Family feuds are the most destructive force in trust and estate planning. When a senior generation of a family dies or decides to pull back from leading a family company, long suppressed rivalries, disputes and inter-personal conflicts rise to the surface and have an adverse impact on the company’s operations and value. These disputes often place planners in the extremely difficult spot of having gain the trust of warring factions, understand their grievances, and use the tools of planning to help them and company find a value-preserving resolution of their conflicts. This program will provide you with a real-world guide to identifying and resolving family feuds in trusts.
Handout Materials will be emailed to you prior to the seminar
Starts 12:00 p.m.
1.0 MCLE Credit Hours
· Sources of family feuds in trusts and techniques to resolve short of litigation
· Disputes involving distributions, control of assets/family business, personal rivalries, lack of communication
· Techniques for resolution – outside consultants, ongoing family meetings, lifetime gifting, distribution standards
· How choosing trustees can provoke or dampen family disputes
· Practical problems when an operating business is held in a family trust
· How to work with warring family factions while protecting yourself as lawyer
Daniel L. Daniels, Wiggin and Dana, LLP – Greenwich, Connecticut