Virtual Roundtable Discussion – Guiding from the Grave: Using Letters of Wishes to Communicate Client Intent
Thursday, July 20, 2023, from 4– 5:30 p.m. ET
A Letter of Wishes is a non-binding side document that can be incredibly helpful for fiduciaries or others interpreting and administering trusts and other estate planning instruments. Such a communication from an instrument’s creator can provide an important opportunity to clarify intentions, even from beyond the grave. On the other hand, if done poorly, such a document can produce chaos and even litigation. Join The UHNW Institute for our next virtual roundtable discussion that will help you wisely guide clients in their development, communication, and use of Letters of Wishes.
Some of the specific topics this roundtable will explore include:
- What is a Letter of Wishes (LOW)?
- How do LOWs come up with clients during the planning process? What is the process for getting a LOW prepared? Who takes the lead in getting them done?
- How is a LOW designed?
- With whom are LOWs shared and when?
- How do fiduciaries use LOWs for interpreting the governing instruments? Risk of litigation or of causing disputes? Disclosure in litigation?
- What are some useful reference materials for those wishing to utilize LOWs with clients?
As a result of this 90-minute virtual session, attendees will gain practical knowledge about how to develop Letters of Wishes with trust grantors, communicate them to beneficiaries and trustees, and assist with their use as trusts are administered.
The event and discussion are only available for UHNW Institute members. Members can register by clicking here. If you are interested in learning more about joining The Institute or attending this roundtable, please do not hesitate to contact us.
Meet the Panelists:
Moderator – Wally Head, Founder and Principal, Personal Fiduciary Advisors, LLC; Founding Board Member of The UHNW Institute
Panelist – Kim Kamin, Partner and Chief Wealth Strategist, Gresham Partners LLC; Advisory Board Member and Faculty Domain Chair of the Legal and Estate Planning Domain, The UHNW Institute
Panelist – Pam Lucina, Chief Fiduciary Officer and Trust & Advisory Practice Leader, Northern Trust Company; Advisory Board and Faculty Member, The UHNW Institute
Panelist – Amelia Renkert-Thomas, Founder & President, Renkert Thomas Consulting; Domain Chair for the Leadership & Transition Planning Domain, The UHNW Institute