Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
Chicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC5501 tabendrotli@schiffhardin.comCopyright © 2017 by Schiff Hardin LLP All rights reservedTABLE OF CONTENTSPageI.The Dark Side of Wealth 1II.Preparing the Next Generation for a Successful Transfer of Wealth 3III.Distribution Standards and Other Important Guidance 9IV.More Specific Guidance to the Fi Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCduciary 16V.The Debate Over Using Trusts to Control Behavior 19VI.The Trustee Duty to Disclose and the Alternative of Using a Silent Trust 23VII.ConsiSpeaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
derations in Drafting Trusts 31VIII.Particular Standards of Distribution - What Does the Language Mean? 33IX.Conclusion 43Appendix - State StatutesI.DChicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC of the Senators from their state and tour the Capitol, the major monuments and the Smithsonian. ĨI is a three-day, two-night trip and the students are told to bring carry-on suitcases lor the flight. One student shows up al the gathering spot at the airport with a bag that is way too big for any ov Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCerhead compartment, she also seems at a loss as to what to do in the security line, she docs not know what items to put in tire bins for die X-ray macSpeaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
hine, and seems frightened by the prospect of the metal detector. /X tear her asks her if tills is her first time flying. "No," the student answers. "Chicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCege junior was throwing a last-minute party at his Boston apartment and wanted to add a few special touches. So the undergrad rang his personal concierge. '1 had no idea where to start? says Mr. Neme, who had decided that an authentic mariachi band would be just the thing for his Mexican Independenc Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCe Day soiree. 'Mariachis are hard to find,' says the Mexico City native. No worries. For S300 a month, Mr. Neme has unlimited access to the seven fullSpeaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
-time employees of Boston Collegiate Consulting Group, a local concierge company that helps today's moneyed students live like the privileged young swChicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCthousands." From Forget the Old College Try, Ring the Concierge. Wall Street Journal (March 5, 2013).As explained in the Wall Street Journal article, A Hole in the Water You Fill With Money (March 15, 2013), the book "Grand Ambition" follows the boat owning adventures of Doug Von Allmen, a self-made Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC tycoon, and his wife Linda, as they conceived and built their 187-foot dreamboat. It "would weigh 400 tons and be propelled by two 3,384 horse|X)werSpeaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
Caterpillar engines costing S2 million each. Lady Linda would have four lavish decks, 10 bathrooms and 2 Vi miles of pipes and would cost S40 million.Chicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCthe reader as strictly the problems of the idle rich. Should the yacht have one built in garage or two for storing smaller craft? (Securing speedboats and wave runners on deck is viewed by lhe yachting community as declasse and a sign that the owner can t afford a garage.) How will guests in tire sk Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCy lounge be able to view underwater scenes sent from video cameras mounted beneath the yacht's hull? And what is the best way to air condition the outSpeaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
door decks during those sweltering Mediterranean cruises? . . . There is a scene toward the end of 'Grand .Ambition' where the author accompanies Mr. Chicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCe looks instead like a man staring down into a hole in the water that just swallowed a fortune."1II.These stories reflect the fears of many wealthy clients; that their children and grandchildren will be spoiled, lack basic life skills, live above their means, and fail to understand the prudent manag Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCement of wealth. In short, they fear that their descendants will be "trust fund babies".III.Trust fund baby - "a child of wealthy parents or other relSpeaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
atives who can rely on a trust fund rather than hard work for a living." http/'dictionary. reference.com.IV.There are of course many other definitionsChicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCivileged lives themselves, and engaging in irresponsible spending.VI.The ultimate result of unmotivated descendants who fail to properly manage their money is that the wealth created by the family patriarch or matriarch will be dissipated. The reality of this occurrence is reflected in the well-know Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCn phrase "shirtsleeves to shinsleeves in three generations."VII.Studies support the anecdotal evidence of the phenomenon. In Williams and Preisser, PrSpeaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
eparing Hein*; Five Steps (Ọ a Successful Transition of Family Wealth and Values (2003), the authors found that "70 percent of the families studied faChicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCitor (Sept'Oct 2010) (hereinafter Ensuring Success).VIII.The article Lost Inheritance, from the March 7, 2013 edition of the Wall Street Journal tells the stories of several families who have experienced this dissipation of wealth. The article introduces Tom Rogerson, an executive with Wilmington Tn Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCtst who works with affluent families on wealth-preservation strategies, and the "cruel irony" of his job. Tom Rogerson's great-grandfather was CharlesSpeaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
Rogerson, a New England banking titan who helped build Boston Safe Deposit and Trust into a successful institution. Tom's father was a successful reaChicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCall aircraft." When the real estate market collapsed in the mid-80's, the family fortune was lost and Rogerson’s father was forced to sell off family belongings in a liquidation auction.IX.The article also mentions the descendants of Cornelius Vanderbilt, whose net worth was estimated to exceed $100 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC billion in today's dollars. "But by 1973, according to one biographer, a reunion of 120 Vanderbilt descendants included not a single millionaire." AnSpeaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOC
d Barbara Woolworth Hutton, who supposedly spent as much as S500 million in today's dollar on art, jewelry' and seven husbands, died "with a reported Chicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5 Speaker Outline.Do Trusts Really Create Trust Fund Babies (2017).DOCestate plans to prevent creating trust fund babies and lost inheritances. The inquiry begs the question of whether trusts cause the problems in2Chicago Estate Planning CouncilDo Trusts Really Create Trust Fund Babies?Wednesday, September 20.2017Thomas w. Abendroth Schiff Hardin LLP (312) 258-5Gọi ngay
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