A Better Way: Using Purposeful Trusts to Preserve Values & Valuables in Perpetuity - Softcover

Diefendorf Jr., Monroe M.

Softcover

ISBN 10: 1493761714 ISBN 13: 9781493761715

Publisher: CreateSpace Independent Publishing Platform, 2013

Synopsis

A purposeful trust is an attractive alternative to a traditional trust and an effective mechanism to perpetuate values rather than money and property. Purposeful planning is the process of capturing and preserving your intangible assets and values—your personal and social wealth. Unlike a traditional trust, a purposeful trust does not focus solely on the transfer of financial wealth, and it avoids many of the common problems in a typical transfer of wealth between generations. This book shows how to split assets in a new way that protects and preserves them. It outlines what a purposeful trust is and shows you exactly how to create one. It dispels many of the myths and misconceptions surrounding purposeful trusts. It gives you information on domicile selection, costs and fees, the key components of a purposeful trust, and how to plan for and implement a purposeful trust.

About this title

About the Author

Monroe M. “Roey” Diefendorf, Jr. is the CEO of Diefendorf Capital Planning Associates and has been active in the business since 1970. He holds a BA from Bucknell University in Psychology and a Masters in Insurance from Georgia State University. He has achieved the designations of Chartered Life Underwriter (CLU®), Chartered Financial Consultant (ChFC®), Certified Financial Planner (CFP®), Registered Financial Consultant (RFC®), Certified Investment Management Analyst (CIMA®), Certified 3 Dimensional Wealth Practitioner (C3DWP®), and Chartered Advisor in Philanthropy (CAP®). “When I began my career in wealth management, we established trusts to protect and preserve one’s tangible assets. We focused on the “preservation of principal.” I have come to realize that “preservation of principles” is paramount. Purposeful trusts now allow us to do just this – read on.” In 2005, Roey Diefendorf co-authored a book that redefined wealth. 3 Dimensional Wealth is made up of Financial Wealth (what you have), Personal Wealth (who you are) and Social Wealth (how to make a difference). This new perspective about “total” wealth requires a fresh look into trust management. “A Better Way” brings it all together and provides a path to follow where none previously existed.

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2013
• Language: English
• ISBN 10: 1493761714
• ISBN 13: 9781493761715
• Binding: Paperback
• Number of pages: 146