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Family Trusts

By: Hartley Goldstone, James E. Hughes Jr., Keith Whitaker
Narrated by: Tim Paige
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Publisher's summary

Family Trusts 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.

Marrying 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.

There'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.

©2016 Hartley Goldstone, James E. Hughes Jr., and Keith Whitaker (P)2019 Gildan Media, LLC
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What listeners say about Family Trusts

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Culture eats strategy for breakfast

I was recently thrust into a successor trustee role and have already read a number of books about the whys, whats and hows pertaining to trust administration. This book is different in that it goes straight to the heart of what makes trusts actually function in what can be highly emotional family environments. If you want legal and tax advice, go elsewhere. If you want to lean into the human dynamics behind the rights and responsibilities of grantors, fiduciaries, trustees and beneficiaries all while keeping yourself a bit more sane, this is your book.

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No practical information

If you are looking to learn the technical side of trusts then save your money. Just about managing relationships

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vage and not to the point

it doesn't hit the tax advantages but focus on relationships around the trust. there are many other benefits once you know what type of trust sorts you.

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More about the psychology of family trusts

This book was more about the psychological aspects of family trusts than a practical guide. I did not gain any benefit from this book whatsoever. I was not looking for the warm and fuzzies about trusts. Not helpful as a trustee or other party to a trust if you are seeking an actual guide to administer a trust especially.

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5 people found this helpful