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About the webinar... Elevating Beneficiary Well-Being: A Shift from Distribution to Empowerment-Centered Planning
This session will review the 2024 Delaware Trust Act. These concepts can be used in estate and philanthropic planning and implementation to prepare the planning beneficiaries for the inheritances they will receive. At our Mastering Multigenerational Wealth Conference in October, Jay Hughes reported that he had interviewed 200 families with one simple question: Can your family “live” your plan? So far, only one family said yes. Although Jay’s study is not yet complete, the first 200 families revealed the stark reality that traditional planning— which focuses on distributions to the beneficiaries rather than enhancing them— is not working. And in August 2024, the 2024 Delaware Trust Act was enacted. That Act explicitly authorizes “Beneficiary Well-Being Trusts.” The official synopsis of the legislation states: “The purpose of the Beneficiary Well-Being Trust is to provide wealth management training and services for the beneficiaries’ mental health and well-being and to educate beneficiaries about their family history and legacy, family values and dynamics, family governance, and philanthropy, all as more fully described in § 3345 of Title 12.” The statute authorizes the Trustees to provide these services or may hire and pay third parties or affiliates from the trust estate to provide beneficiary well-being programs. If the Trustee provides any of these services, they will be compensated for that work in addition to their normal Trustee fee. The concepts of Beneficiary Well-Being Trusts are not limited to Delaware Trusts. They can be used in all multigenerational planning utilizing a number of tools, trusts, and structures. About the presenter...
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Rodney “Rod” C. Zeeb, JD, HDP™
Founder & CEO, The Heritage Institute® and Genacy™
Founder & CEO, Genacy™
Rodney “Rod” C. Zeeb, JD, HDP™, is the Founder & CEO of both The Heritage Institute® and Genacy™. The Heritage Institute provides training for trusted professionals in addition to Heritage Design Professional® (HDP™) certification. Genacy works with families multigenerationally, directly or in collaboration with their trusted professionals. The Heritage Institute also conducts and distributes original research, offers mentoring, coaching, and marketing support for professional advisors, and provides consulting services directly to individuals and families. Rod has over three decades of experience in estate planning, charitable planning, and heritage design and is recognized internationally for his contributions to the field. Rod is the host of the “Trusted Advisor’ podcast, speaks on issues related to multi-generational planning, is the author of Beating the Midas Curse (now in its 3rd Edition) and Family Stewardship, co-author of the novel What Matters, and has been quoted in both US and international publications. Rod graduated Summa Cum Laude from Willamette College of Law in 1986, where he was Editor-in-Chief of the Willamette Law Review.
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