Families have a variety of options when they select a trustee to administer their Wyoming trusts. There are two traditional options: an institutional trustee, such as a trust company, or an individual trustee, such as a family member or trusted advisor. In either case, these traditional trustees may not meet all of a family’s unique […]
Benjamin Walter
How to Avoid Four Estate Planning Pitfalls
In 1973, the artist Pablo Picasso died with an estate worth $100-$250M and no estate plan. The ensuing battle over his estate lasted six years and cost $30M. This was good for lawyers and not so good for Picasso’s descendants! Unfortunately, Picasso’s estate is just one example of one of four common estate planning pitfalls. […]
Private Client Services: Family Office Quarterback
The term “family office” is hard to define because it appears in so many different forms. There’s a well-known saying, “Once you’ve seen one family office, you’ve only seen one.” Some family offices are comprised of nothing more than a financial advisor. This advisor coordinates services with external tax experts, insurance providers, bankers, brokers, and perhaps […]