The investor allocator will need to be mindful of…

The investor allocator will need to be mindful of those trustee responsibilities. Hopefully, the family trust instruments will grant the trustees the broadest possible investment discretion. Such a broad grant of investment authority will make it simpler for the trustees to accept their investment allocations within the family's overall asset allocation plan. The trustees' need for broad investment discretion is particularly necessary if higher-risk investments are to be allocated to the trusts.

— from The Flight Plan (Purpose/Wisdom/Risk) · Complete Family Wealth by James E Hughes Jr., Susan E. Massenzio, and Keith Whitaker

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