Thomas Monroe

In this engaging discussion, Thomas Monroe, Founder and President of Blue Sky Trust, delves into the vital role of trustees in wealth planning. He emphasizes that choosing the right trustee is key to navigating complex family and tax dynamics. Thomas reveals how independence enhances decision-making and why it’s crucial in avoiding 'trust fund baby' pitfalls. The conversation also highlights innovative strategies for pre-liquidity planning and the importance of structuring to foster independence while preserving family values.