Family governance is about family communication and family-focused decision making. Many estate planners shy away from anything that’s overtly family-focused. There are no Tax Code sections or court rulings to frame the discussion, and the topic is often considered too touchy-feely, something we weren’t taught about in law or business school. As a result, many clients end up with tax-efficient plans that become counterproductive—if not outright destructive—to the settlors and their future
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