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Utilizing Purposeful Trusts to Secure Your Family Business Legacy | The Family Biz Show Ep. 20
Season 1
Episode 20
Published 5 years, 2 months ago
Description
You'll Learn:
- Why having a "family-run business" versus a "family-in business" is so important.
- Controls vs. roles: Understanding the difference when it comes to family, shareholders and employees when the business is held in trust.
- The huge impacts of changing what to why when making decisions.
- The intricacies of creating a trust in perpetuity for the family business.
- What does it mean to have a GOAL Standard for a trust?
- Purposeful naming of trusts; and how it can reshape the trajectory for generations to come
If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form!
CRN-3405779-011421