Best Practices for Trusts, Trustees & Beneficiaries

/Best Practices for Trusts, Trustees & Beneficiaries

The Beneficiary Controlled/Directed Trust (AKA Inheritor’s Trust) Through the Lens of Purposeful Planning

Date: December 20, 2016 Speaker: John A. Warnick, Esq., Founder, Purposeful Planning Institute This call will be a helpful overview of the positive ways in which we can involve adult children in the planning process to give them an opportunity to create what the Oshins (Dick and his son Steve) and Noel Ice have copyrighted in 2006 as the Inheritor's Trust. We'll be discussing creative ways to describe features of a Purposeful Beneficiary-Controlled/Directed Trust such as the "My Trust Becomes Your Trust" concept, the Friendly Trustee (also referred to as Independent Trustees and Generative Trustees), the "Two Key" System for Total Control and Flexibility and the importance of thoughtfully creating a discretionary distribution model.

Creating Legacies of Significance

Date: December 6, 2016 Guest Speaker: Michael G. Stuart, JD, CPA, Attorney & Counselor at Law, The Stuart Legacy Alliance, LLC In this program we discuss a different paradigm for the transfer of wealth that seeks to enhance family relationships. Traditional wealth planners, accountants, attorneys and others have ‘taught’ us the ‘proper’ methods of planning. This new and informative presentation suggests that by changing the paradigm of how we look at planning, we can move the discussion forward. By helping clients capture their values and goals, it provides a unique and holistic way to address the issues of the family so that transition is something to be cherished and celebrated. The focus shifts from strategies and tactics to a collaborative, value driven model that allows families to accumulate and enjoy the wealth without destroying relationships and still maintain integrity and the ability to make a meaningful impact on the family and community.

Children’s Emergency Response Planning–Filling the Gaps in Care for Children in our Estate Plans

Date: November 8, 2016 Guest Speaker: Martha Hartney, JD, CEO and Founding Principle, CHERP LLC For hundreds of years, estate planners have served the elder market, rarely having to address the unique needs of families with children at home. With the advancing age of first time parents, democratization of technology, the growing awareness of the need for planning for families, estate planners are taking a closer look at what excellent legal care for children looks like. On this call, estate planner Martha Hartney, co-founder of CHERP™, the Children's Emergency Response Plan, will share the legal framework families live in so we know how to help our clients with kids at home make sure to seamlessly transfer legal authority for their children to their chosen delegates rather than allow government authorities to intervene in the family unit. Excerpts are optional hand-crafted summaries of your content that can be used in your theme. Learn more about manual excerpts.

Helicopter Parents, Grandmonsters and the Five O’s – Practical Wisdom on Successfully Launching Children and Grandchildren in Life

Date: August 30, 2016 Guest Speaker: John A. Warnick, Esq., Founder, Purposeful Planning Institute Advisors, consultants and family office professionals are in an unique position to offer practical wisdom to parents and grandparents who are concerned about successfully launching their progeny in life and business. Unfortunately well-meaning parents and grandparents too often end up Over-indulging, Over-nuturing, Over-protecting, Over-scheduling and Over-stimulating. In this teleconversation John A. Warnick will go in depth on each of the Five O's and offer suggestions on how we can help parents avoid crossing that transparent line into Over-parenting. He'll also focus on healthy relationships and roles for grandparents, parents and grandchildren and introduce us to the concepts of Grandmonsters and DDOs.