Beneficiary Well-Being Trusts under Delaware’s Section 3325
In 2024, Delaware’s innovative legal framework for trusts was expanded under the Delaware Trust Act to introduce a specific focus on beneficiary ‘well-being.’
Elevating Beneficiary Well-Being in a New Era of Trust Planning -part 1
For decades, estate planning has been dominated by a singular obsession.
The Delaware Trust Act of 2024
… introduces significant provisions that will impact provisions that will enhance flexibility, transparency,, and beneficiary engagement in trust administration.
Underlying Principles of Effective Family Governance
The Family Heritage Milestones are the children/grandchildren’s hands-on classrooms to prepare them for the inheritance they will receive.
Elevating Beneficiary Well-Being in a New Era of Trust Planning-part 2
Here’s the secret weapon of the 2024 Delaware Trust Act: its Beneficiary Well-Being Trust concepts aren’t confined to Delaware.
The Gift of Effective Family Governance
Most inheritance plans ultimately fail because the inheritors are not prepared for the responsibilities that come with their financial & familial inheritances.
Underlying Principles of Effective Family Governance - continued
We have found that heirs are seldom equipped to handle the wealth that will come their way.
Part two of The Delaware Trust Act of 2024
Additionally, the Act revises the use of letters of wishes, a tool through which the settlor can communicate non-binding guidance to trustees about the trust’s administration.
Transformational Philanthropy
“Transformational philanthropy” may be a new term to some of you. Here is an easy way to understand the concept…
Where Heritage Design Fits
"When family is neglected, more than money withers and dies. Relationships do, too. Heritage Design helps to put family first– and keep it there."
FAMILY CULTURE
The Key Ingredient for Successful, Harmonious, Multi-generational Families
Creating and maintaining a unique family culture takes time. It cannot be done by simply holding a family meeting or two, or a retreat...
UNLOCK THE SECRETS OF ENHANCED CLIENT ENGAGEMENT: The BBB Training Difference
Our Better Listening, Better Questions, Better Relationship (“BBB”) training was initially part of our Heritage Design Professionals Certification Coaching Program.
As a trusted professional for the family, did you know you have to “up your game?” I know it is in more ways than just one; however, today, we will focus on the differences by generation.
State of The Institute
As The Heritage Institute winds up its 19th year, we – as in THI and our HDPs and Members – find ourselves in a unique position.
The 3rd Component
By the end of the third generation, more than 90% of families see both their unity and their assets disappear.