May 9, 2022
High-net-worth families want to avoid contentious wealth transitions and trust disputes that not only could lead to costly litigation, but also unwanted attention from regulators and tax authorities across the globe. Though there are no “right” ways for families to make decisions, successful families have one thing in common: strong family governance. Kobre & Kim’s Adriana Riviere-Badell – who focuses on high-profile trust and estates disputes and multijurisdictional civil litigation – discusses during STEP Miami’s 11th Annual Summit in a session at 3:15 pm Miami time, Friday May 13, 2022.
Family governance is a framework for communication and decision-making among its members, providing a roadmap to organize the family through various documents and systems that – along with the wealth creators’ knowledge and values – guide wealth transitions. During the session, “Trusting the Trust – How Family Governance is Integral to Mitigating Trust Litigation: Family Governance and Trust Litigation,” Ms. Riviere-Badell, joined by Anne Bucciarelli of Bernstein Private Wealth Management, will examine how building family governance is crucial to mitigating trust litigation and avoiding contentious trust disputes.