Dear Global Family Enterprise Community,
Happy Friday! Trusts are a commonly used but often not well understood way to hold and transfer family businesses, wealth and philanthropic ventures across generations. Here are three ways to learn more:
The Descendants: Matt King (played by George Clooney), and his family have recently learned that the trust that has held 25,000 acres of land in Kauai, Hawaii for the benefit of generations of family members will soon end. Not only does the family need to sell the land, but they need to have the foresight to know how to best develop Kauai.
Lives in Trust: By George E Marcus and Peter Dobkin Hall is a historic examination of the impact and prevalence of trusts.
Stay safe. Stay healthy. Stay tuned …
The Global Family Enterprise Program