ESTATE-PLANNING-LAW5 MIN READ
The Trustee and the Family Business
Counsel a fiduciary on prudent-investor diversification without sounding dismissive of family history.
Samir S New trustee of a family trust 1 Acknowledge 2 Set standard 3 Document process The tension 20 sec Family meaning meets fiduciary duty The trust is 82% family-company stock, and the income beneficiary says any sale dishonors the settlor. The trustee needs a process, not a reflexive sale or reflexive hold. 82% single-company concentration beneficiaries affected The formula
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