Planning Considerations for the Modern Family

Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, spoke at the Family Office Exchange Senior Management Council. As the traditional nuclear family has changed because of evolving social and legal norms, there are implications for family offices and dynastic wealth in family governance, how services are provided, how existing trusts are interpreted and how new estate planning instruments are drafted. The discussion included the impact of divorce and marital status, defining descendants, artificial reproduction technologies, posthumous reproduction and much more.