Trust Owned Family Enterprises: Pitfalls and Practical Suggestions When Naming Trustees Who Also Serve on Board of Directors

Trusts and Estates Partner, Patricia Annino, shares her insight on the complicated situation occurring when the family enterprise is owned in trust and the trustees simultaneously serve on the Board of Directors. Read the full FFI article here.

“It is, of course, interesting to note (and not unusual) that the founder took 35 years to build a significant business and only two hours to decide what the disaster plan should encompass.” – Patricia Annino

Patricia M. Annino is a partner in Rimon’s Trust and Estates Group. A nationally recognized authority on estate planning and taxation, Ms. Annino has more than 30 years of experience serving the diverse needs of families, individuals, and owners of closely held businesses. Access Patricia’s full biography.