Family Feuds in Trusts: How to Anticipate Avoid

course

COURSE INFO

  • Available Until 3/7/2021
  • Next Class Time 1:00 PM ET
  • Duration 60 min.
  • Format MP3 Download
  • Program Code 0118339
  • Activity Code:   213190


Course Price: $65.00
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COURSE DESCRIPTION

Family feuds are the most destructive force in trust and estate planning. When a senior generation of a family dies or decides to pull back from leading a family company, long-suppressed rivalries, disputes, and interpersonal conflicts can rise to the surface and have an adverse impact on the company’s operations and value. These disputes often place planners in the extremely difficult spot of having to gain the trust of warring factions, understand their grievances, and use planning tools to help clients and their companies to a value-preserving resolution of their conflicts. This program provides you with a real-world guide to identifying and resolving family feuds in trusts. • Sources of family feuds in trusts and techniques to resolve them, short of litigation
• Disputes involving distributions, control of assets/family business, personal rivalries, lack of communication
• Strategies for resolution—outside consultants, ongoing family meetings, lifetime gifting, distribution standards
• How choosing trustees can provoke or dampen family disputes
• Practical problems when an operating business is held in a family trust
• How to work with warring family factions while protecting yourself as lawyer Speaker: Daniel L. Daniels is a partner in the Greenwich, Connecticut, office of Wiggin and Dana LLP, where his practice focuses on representing business owners, corporate executives, and other wealthy individuals and their families. He is a Fellow of the American College of Trust and Estate Counsel and coauthor of a monthly column in Trusts and Estates magazine.