AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Google Antitrust Redux, Debate Predictions, and Guests Sue Bird and Megan Rapinoe
Pivot
Control and Trust: A Balancing Act of Interests
2min Snip
00:00
Summary
Transcript
Episode notes
The structure of an irrevocable trust offers tax benefits and asset growth by relinquishing control. A loophole may exist if control can be shifted from multiple parties to one based on the claim that it serves the trust’s best economic interests. This presents a challenge to justify such a change to a judge, particularly if the argument hinges on political ideology rather than clear economic advantages. Convincing a judge of the superior fiduciary capability of one party over others can be complex, especially in a context where siblings assert equal business acumen. Ultimately, the interplay of personal control preferences, political beliefs, and fiduciary responsibilities significantly impacts asset management strategies within irrevocable trusts.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode