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A Multidisciplinary Approach to Philanthropy and Multigenerational TrustsA Multidisciplinary Approach to Philanthropy and Multigenerational Trusts

How high-net-worth families can provide long-term legacy and governance solutions.

21 Min Read
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Between 2023 and 2045, it’s predicted that $84 trillion in assets will be passed down to Millennials and Generation X from their Baby Boomer parents through generational and multigenerational planning.1 A multi-disciplined, multigenerational planning approach will be critical to provide a bridge for high-net-worth (HNW) families to provide long-term legacy and family governance solutions. The estate tax is voluntary in the United States because of the unlimited charitable deduction. Charitable, multigenerational, governance and insurance planning work hand-in-hand, providing those solutions. Professionals need to understand the rules that help make multigenerational planning solutions more elegant and efficient from a tax, business and c...

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About the Author

Daniel G. Worthington

 

Dr. Daniel Glen Worthington is an independent estate planner, consultant, and legal educator with over twenty years of experience in helping meet the estate and financial planning needs of affluent families. Dr. Worthington consults affluent individuals and their families through their law firms, national financial firms and non-profit organizations regarding advanced philanthropic, estate and generation skipping transfer tax issues. He is a lecturer and frequent contributor to national estate planning periodicals and journals, including Trusts and Estates. He is featured in Who's Who in America, Who's Who in the World, Who's Who in American Law, and Who's Who in American Education.

Dr. Worthington resides in Orlando, Florida and serves as a Senior Wealth Advisor, with his principal office at the Florida Hospital Foundation. He previously served as Assistant Vice President and Trusts and Estates Counsel at the University of Central Florida Foundation. Dr. Worthington is the former Associate Dean of the University of South Dakota School of Law, where he also served as Executive Vice President for the Law School Foundation.

Dr. Worthington is co-founder of the Family Bank Design Center, and is a founding board member of the nationally based South Dakota Trust Company. He also serves on the national editorial boards of both the Planned Giving Design Center and the Endowment Development Corporation. He presently serves the National Committee on Planned Giving (NCPG) as one of the 11 member National Valuation Task Force. He is also serves adjunct faculty member in the Masters of Tax Program at the University of Central Florida.