Henry Phipps devoted the rest of his life to philanthropy and capitalized Bessemer Trust.
Holly Isdale, managing director at Bessemer Trust, said most people have not focused on whether their existing wills still fulfill their intent.
"I don't think most people have focused on it," said Holly Isdale, managing director at Bessemer Trust.
Bessemer Trust, which manages the wealth of the Phipps clan, is headquartered in the village.
"We don't talk about this a lot," said John R. Whitmore, chief executive of Bessemer Trust.
He also said that his family owned a bank, Bessemer Trust, a privately held financial management company based in New York.
Holly Isdale, managing director at Bessemer Trust, said she likes to break down this task into "high priorities and someday-maybes."
The bridegroom's mother is an executive assistant in New York at Bessemer Trust, the financial management company.
His mother, who is retired, was a secretary with Bessemer Trust, a bank in New York.
Her father is a senior vice president of Bessemer Trust in Palm Beach.