Family Trusts: Beyond Technical Proficiency

A two-day program to help develop your trust management strategy

Monday and Tuesday, March 7-8, 2016
All day
Vanderbilt University, Owen Graduate School of Management

Whether a family is in the process of estate planning for the first time or they are living under the governance of older trusts, this program will introduce the communication skills and processes that can enable trusts to have long-term positive impact on individuals, families, and the community.

Trusts offer tax advantages, privacy, and asset protection. These advantages make them the central vehicle for succession planning and family wealth transfer. However, despite these technical advantages, trusts can create conflict when the complexities that they pose to the relationships of parents, children, siblings, and advisors go unaddressed. This two-day program will focus on building successful relationships among grantors, trustees, and beneficiaries and defining the responsibilities that each has to play towards the long-term health of the family.

Through lectures, seminar-style discussions, exercises and case studies, each participant will have the opportunity to learn to:

  • Recognize the roles and responsibilities of the grantor, trustee and beneficiary.
  • Learn methods for increasing effective communication and promoting healthy trust relationships.
  • Create trusts that express the clear intent of the grantors.
  • Understand the pros and cons of different types of trustees.
  • Evaluate options to increase the flexibility of older trusts.
  • Use communication to manage risk, protect the trustee from litigation, and preserve the grantors’ intentions.
  • Assemble an effective trust team.