying 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.\u003c\/p\u003e \u003cp\u003eThere'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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExpress clear and thoughtful intent for the trust\u003c\/li\u003e \u003cli\u003eCreate a healthy and supportive culture\u003c\/li\u003e \u003cli\u003eSelect the right trustee, trust protector, and trust advisor\u003c\/li\u003e \u003cli\u003eTake the time to prepare before initially meeting the beneficiary\u003c\/li\u003e \u003cli\u003eConduct a productive first meeting to set a tone for the relationship\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eHistorically, 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. \u003ci\u003eFamily Trusts\u003c\/i\u003e 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.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eA trust is a not a document or a receptacle. It is a relationship, aimed at benefiting someone's life. Why, then, do 80 percent of trust beneficiaries view their trusts as burdens and not blessings? The authors believe that lack of attention to the human realities of trusts is to blame. \u003ci\u003eFamily Trusts \u003c\/i\u003echallenges the disappointing status quo with new recommendations for building trusts that preserve the hopes of their creators and support the dreams of their beneficiaries. \u003c\/p\u003e\u003cp\u003eMost trusts are formed to save taxes, protect against creditors, and exert control over property. As important as these largely quantitative goals are, they ignore and often impede trusts' qualitative possibilities. This revolutionary guide lays out sound practices for trustees, trust protectors, and trust creators to develop flourishing beneficiaries. It shows trustees how to manage their fiduciary risks by taking concrete steps to get to know beneficiaries and address their concerns. It also opens the eyes of beneficiaries and trust creators to the higher purpose that trusts can achieve, where dynamic distributions promote beneficiary growth and independence rather than perpetuate a \"trust-fund baby\" distribution-dependency. Whether your trust is already established or you're planning to create trusts, this deeply practical guide shows you how to: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eCommunicate clearly and effectively with beneficiaries at various stages of their development and at various stages in the trust's own life\u003c\/li\u003e \u003cli\u003eMake prudent distributions to promote beneficiaries' growth\u003c\/li\u003e \u003cli\u003eThoughtfully prepare for the creation of new trusts or the termination of old ones\u003c\/li\u003e \u003cli\u003eRestructure the roles of trustee and trust protector to manage risk and reduce the likelihood of conflict\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWherever you are in the trustscape, you can have a more rewarding experience with \u003ci\u003eFamily Trusts\u003c\/i\u003e.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eA trust is a not a document or a receptacle. It is a relationship, aimed at benefiting someone's life. Why, then, do 80 percent of trust beneficiaries view their trusts as burdens and not blessings? The authors believe that lack of attention to the human realities of trusts is to blame. \u003ci\u003eFamily Trusts \u003c\/i\u003echallenges the disappointing status quo with new recommendations for building trusts that preserve the hopes of their creators and support the dreams of their beneficiaries. \u003c\/p\u003e\u003cp\u003eMost trusts are formed to save taxes, protect against creditors, and exert control over property. As important as these largely quantitative goals are, they ignore and often impede trusts' qualitative possibilities. This revolutionary guide lays out sound practices for trustees, trust protectors, and trust creators to develop flourishing beneficiaries. It shows trustees how to manage their fiduciary risks by taking concrete steps to get to know beneficiaries and address their concerns. It also opens the eyes of beneficiaries and trust creators to the higher purpose that trusts can achieve, where dynamic distributions promote beneficiary growth and independence rather than perpetuate a \"trust-fund baby\" distribution-dependency. Whether your trust is already established or you're planning to create trusts, this deeply practical guide shows you how to: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eCommunicate clearly and effectively with beneficiaries at various stages of their development and at various stages in the trust's own life\u003c\/li\u003e \u003cli\u003eMake prudent distributions to promote beneficiaries' growth\u003c\/li\u003e \u003cli\u003eThoughtfully prepare for the creation of new trusts or the termination of old ones\u003c\/li\u003e \u003cli\u003eRestructure the roles of trustee and trust protector to manage risk and reduce the likelihood of conflict\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eWherever you are in the trustscape, you can have a more rewarding experience with \u003ci\u003eFamily Trusts\u003c\/i\u003e.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eHARTLEY GOLDSTONE, JD, MBA, \u003c\/b\u003e works with institutional and individual trustees, family offices, and beneficiaries in all stages of life to identify--and then achieve--positive possibilities in the relationship between beneficiary and trustee. A Research Fellow with Wise Counsel Research, Hartley is the co-author of \u003ci\u003eTrustWorthy: New Angles on Trusts from Beneficiaries and Trustees\u003c\/i\u003e, and a popular speaker about flourishing \"trustscapes.\" \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJAMES (Jay) E. HUGHES, JR., \u003c\/b\u003e is the author of the acclaimed classics \u003ci\u003eFamily Wealth\u003c\/i\u003e and \u003ci\u003eFamily: The Compact Among Generations, \u003c\/i\u003e and the co-author of \u003ci\u003eThe Cycle of the Gift: Family Wealth and Wisdom \u003c\/i\u003eand\u003ci\u003e The Voice of the Rising Generation.\u003c\/i\u003e He has also written numerous articles on family governance and wealth preservation. A Research Fellow with Wise Counsel Research, Jay is a frequent speaker at symposia on the growth of families' human, intellectual, social, spiritual, and financial capital. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDR. KEITH WHITAKER \u003c\/b\u003eis founding president of Wise Counsel Research, a think tank devoted to studying wealth and philanthropy. Keith has many years' experience helping enterprising families communicate around estate planning and charitable giving. His writings have appeared in \u003ci\u003eThe Wall Street Journal, The New York Times, \u003c\/i\u003e and the \u003ci\u003eFinancial Times\u003c\/i\u003e. Keith is the co-author of \u003ci\u003eThe Cycle of the Gift: Family Wealth and Wisdom\u003c\/i\u003e, \u003ci\u003eThe Voice of the Rising Generation: Family Wealth and Wisdom, \u003c\/i\u003eand \u003ci\u003eWealth and the Will of God\u003c\/i\u003e.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 320\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.3 x 8.7 x 5.6 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 05, 2015\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":45615098298412,"sku":"9781119118268","price":42.0,"currency_code":"USD","in_stock":false}],"url":"https:\/\/smartsupplydeals.com\/products\/family-trusts-a-guide-for-beneficiaries-trustees-trust-protectors-and-trust-creators-hardcover","provider":"Smart supply deals","version":"1.0","type":"link"}