Many families are not aware of important legal issues that affect their 18 – 21-year-old children. Parents are often so focused on the fact that the drinking age is 21 that they do not realize that their 18-year-olds are, for most other purposes, adults in the eyes of the law. Parents no longer have the same access to information or control over their children after age 18. Proper planning for the legal issues that arise with an 18 – 21-year-old child can help avoid problems later.
There is no “one size fits all” when it comes to the needs of our clients. In our experience, families turn to Hemenway & Barnes for assistance for a wide range of needs including:
- Estate and tax planning
- Family governance
- Family philanthropy
- Fiduciary services
- Investment oversight
- Wealth education of children
Additional services might include assistance with aspects of daily living, such as financial planning, budgeting, bill paying, hiring and managing contractors and staff, and assistance in organizing care of elderly family members.
Hemenway Trust Company can also:
- custody and manage IRAs.
- serve as a corporate trustee managing, advising on and investing trust assets as part of a total portfolio.
- provide comprehensive trust administration and tax planning and reporting.
- consolidate the oversight, management and reporting of all your assets so you have a 360-degree view of your net worth and financial position.