Family Dynamics
Below is a collection of some more personal aspects that may arise as part of you or your client’s holistic plan and needs.
Who We Remember: Every Life Has a Story
“Whose life story from your own family would you most want to have documented on film?” In this moving episode of Who We Remember, host Jamie Yuenger talks with Patricia Angus, family legacy advisor, about her great-grandfather, Francisco Escobar. Patricia recounts…
Trust Ownership of Family Businesses:
Planning for the Future
By Patricia M. Angus – Originally published in Trusts & Estates, February 2024 The scenario is all too common. The founders (or non-founding owners) of a family business realize it’s time to do some estate planning. Their email inboxes have been…
Mental Health and Estate Planning
Patricia joins Arden O’Connor of the Beyond the Balance Sheet podcast in a discussion about estate planning with mental health and addiction issues in mind. Patricia outlines the first steps that families need to take before starting their estate plans.…
How Should Wealthy Parents Treat Wayward Offspring?
by Emma Jacobs – Originally published in Financial Times on May 26, 2021Giving children too much money, too early, risks indulging them and making them irresponsible. Patricia Angus and other experts offer advice on the delicate balance wealthy parents face…
Permanent Rifts or Temporary Fissures?
Advising clients and bridging divides in a time of turmoil By Patricia M. Angus – Originally published on Trust and Estates on January 19, 2021 When I started writing under the theme “building bridges,” eight years ago, I had two goals in…
COVID Conversations
By Patricia M. Angus – Originally published in WealthManagement.com April 2020 By now, unless you work in health care or an “essential business,” you’ve likely settled into “self-isolation” mode. Working at home, your family is now nearby—physically and/or on the…
Family Enterprise in the Spotlight: Key Takeaways from the Sackler Family Enterprise Story
By Patricia M. Angus – Originally published by Columbia Business School Family Business Program in 2020 Introduction: Prior to the COVID-19 pandemic, the opioid crisis was considered by many to be the greatest public health threat to the well-being of…
Weddings, Engagements and Prenups
Help clients address the “what ifs” before the “I dos.” By Marvin Blum – Originally published on Trusts and Estates in February 2018. Tying the knot. Settling down. Getting hitched. Taking the plunge. Regardless of what you call it, getting…
Should Parents Tell Their Adult Children What’s in Their Estate Planning Documents? Yes.
By Patricia M. Angus – Originally published on Wealth Management.com in February 2015. In general, transparency is the best approach. In general, I believe transparency is the best approach to estate planning when a client has adult children. Of course,…
Planning Trust Administration to Avoid Conflict
By Patricia M. Angus – Originally published in WealthManagement.com in December 2014 In wealth management, the trust is the most common structure used to realize our widely recognized and accepted freedom of disposition. Within broad parameters, the law of trusts…
‘Tis the Season: Year-end planning that doesn’t lead your clients down the road to conflict
By Patricia M. Angus – Originally published on Wealth Management.com in December 2014. Year-end planning that doesn’t lead your clients down the road to conflict. Last month, I wrote about family business feuds and how they could be prevented more…
Family Feuds: Lessons learned from the headlines
By Patricia M. Angus – Originally published in Trusts & Estates, November 2014 Hardly a day goes by without a headline about a “family business feud” in the pages of national newspapers or in blasts from various media sources. It’s hard…
Beneficiary’s Choice
One way to reduce the chance of creating trust fund babies By Patricia M. Angus – Originally published in Trusts & Estates, August 2014 Among trusts and estates professionals, especially lawyers, but also family office executives, accountants and financial advisors, the…
Got Love? Getting to the “heart” of it
By Patricia M. Angus – Originally published on Wealth Management.com in February 2014. Valentine’s Day is always a bright spot in the midst of a sometimes (especially this year on the East Coast) long, cold winter. Long enough into the…
“Go Away”
A tried and true wealth preservation “technique” By Patricia M. Angus – Originally published in Trusts & Estates, August 2013 During the hazy, hot and humid days of summer, it can be hard for advisors to think about how to help…
What is a “Family?”
Supreme Court rulings highlight timeless estate planning questions By Patricia M. Angus – Originally published in Trusts & Estates, June 2013 This has been quite a week for legal rulings affecting the trusts and estates community: the Supreme Court essentially struck…
Family Meetings Come of Age: How to create an effective forum for all generations
By Patricia M. Angus – Originally published on WealthManagement.com, 2013 As older members of the Baby Boom generation were reaching adulthood, I spent many an hour watching the bevy of TV shows that were focused on the ways that the…
Island Hopping
An archipelago can be a model for healthy relationships. By Patricia M. Angus – Originally published in Trusts & Estates, December 2012 Last month, I had the opportunity to walk through a city that’s connected as much by its bridges as…
Family Governance Meets Family Dynamics: a Survey and Strategies for Successful Joint Philanthropy
By Patricia M. Angus and Fredda Herz Brown, Ph.D. – Originally published on NCFP Passages in 2007. The Smith family* had been running their foundation for about four years when it hit a roadblock. Mr. and Mrs. Smith, in their…
A Road Map: Choosing Advisors To Help Your Family With Governance and Family Dynamics
By Jane N. Abitanta, Patricia M. Angus, and Fredda Herz Brown – December 7, 2006 General Tips for Your Selection Process 1. Consider this a learning experience having a number of firms and/or individuals to choose from will help your…
Sharing the Family Vacation Home
By Patricia M. Angus – Originally published in WealthManagement.com July 2015 Five tips for making frolicking more likely than fighting. Ahh, summer. A time to…
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