Trusts are essential to high-net-worth families, not only for the transfer of wealth, but also for the transfer of legacy and family continuity. And yet, too often, there are serious gaps in education and understanding on the part of the grantors, trustees and beneficiaries. Grantors don’t fully understand the complexity of their situation, the various types of trustees available to them or the duties of the trustees. As a result, grantors often choose trustees without ...

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