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How to Give Powers to Trust Beneficiaries

Being named a trust beneficiary brings the prospect of receiving wealth.  Nevertheless, beneficiaries may feel resentment — not at being beneficiaries, but at lacking control over the trust. While some limitations on the powers of beneficiaries may have been imposed for good reasons, other restrictions may not be necessary. By including beneficiaries in a trust’s governance, one can also improve the long-term financial stewardship. Thus, when designing trusts, estate planners should explore with clients what powers can appropriately be given to beneficiaries. Two case studies are discussed where powers were given to beneficiaries.

By | 2017-10-13T09:07:33+00:00 September 25th, 2017|Best Practices for Trusts, Trustees & Beneficiaries|

High-Engagement Philanthropy: Lessons from an Eleven Generation Philanthropic Family

In this call, Kristin Keffeler, Dean of Family Sustainability and Empowerment, interviews Sylvia Brown, a member of the Brown family of Rhode Island, a family who has been giving in the United States for over 300 years.  We explore the history of American philanthropy from charity in the colonial era to impact investing today, and how best to train the philanthropists of tomorrow.  In particular, we discuss the pros and cons of ‘mission’ or ‘service learning’ travel and discuss a new model of ‘immersive philanthropy’ — high-impact, high-engagement programs for multi-generational family philanthropic engagement.

By | 2017-09-22T12:35:44+00:00 September 19th, 2017|Best Practices in Philanthropy|

Breaking Money Silence®: How To Help Your Clients Shatter Money Taboos and Start Talking Openly about Finances

Audio File: Download/Play Recording Date: September 12, 2017 Guest Speaker: Kathleen Burns Kingsbury, Founder of KBK Wealth Connections, Wealth Psychology Consultant and Author of Breaking Money Silence®: How to Shatter Money Taboos, Talk More Openly about Finances, and Live a Richer Life (Praeger, Sept. 2017) Host:  John A. Warnick, Esq., Founder, Purposeful Planning Institute Materials/Resources: Click HERE to request a free copy of “A [...]

By | 2017-09-15T10:13:52+00:00 September 12th, 2017|Intersections, Purposeful Conversations|

Pathways – A Framework for Helping Clients Cut Through the Complexity of Estate Planning

Families considering estate planning are faced with significant complexity.  Making sense of that complexity is often difficult.  The advice clients most often receive is largely tactical – how specific planning ideas can reduce estate taxes.  Often, however, clients concerns are more global – they worry about the about the impact of this planning on their children and about their own long-term aspirations for the use of their wealth in future generations.  In this call, we will provide PWAs with a simple framework and explanatory tools to help clients understand that framework.  By the end of the call, advisors will feel they have a new way to talk with their clients that will 1) help them gain strategic clarity about their planning, 2) will help them match the structures they create to the capacities and capabilities of their children, and 3) open conversations that are both realistic and meaningful about their clients’ hopes, dreams, and aspirations.

By | 2017-09-15T11:11:29+00:00 August 29th, 2017|Catalysts for Collaboration|