Strengthen Family Bonds and Increase Intergenerational Wealth with a Family Bank

Families of wealth often want to help their relatives financially but are justifiably concerned about what those individuals will do with the money and how having access to significant sums might affect their values and behavior. While making family trust distributions is a way to provide discretionary income, it’s a framework that gives the trustee control over when and how much money to give to a beneficiary. However, that process is not collaborative. A family bank provides an alternative that also offers a setting where family members can work together toward a common goal and increase intergenerational wealth.