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Weighing the Pros and Cons of Managing Your Own Trust or Foundation
Manage episode 381333296 series 3503593
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Welcome to the latest episode of Wealth Uncensored. Today, we're diving into a crucial topic: the risks and disadvantages of managing your own trust or foundation. While the allure of control can be enticing, there's much more to consider. We'll explore these drawbacks and discuss how you can maintain influence while mitigating the risks.
Chapter Summaries;
(0:00:39) - Introduction to the episode: Pros and Cons of Managing your Own Trust or Foundation
(0:01:12) - Task Risks
(0:03:00) - Asset Protection Risks
(0:03:36) - Privacy Concerns
(0:04:12) - Proper Administration and Corporate Governance
(0:04:48) - Outside Pressure
(0:05:24) - Mitigating the Risks
(0:07:48) - Closing Remarks
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