Family Trust Business Consultants

Expertise for Family Held Businesses

Sometimes a trust or estate may hold a closely-held business asset. As a corporate fiduciary, you’re in the business of administering trusts and estates, not assessing, operating or liquidating a business. On occasion a trustee or executor may require the services of an experienced and objective advisor to provide third-party insight into important matters and decisions. Sherwood Partners’ deep expertise in finance, operations, valuation and accounting enables us to provide sophisticated advice that is highly relevant to this asset class.

Change always creates a variety of challenges. To protect against potential disasters, trustees and stakeholders frequently seek an independent counsel on the wellness of their assets. Sherwood’s substantial experience in corporate restructuring, bankruptcy and business opinions enables us to quickly assess situations and reach careful conclusions.

Fiduciary

Your clients have reposed trust and confidence in you to preserve the wealth that they have worked so hard to create for the next generation. And law imposes upon you the highest and most important duties as a result. Your duties as a fiduciary may have some or all of the following:

§         The duty to exercise such skill as a person of ordinary prudence would under the circumstances (the “Prudent Person Rule”)

§         The duty to employ special skills (i.e., specialty asset management)

§         The duty to invest prudently (the “Prudent Investor Rule”)

§         The duty to preserve or takes steps to preserve the trust or estate property

§         The duty to delegate prudently when such delegation is appropriate

You can rely on Sherwood to help you fulfill these important legal obligations. Sherwood can assist in developing a complete and thorough analysis, including the evaluation of direction and recommend potential alternatives. Sherwood’s Wellness Review™ can be of great assistance in reaching a well-informed decision. Independent advice helps to document the consideration process behind important matters and promote the use of sound business judgment, free from bias or potential conflict of interest.

At Sherwood we believe consulting services must be more than leaving behind a report. We assist in change integration.

§         Financial and operational “Best Practice” direction and solutions

§         Forensic accounting and the Sherwood Wellness Review™

§         Managed liquidations and wind-downs

Generation to Generation

Business Consulting for Family Held Businesses

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