Trust Planning With Beneficiary Well-Being In Mind: How Advisers Can Help Prepare The Next Generation For Inherited Wealth

When counseling clients on wealth transfer planning, advisers should discuss how trusts may have a positive or detrimental impact on beneficiary growth and well-being. While our training gives us the skills to maximize asset growth, protection and tax savings, often the client’s biggest “why” for passing on wealth is to positively impact the well-being of future generations of their family members. Todd will discuss some of the shortcomings of traditional planning tools and how they impact beneficiary well-being, share an empirically-backed framework to define well-being, and explore the uses and benefits of Delaware’s new Beneficiary Well-Being Trust Statute.