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 that wealth on the receiver.

Where family trusts are involved, we also need to think about the style of trustee care and practice we want and whether it will positively enhance the well-being of trust beneficiaries.

When family is important, you don’t want to leave a mess. If plans don’t work, or if things are left unsaid, the associated pain and hurt can cascade down a family for generations to come.

It’s more than just passing on money

Good estate planning and trust governance is about investing in the future care and well-being of your family.

People must be able to flourish and thrive in the plans and structures we create for them. That means putting PEOPLE front and centre in the estate planning and trust governance process:

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

• to create positive and meaningful experiences

• to encourage excellence in both trustee performance and beneficiary outcomes

It’s a style of purposeful planning using a facilitated process to help families, trustees, beneficiaries and professional advisers be in conversation and on the same page.

Purposeful planning and trusts help people give well, guide well and govern well.

Not all wealth transitions and family trusts are purposeful

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

With more financial wealth being transitioned between generations on trust, those family trusts must work for all involved. Conversations are needed to prepare people for what is to come.

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

• 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 estate plan or trust improve or hinder inheritor or beneficiary outcomes?

Invitation

Lindsay invites you to make contact for a confidential conversation to talk through your situation and consider what might be possible. When you know what’s possible, its easier to take the next step.