“Give a man a fish, feed him for a day.
Teach a man to fish, feed him for a lifetime.”
Confucius
Teach a man to fish, feed him for a lifetime.”
Confucius
“Learning is a treasure that will follow its owner everywhere.”
Chinese Proverb
| It is not often appreciated that when you create a trust for your children & grandchildren, you are creating a Relationship between those beneficiaries and the trustee. You should ask yourself “What type of relationship do you want this to be?” How can you ensure that this “arranged marriage” is going to be a “good relationship” having a positive impact on the lives of the beneficiaries?
Another question is how can a Trust have a positive impact on the lives of the beneficiaries, if the Roles and Responsibilities of the parties to the Trust are not clearly understood? Beneficiaries need to be educated to be Good Beneficiaries; they need to be educated about Trusts; they need to know what their roles & responsibilities as beneficiaries are. |
