In this podcast episode, Tom chats with Antony Joffe, chairman of Sterling Trustees, to discuss the importance of trust administration and the role of independent trustees. They explore the benefits of trusts for wealth protection and generational legacy, the advantages of South Dakota's trust laws, and the common misconceptions surrounding estate planning. Antony emphasizes the need for financial education for beneficiaries and the importance of choosing the right trustee to avoid family conflicts. Tune in to hear more from this episode!
Highlights
04:40 - Antony's unexpected career path
06:35 - Importance of trusts in legacy planning
09:56 - Challenges of independent trustees
12:15 - Why South Dakota for trust laws
15:12 - Importance of teaching financial responsibility
17:39 - What families often get wrong about trusts
19:32 - Keeping it simple: Trust design advice
Episode Resources
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