Delaware Beneficiary Well-Being Trust Statute: Kristin Keffeler In Conversation with Todd Flubacher
Give Beneficiaries a Fish, You Feed Them for a Day. Teach Beneficiaries to Fish, You Feed Them for a Lifetime.
The cross-disciplinary endeavor of enhancing beneficiary engagement, growth and well-being is a sticky and important challenge many advisors face. And yet, how do we move from these ideals to practical application both in drafting and administrating trusts? Delaware is at the forefront of change.
In this presentation, we will discuss the new § 3345 of Title 12 of the Delaware Code. An overview will be provided of an empirically-backed framework to:
- Define well-being
- The uses and benefits of the new Beneficiary Well-Being Trust Statute
- How traditional planning tools may impact beneficiary well-being
- How to incorporate new tools into traditional trust planning
Learning Objectives include:
- Highlighting how traditional trust planning has been limiting and, at times, detrimental, to beneficiaries.
- Defining a framework for well-being that can be applied to all beneficiaries’ age- and stage-appropriate growth and development.
- Discussing how Delaware’s new Beneficiary Well-Being Trust Statute works and how it can be used to create trusts that not only manage, grow and protect wealth as it is transferred to future generations, but also serve as the financial resource that can provide beneficiaries with tools for their growth and development.
- Illustrating how the new Beneficiary Well-Being Trust Statute goes beyond standard HEMS clauses and is more actionable than a Letter of Wishes.
To register, click here.
Meet the Speakers:
Todd Flubacher
Partner
Morris, Nichols, Arsht & Tunnell LLP
Kristin Keffeler
Chief Learning Officer
Johnson Financial Group
