MyFO’s Post

In case you are wondering what the purpose of a trust is or how clear communication and governance can help prevent legal battles between family members. Here is an interesting case study for you 👇🏽!! #familyoffice #trusts #estateplanning MyFO

Robert Lamb, Director recently shared his expertise with Resources Unearthed on managing wealth and family dynamics for successful intergenerational wealth transfer. Proactive planning and timely legal decisions for during life and afterwards is vital to prevent long term negative impacts. Protect your legacy now. Read the full article here: https://loom.ly/8sUKtkQ For any guidance, contact Robert Lamb on 07 3220 1144 or robert@hillhouse.com.au Posted on Resources Unearthed : https://loom.ly/30K2v5w #HillhouseLegalPartners #SimplyStrategic #FamilyLegalMatters #WillsAndEstates #FamilyLaw #FamilyOfficeServices #ResourcesUnearthed

Family businesses often get destroyed after a death in the family due to a lack of succession planning. To prevent this, it's crucial to have a clear, legally structured plan outlining who will take over the business and how it will be managed in the event of the owner's death. This plan should be part of a comprehensive estate strategy that includes allocating shares, roles, and responsibilities to successors. Incorporating this into legal documents like wills and trusts ensures continuity, prevents disputes among surviving family members, and helps sustain the business's operations. Engaging with legal and financial advisors to draft these plans can safeguard the business's future and maintain its legacy within the family. Contact us for a free consultation today at: allenbyestateplanning.com #EstatePlanning #estateplanninglawyer #AllenbyLaw #probatetips #estateplanningtips #sandiegoestateplanninglawyer

Omni Bridgeway's Marijn Flinterman will chair this panel discussion. Asset recovery practitioners know all too well that debtors are constantly coming up with new escape routes to flee from or resist asset recovery strategies. The panel will discuss common (and uncommon) defences that are typically raised and how they can be tackled and conquered by creditors. Panelists will consider, for example: - the use (or misuse) of restructuring plans; - what creative strategies might be deployed to enforce judgments/awards against difficult debtors; - issues around establishing ownership; - surpassing the challenges of piercing the corporate veil and alter ego arguments; and - defeating third-party interference. The expert panel is made up of Ioannis Alexopoulos, Signature Litigation; Wendy Lin, WongPartnership LLP; Alexander Troller, LALIVE; and Amala Umeike of Stren & Blan Partners. This session forms part of the International Bar Association's 2nd Annual Asset Recovery Conference. Register here: https://lnkd.in/equJMjQN #AssetRecovery #JudgmentEnforcement #LitigationFunding #LegalFinance

This week, Begley Law Group attorneys Tom Begley Jr. and Marianne Johnston will be presenting “Proactive Financial Planning for Loved Ones” at the offices of Reich Asset Management in Marmora, NJ. Covering topics like Preserving Your Family’s Wealth, Protecting Your Assets from Long Term Care Costs as well as Protecting Your Children’s Inheritance, this is important information that can help families with their estate planning and family asset protection. #begleylawgroup #estateplanning #legacyplanning #bloodlinetrusts #assetprotection #proactivefinancialplanning #financialplanning 

This week, Begley Law Group attorneys Tom Begley Jr. and Marianne Johnston will be presenting “Proactive Financial Planning for Loved Ones” at the offices of Reich Asset Management in Marmora, NJ. Covering topics like Preserving Your Family’s Wealth, Protecting Your Assets from Long Term Care Costs as well as Protecting Your Children’s Inheritance, this is important information that can help families with their estate planning and family asset protection. #begleylawgroup #estateplanning #legacyplanning #bloodlinetrusts #assetprotection #proactivefinancialplanning #financialplanning 

Building the Right Trust: Securing Family and Company Futures For families and businesses seeking to shape their legacies thoughtfully and protect their assets across multiple generations, the trust has emerged as a cornerstone tool. Although basic estate planning might suffice for modest portfolios, those who guide substantial wealth and corporate interests often look beyond mere wills or simple holding companies. The right trust structure can transcend passive asset management, ensuring that family values endure, corporate operations remain stable, and the generational transfer of wealth occurs efficiently and discreetly. Yet, the world of trusts is not monolithic. Distinctions abound. Each trust type offers unique tax implications, governance frameworks, administrative complexities, and degrees of flexibility. Selecting the proper vehicle requires deep introspection into one’s current circumstances, future ambitions, family dynamics, asset composition, and level of risk tolerance. The objective is not only to preserve capital but to cultivate a legacy that resonates with purpose, character, and strategic foresight. https://lnkd.in/eDrFMbzj

A trustee’s fiduciary duty requires them to exercise the level of skill and care a reasonable person would take when managing the assets of an estate. What does this mean? ✅If they invested assets in a diversified portfolio and then the market went down—probably okay, even if the portfolio lost value. ❌If they invested everything in a single speculative stock and it tanked—almost certainly not okay! If a trustee is squandering the assets of an estate through carelessness or mismanagement, beneficiaries have the legal right to seek redress. Contact the attorneys at Velasco Law Group to learn about your options when a trustee isn’t doing their job. Consultations are available in English and Spanish. 📞562-432-5541 https://lnkd.in/g_23d66x #trusts #trustee #fiduciaryduty #reasonablecare #investment #mismanagement #breach #litigation #estateplanning #attorney #longbeach #downey #irvine

A trustee’s fiduciary duty requires them to exercise the level of skill and care a reasonable person would take when managing the assets of an estate. What does this mean? ✅If they invested assets in a diversified portfolio and then the market went down—probably okay, even if the portfolio lost value. ❌If they invested everything in a single speculative stock and it tanked—almost certainly not okay! If a trustee is squandering the assets of an estate through carelessness or mismanagement, beneficiaries have the legal right to seek redress. Contact the attorneys at Velasco Law Group to learn about your options when a trustee isn’t doing their job. Consultations are available in English and Spanish. 📞562-432-5541 https://lnkd.in/g8gjEwjG #trusts #trustee #fiduciaryduty #reasonablecare #investment #mismanagement #breach #litigation #estateplanning #attorney #longbeach #downey #irvine

🎥 What Does it Mean to Fund a Trust? In this video, Susan Grissom, a Georgia Estate Planning & Wealth Preservation attorney, discusses what it means to fund a trust. Funding your trust involves transferring assets into the trust, ensuring that those assets are managed and distributed according to the terms of the trust agreement. Properly funding your trust helps avoid probate and ensures your wishes are carried out. Click onto the video and learn more. https://lnkd.in/eJAUgTJc . . . #FundaTrust #WillsandTrust #EstatePlanning #EstatePlanningAttorney #GrissomLawFirm #SusanGrissom