trust management Quotes

Put not your trust in money, but put your money in trust.

The administration of government, like a guardianship ought to be directed to the good of those who confer, not to those who receive the trust.

A revocable living trust allows your heirs to avoid probate entirely and keeps you in complete control of your finances while you're alive. You can always make changes to what's in the trust and to how you'd ultimately like it managed or disbursed.

Wisdom comes from experience. Handling the people's money is not a job for a politician. There's too much temptation. It might be good to let an elderly man handle your money. He's looking for the Golden Gate, not the Golden Calf.

The role of a trustee is to ensure beneficiaries get the best returns, without the trustee benefitting.

In April, I asked my staff to determine if Senate rules and relevant laws would allow me to direct the trustees to sell any remaining HCA stock. In May, my staff worked with outside counsel and with the Senate ethics committee staff to draft a written communication to the trustees. After obtaining pre-approval by mid-June from the Senate ethics committee, I issued a letter directing my trustees to sell any remaining HCA stock in my family's trust.

The 'blind trust' is an age-old ruse. You give a blind trust rules. You can say to a blind trust, don't invest in properties which would be in conflict of interest or where the seller might think they're going to take advantage from me.

Trust is maintained when values and beliefs are actively managed. If companies do not actively work to keep clarity, discipline and consistency in balance, then trust starts to break down.

It would be stupid to confide your entire plan to one person. It’s infinitely smarter to give little pieces of it to each person working with you. That way, if someone betrays you, the loss isn’t too great.

Probably when I gave things to Slavica [ Ecclestone], you know the shares of the company, and things like that. And she put it all in trust and the trust sold the shares. Um, would I turn the clock back if I could and so I still owned the company completely? Probably yes. It probably wasn't a good decision, but it was the decision that had to be made. Was I happy that I made it? No.

The ability to establish, grow, extend, and restore trust is the key professional and personal competency of our time.

A trustee has a responsibility to guard the assets of others with a higher degree of care than he does his own.

There is no question that an important service is provided to investors by investment companies, investment advisors, trust departments, etc. This service revolves around the attainment of adequate diversification, the preservation of a long-term outlook, the ease of handling investment decisions and mechanics, and most importantly, the avoidance of the patently inferior investment techniques which seem to entice some individuals.