Hartley Goldstone's guest appearances

Hartley Goldstone

Wealth of Wisdom

Let's Talk Family Enterprise

Tom McCullough

Thayer Willis

Lee Hausner

Howard Marks

Chris Brightman

Meir Statman

Myra Salzer

Charley Ellis

Jamie Forbes

Peter Evans

Alex Scott

Jim Garland

Christian Stewart

Lisa Parker

Dennis Jaffe

OwlTail

Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. What do Family Enterprise Advisors need to know about trusts? Hartley Goldstone shares the most important aspects of a trust, which he has learned over 30 years of experience. He also shares some valuable, actionable tips for advisors who will undoubtedly come across trust situations in their practice.   Guest Bio Hartley is a seasoned expert in the arena of trusts and has 30 years experience as a trust attorney and senior trust officer until 2009, when he set up his company, The Trustscape LLC, which focuses on helping clients create supportive trust cultures. In 2010, Hartley launched the Beneficiary and Trustee positive story project which culminated in his book Trustworthy, a collection of 25 stories capturing what has gone well in the trustscape. He is the lead author on the seminal work Family Trust, a practical guide on how to use trusts to pass on wealth. Key Takeaways [0:16] Ruth introduces Hartley Goldstone, his background and publications, and invites him to define the term Trustscape — a fluid system of relationships — that he himself coined. [7:22] From being an attorney to understanding that it all boils down to relationships: Hartley shares a fable that illustrates how he came to understand what hopes and dreams have to be addressed in a trust. [11:25] Hartley speaks to the long history of trusts, all the way back to the middle ages and how they relate to relationships. [15:20] Ruth talks about James E. Hughes Jr.’s comments on the staggeringly high number of trustees reporting that they are unhappy with their trust. Hartley touches on some beneficiary and trustee realities that could explain those numbers. [19:46] Hartley shares his vast experience in the form of six actionable ideas that advisors can use with their clients:  Choose a meaningful title Create a preamble Include letters of wishes to beneficiaries and trustees Distribution committees Education Read Trustworthy  [37:09] Ruth summarises the key elements Hartley shares during this interview and asks Hartley to share some reading suggestions. [42:33] Ruth thanks Hartley for his time and experience and invites listeners to subscribe and tune in for the next episode.   Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange Book:  Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators, by Hartley Goldstone, James E. Hughes Jr., and Keith Whitaker Book:  TrustWorthy: New Angles on Trusts From Beneficiaries and Trustees, by Hartley Goldstone and Kathy Wiseman   Hartley’s author suggestions:  James E. Hughes Jr.  Dr. Robert A. Emmons  Heidi Grant Halvorson  Dr. Dan J. Siegel   More about Family Enterprise Xchange Family Enterprise Xchange FEX on Facebook FEX on Twitter  FEX on LinkedIn FEX on YouTube   More about our guest hartley@navigatinvthestrustscape.com Hartley Goldstone’s website   Tweetables (edited) “The trustscape consists of everybody touched by a given trust from the creators, trustee beneficiaries to the advisors.” — Hartley Goldstone “Trusts have focused on relationships from the very outset, from the time they originated in England in the middle ages.” — Hartley Goldstone “Trusts solve problems and create relationships.” — Ruth Steverlynck “People think that trusts are legal structures that happen to involve human beings, but actually trusts are human relationships that happen to sit within a legal structure.” — Hartley Goldstone quoted by Ruth Steverlynck

Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. What do Family Enterprise Advisors need to know about trusts? Hartley Goldstone shares the most important aspects of a trust, which he has learned over 30 years of experience. He also shares some valuable, actionable tips for advisors who will undoubtedly come across trust situations in their practice. Guest Bio Hartley is a seasoned expert in the arena of trusts and has 30 years experience as a trust attorney and senior trust officer until 2009, when he set up his company, The Trustscape LLC, which focuses on helping clients create supportive trust cultures. In 2010, Hartley launched the Beneficiary and Trustee positive story project which culminated in his book Trustworthy, a collection of 25 stories capturing what has gone well in the trustscape. He is the lead author on the seminal work Family Trust, a practical guide on how to use trusts to pass on wealth. Key Takeaways [0:16] Ruth introduces Hartley Goldstone, his background and publications, and invites him to define the term Trustscape — a fluid system of relationships — that he himself coined. [7:22] From being an attorney to understanding that it all boils down to relationships: Hartley shares a fable that illustrates how he came to understand what hopes and dreams have to be addressed in a trust. [11:25] Hartley speaks to the long history of trusts, all the way back to the middle ages and how they relate to relationships. [15:20] Ruth talks about James E. Hughes Jr.’s comments on the staggeringly high number of trustees reporting that they are unhappy with their trust. Hartley touches on some beneficiary and trustee realities that could explain those numbers. [19:46] Hartley shares his vast experience in the form of six actionable ideas that advisors can use with their clients: <ul> <li>Choose a meaningful title</li> <li>Create a preamble</li> <li>Include letters of wishes to beneficiaries and trustees</li> <li>Distribution committees</li> <li>Education</li> <li>Read Trustworthy</li> </ul> [37:09] Ruth summarises the key elements Hartley shares during this interview and asks Hartley to share some reading suggestions. [42:33] Ruth thanks Hartley for his time and experience and invites listeners to subscribe and tune in for the next episode. Mentioned in this episode Let’s Talk Family Enterprise podcast is brought to you by <a href="https://family-enterprise-xchange.com/" rel="nofollow" target="_blank">Family Enterprise Xchange</a> Book: <a href="https://www.amazon.com/Family-Trusts-Beneficiaries-Protectors-Bloomberg/dp/1119118263" rel="nofollow" target="_blank"> Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators</a>, by Hartley Goldstone, James E. Hughes Jr., and Keith Whitaker Book: <a href="https://www.amazon.com/TrustWorthy-Beneficiaries-Trustees-showcasing-beneficiaries/dp/1480038822" rel="nofollow" target="_blank"> TrustWorthy: New Angles on Trusts From Beneficiaries and Trustees</a>, by Hartley Goldstone and Kathy Wiseman Hartley’s author suggestions: <a href="https://www.amazon.com/James-E.-Hughes-Jr./e/B001JRXAAK%3Fref=dbs_a_mng_rwt_scns_share" rel="nofollow" target="_blank"> James E. Hughes Jr.</a> <a href="https://www.amazon.com/robert-emmons/s?k=robert+emmons" rel="nofollow" target="_blank"> Dr. Robert A. Emmons</a> <a href="https://www.amazon.com/Heidi-Grant-Halvorson-Ph.D/e/B004GT04DE%3Fref=dbs_a_mng_rwt_scns_share" rel="nofollow" target="_blank"> Heidi Grant Halvorson</a> <a href="https://www.amazon.com/Daniel-J.-Siegel/e/B00459LSPI%3Fref=dbs_a_mng_rwt_scns_share" rel="nofollow" target="_blank"> Dr. Dan J. Siegel</a> More about Family Enterprise Xchange <a href="https://family-enterprise-xchange.com/" rel="nofollow" target="_blank">Family Enterprise Xchange</a> <a href="https://facebook.com/FamilyEnterpriseXchange/" rel="nofollow" target="_blank">FEX on Facebook</a> <a href="https://twitter.com/FEXcanada" rel="nofollow" target="_blank">FEX on Twitter</a> <a href="https://www.linkedin.com/company/family-enterprise-xchange" rel="nofollow" target="_blank"> FEX on LinkedIn</a> <a href="https://youtube.com/user/CAFECanada1" rel="nofollow" target="_blank">FEX on YouTube</a> More about our guest hartley@navigatinvthestrustscape.com Hartley Goldstone’s <a href="https://www.navigatingthetrustscape.com/" rel="nofollow" target="_blank">website</a> Tweetables (edited) “The trustscape consists of everybody touched by a given trust from the creators, trustee beneficiaries to the advisors.” — Hartley Goldstone “Trusts have focused on relationships from the very outset, from the time they originated in England in the middle ages.” — Hartley Goldstone “Trusts solve problems and create relationships.” — Ruth Steverlynck “People think that trusts are legal structures that happen to involve human beings, but actually trusts are human relationships that happen to sit within a legal structure.” — Hartley Goldstone quoted by Ruth Steverlynck

05: Hartley Goldstone on the Fundamentally Human Nature of Trusts

In common law countries, a very large proportion of wealth will be held in trusts by the third generation. As such, finding and retaining good trustees will be increasingly important. Yet, somehow, family trusts often preserve a family's financial assets, yet fail to preserve either family or trust. Hartley Goldstone, a trained lawyer and an experienced consultant to trusts and trustees, talks about how families can source great trustees and how trustees can ensure they fulfill their important responsibilities. He also shares the results of his substantial research and interviews with beneficiaries and trustees on what works most effectively and does the most good. 

In common law countries, a very large proportion of wealth will be held in trusts by the third generation. As such, finding and retaining good trustees will be increasingly important. Yet, somehow, family trusts often preserve a family's financial assets, yet fail to preserve either family or trust. Hartley Goldstone, a trained lawyer and an experienced consultant to trusts and trustees, talks about how families can source great trustees and how trustees can ensure they fulfill their important responsibilities. He also shares the results of his substantial research and interviews with beneficiaries and trustees on what works most effectively and does the most good.

Hartley Goldstone - How Do You Choose a Good Trustee?