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The Williams and Presser research reveals the 70/80/90 principle and indicates that 90% of wealth transitions fail.
The Williams and Presser research reveals the 70/80/90 principle and indicates that that 90% of wealth in the second generation are in a found in a trust.
The majority of wealth transition failures are related to a lack of trust and poor communication within the family system and a lack of process for preparing heirs.
A trustee focused on developing the beneficiary will spend less time mentoring the beneficiary than in administrative tasks for the trust.
Remittance addiction is when trust beneficiaries who are perfectly able physically and mentally but are as dependent on the trust remittance as alcohol or drugs.