by FamilyTrust | Apr 4, 2016 | Asset Protection, Estate Planning, Family Succession
Planning for your money is not the same as planning for your family. For centuries, “comprehensive planning” for most families has consisted of financial and estate planning. And, for centuries, that planning has failed and families have been unable to...
by FamilyTrust | Oct 24, 2013 | Family Preparation, Family Succession, Legacy Resources
Typical estate plan legal documents and financial plans cannot address issues concerning the meaning of legacy, how it is created, and where money comes into the picture. Most of these documents do not have language for discussing true wealth – the intangible and...
by FamilyTrust | Oct 21, 2013 | Definitions, Estate Plan, Family Preparation, Legacy Resources
1 Pillar of Support Compared to 4 — Focus on Life and Living Purpose, alignment, trust and communication- building and preparedness are about life and living. Focus on people first. In a study of 2,600 adult children and parents, when asked to choose only one of...
by FamilyTrust | Sep 27, 2013 | Family Business Succession, Family Succession, Famous Estates, Trust & Estate Blog
Whether you are a royal family or an entrepreneur, every family with any assets to leave to the next generation puts family members in business. Occasionally, the estate’s assets are easily and quickly disseminated over a short period of time with understanding...
by FamilyTrust | Sep 6, 2013 | Estate Plan
Did you know that 70% of estate plans fail? In estate planning, the definition of “fail” is that the heirs are involuntarily parted from their assets. Several studies and many experts support this statistic, which is consistent with the reality that only 25% to 30% of...
