Our Fiduciary Insights series offers thoughtful perspectives on trust and estate administration, fiduciary best practices, and the evolving needs of families and advisors. Each article reflects our attorney-led commitment to the long-term care and preservation of the legacies we’re entrusted to protect.
The largest wealth transfer in American history is already underway. Cerulli Associates projects that $84.4 trillion will move from older generations to heirs and charities by 2045, including more than $72 trillion directly to beneficiaries [1]. Baby Boomers alone are expected to transfer more than $53 trillion. The most immediate impact of this transition is not financial. It is legal. Across the country, trust and inheritance disputes are rising in both volume and complexity as unprecedented amounts of wealth change hands. Why Trust Litigation Is Increasing 1. Family structures are more complex. Blended families, stepchildren, second marriages, and nontraditional households are now common. The American…
When it comes to naming a trustee, many families instinctively think of a corporate trust department at a major bank. For discerning clients, a private professional trustee often provides a far better fit: especially when the goal is to preserve intent, values, and legacy. In recent years, more families and advisors have sought a higher standard of fiduciary service: one that blends professional expertise with personal attention. Unlike institutional departments, a private fiduciary relationship allows for meaningful connection, accessibility, and true alignment with the client’s long-term vision. Here are five key advantages of working with a Private Professional Trustee: 1. Personalized…
Read More > Why High-Net-Worth Families Are Choosing Private Trustees Over Banks and Institutions