Give Well, Guide Well, Govern Well

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

For wealth transitioned through family trusts, we must also consider the style of trustee care and practice and how it will enhance the well-being of trust beneficiaries in life.

Don’t leave things to chance!

It’s more than just passing on money

Purposeful Planning puts PEOPLE front and centre in the planning process to:

• get clear on what’s important and understand what’s possible

• create positive and meaningful experiences

• encourage excellence in trustee performance and beneficiary outcomes

Purposeful planning is a facilitated process to help families, trustees, beneficiaries and professional advisers be in conversation and on the same page.

It’s people focused planning for giving well, guiding well and governing well.

Not all transitions and family trusts are purposeful

Traditional estate and trust planning has focused on the assets to be transferred, and structures to hold those assets. It hasn’t always considered the impact of the plan and the financial wealth on the inheritors, trustees and beneficiaries.

With more wealth being transitioned between generations on trust, family trusts must work for all involved. Unfortunately, little focus is given to “people outcomes” in the planning process.

Purposeful planners understand the importance of creating empowering and enhancing experiences. It’s about helping inheritors and beneficiaries live well with financial wealth and trusts in their life.

For family trusts, we call a generative style of trustee practice that enhance beneficiaries in life Purposeful Trusteeship.

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

• What style of trusteeship would you want as a trust beneficiary?

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

• Will your transition plan improve inheritor, or beneficiary outcomes?

Invitation

I help people manage the challenges of trusteeship and transitioning wealth between generations.

I invite you to make contact to talk through your situation and consider what might be possible.

Lindsay