Diefendorf

A purposeful trust is an attractive alternative to a traditional trust and an effective mechanism to perpetuate values rather than money and property. Purposeful planning is the process of capturing and preserving your intangible assets and values-your personal and social wealth. Unlike a traditional trust, a purposeful trust does not focus solely on the transfer of financial wealth, and it avoids many of the common problems in a typical transfer of wealth between generations. This book shows how to split assets in a new way that protects and preserves them. It outlines what a purposeful trust is and shows you exactly how to create one. It dispels many of the myths and misconceptions surrounding purposeful trusts. It gives you information on domicile selection, costs and fees, the key components of a purposeful trust, and how to plan for and implement a purposeful trust.