Give Well, Guide Well, Govern Well

When we plan the transfer of family wealth between generations, we must think about the hopes, aspirations and intentions of the giver and the impact of that wealth on the receiver.

When family trusts are involved, we need to define the style of care and practice we are wanting from our trustees and plan how the well-being of trust beneficiaries will be enhanced.

You don’t want to leave a mess!

When estate plans fail or family trusts don’t work, the associated pain and hurt can cascade down a family for generations to come.

It’s more than passing on money…

Transitioning family wealth between generations is about thinking through your forward plans and keeping them up to date. It’s about investing in the future well-being of your family.

People must flourish and thrive in the estate plans and trust structures we create for them. For that to happen, PEOPLE need to be front and centre in a planning process that helps you:

• get clear on what’s important,

• understand what’s possible,

• create positive and meaningful experiences,

• encourage excellence in your trustees, and

• enables your trust beneficiaries to flourish.

Lindsay facilitates a purposeful planning process to get families in conversation and trustees and advisers connected, involved and on the same page.

When everyone knows the plan, we give well, guide well and govern well.

Not all wealth transitions and family trusts are purposeful…

Estate and trust planning has not always fully considered the capability and needs of people required to steward wealth (the trustees), or those who are required to integrate wealth into their lives (the inheritors or beneficiaries). Too often the focus for estate and trust planning is on the assets (the money) and legal documents (enduring powers of attorney, wills and trusts).

With more financial wealth being transitioned between generations on trust, family trusts must work for all involved. It is never too late for a purposeful conversation to help trust creators get their intentions clear, or to help trustees deliver outcomes which help beneficiaries live well with a trust in their life.

Lindsay knows how to create empowering and enhancing experiences. He’s an expert in guiding families and trustees and will help you get better definition on what’s important and what’s possible for your estate plan, or family trust.

Questions for reflection…

• How well have you defined and communicated your intentions and hopes?

• What messages are you sending with your estate plan or family trust?

• What style of trusteeship do you want for your trust and its beneficiaries?

• Will your estate plan practically work?

• How are you positively contributing to how you will be remembered?

Invitation

Contact Lindsay for a confidential conversation to talk through your situation. When you know what’s possible, its easier to take the next step.