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2016 Workshop Teaches How to Optimize the Trustee-Beneficiary Relationships
Chicago, March 24, 2016 – Family Office Exchange (FOX), a global membership organization of enterprise families and their key advisors, has announced the agenda for its 2016 FOX Trustees & Beneficiaries Workshop, June 22-23 in New York City. The 2016 edition of this popular two-day workshop features a new focus on the roles and responsibilities of beneficiaries in the critical trustee-beneficiary relationship, in addition to an in-depth look at the duties of a trustee.
“The FOX Trustees & Beneficiaries Workshop is a unique training opportunity that’s designed to help trustees and beneficiaries be more confident, better prepared, and develop a stronger relationship,” says Mariann Mihailidis, Managing Director at Family Office Exchange. “The workshop covers all the roles, risks and responsibilities of both trustees and beneficiaries, so all trustees and beneficiaries are strongly encouraged to attend.”
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Beneficiaries - New modules for Beneficiaries including discussion of the concept of the “Office of the Beneficiary.”
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Trustees - A broader view of the trustee role, clarifying that it is not just a job but an important role in the life of the beneficiary.
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Risk - The Risk section will highlight how to stay out of trouble using actual cases to illustrate the message.
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Investment - The investment section covers the requirements and duties for investing on behalf of current and future beneficiaries. New for 2016, it also now includes considerations for when a portion of the assets are invested in a closely held business.
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Relationships - Finally, we have expanded the section on building relationships between trustees and beneficiaries—especially when the beneficiaries are from different generations, which leads to issues of communication style and education needsThe report is the culmination of a yearlong research effort that began at the 2015 FOX Thought Leaders Council Summit, an annual meeting where the family office industry’s top advisors work collaboratively to address strategic issues impacting families.
“We may not offer this workshop annually moving forward, as we have to make room for other subjects in our Workshop series, so if you are a trustee or trust beneficiary, now is the time to take advantage of this unique and fundamental learning opportunity,” says Mihailidis. “Even if you have attended the Workshop before, this year's expanded and updated agenda makes it well worth your while to attend again."
To learn more about the FOX Trustees and Beneficiaries Workshop, visit https://www.familyoffice.com/learning-events/workshops/trustees-and-bene....
About Family Office Exchange
Family Office Exchange (FOX) is the premier global member network for enterprise families and their advisors who are pursuing best practices for managing their family enterprise and growing their family wealth. The community includes over 8,000 family leaders and sophisticated advisors from 500 organizations in 20 countries who utilize FOX’s resources each year for advice, networking, education, and best practices in wealth management.
FOX is headquartered in Chicago with offices in New York, Santa Barbara, Sydney, and London. For more information about FOX email us at info@familyoffice.com or visit www.familyoffice.com.
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