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DTSTART:20251015T160000Z
DTEND:20251015T170000Z
LOCATION:Zoom webinar
UID:2789720251015T160000ZPurpose Trusts
DTSTAMP:20260501T191857Z
DESCRIPTION:\nTopic:\n \nPurpose trusts are different from ordinary common law trusts because they have no ascertainable beneficiaries who have standing to enforce the fiduciary obligations of the trustee. Instead of beneficiaries, purpose trusts exist to serve a purpose and appoint an enforcer or protector to enforce the fiduciary obligations of the trustee to serve the stated purpose of the purpose trust.  This timely discussion will provide you with important information regarding these types of trusts, which have gained attention recently due in part to a gift to a purpose trust made by Yvon Chouinard, the founder of Patagonia, in September 2022.\n \nEllen K. Harrison, Esq. of McDermott Will & Schulte\n \nEllen K. Harrison advises clients on a broad range of tax issues, including estate planning and administration, tax controversies, and income, gift and estate tax planning for individuals, businesses and charitable organizations. She has significant experience drafting wills, trusts, powers of attorney, prenuptial arrangements and buy-sell agreements, as well as a broad range of corporate documents and family partnership agreements. Her tax controversy and litigation experience includes Internal Revenue Service (IRS) audits, IRS appeals, refund claims and US Tax Court litigation.\n \nNatalie Reitman-White of Purpose Owned, LLC\n \nNatalie Reitman-White is the principal at Purpose Owned. Natalie is a leader and change maker, nationally recognized for her work on transformative ownership and investment models.  Natalie has over two decades of experience as an executive in the food sector, developing and leading strategic initiatives in sustainable business, trade advocacy, organizational development, governance and human resources. In 2018, she pioneered one of the first-in-the-nation Perpetual Purpose Trust ownership transitions with Organically Grown Company. Following that she co-founded and spent 5 years at Alternative Ownership Advisors, specializing in ownership and governance design. She is a sought-after educator and consultant, helping dozens of companies to explore and implement tailored ownership and finance solutions to help them stay independent and mission-driven into the future. \n
SUMMARY:Purpose Trusts - Estate Planning Council of Northern New Jersey 
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