Several generations of a wealthy Florida-based family interviewed and agreed on a fiduciary provided by USFid to serve as trustee, or co-trustee, in a number of entities that are part of a complex planning process. The fiduciary has worked closely with the family’s lead law firm, Greenberg Traurig, and with several CPA’s who are part of the team. The fiduciary has participated in many meetings with family members, enhancing their comfort level and understanding. The family is grappling with how best to assure expert governance of two philanthropic foundations that will focus on areas of interest to the patriarch. A USFid individual will play a key role in the charitable organizations.
A widower in the mid-Atlantic region, surprised at the increase in his stock portfolio during his later years, elected to review his entire situation. With guidance from family members, he sought a fresh perspective from the Pillsbury law firm in Washington. The firm worked with the client’s long-time CPA and created several partnership structures with subsequent gifting of partnership interests. USFid provided a fiduciary who helped manage the partnerships and subsequently served as personal representative of the client’s estate.
An international tax partner at Chadbourne & Parke in New York asked USFid’s help in working with a family whose several generations reside in various European countries, in Canada, and in the United States. USFid provided fiduciaries to serve as co-managers of several investment companies and as trustees of various family trusts. Among many duties, the fiduciaries are involved in evaluation of investment objectives and strategies and selection and supervision of asset managers.