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beneficiaries

September 1, 2002

Family trusts, set up to take care of the welfare of family members, are often a source of confusion for beneficiaries. Education about the specific details of trusts is as important as legal structures and will ensure the long-term success of the family business

Patricia M Angus is a lawyer and consultant to high net worth families on governance and philanthropic planning. She is Counsel to Day, Berry & Howard in New York.

Family trusts, set up to take care of the welfare of family members, are often a source of confusion for beneficiaries. Education about the specific details of trusts is as important as legal structures and will ensure the long-term success of the family business

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