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F amily Wealth Management.
The Challenge
You are in your early 70s, with more than $100 million in personal wealth. As an astute investor, you have always managed your own finances. However, you are concerned that, in the event of disability or death, your spouse will not want to or be able to manage your wealth. Although you want your children to participate in wealth management decisions, you do not want to give any of your children exclusive discretionary control over such decisions.
Our Solution
We recommend a revocable trust, naming Hawthorn as co-trustee with you. In the event of your disability or death, your wife and/or one or more of your children could become the successor individual trustee, and investment decisions could be delegated to Hawthorn. As corporate trustee, Hawthorn could also make discretionary decisions about trust distributions.
Customer Benefits
You are assured that there will be a smooth transition as you reduce your active management of family wealth, while decreasing the risk of family discord. |
