Strengthening “Trust” in Trustees – Creating a Letter of Wishes for Trustees

Have you named a corporate trustee? Created a dynasty trust that will extend for generations? Given your trustees broad authority to make discretionary distributions? If so, and you want your trustees and successor trustees to deeply and genuinely understand what you had in mind, you’ll want to consider creating a non-binding letter of wishes. Such a document, or recording, allows room for a full and natural expression of your intent, yet does not limit the authority of the trustee. In this presentation, you will:

  • Understand the parameters of statements of wishes
  • Hear a number of examples
  • Receive an easy to follow outline for creating a statement
  • Get helpful tips for creation, including ideas for countering procrastination
  • Make it real for yourself: engage in a brief, private writing exercise

Contact Susan Turnbull about being a presenter.