News

South Dakota Foreign Grantor Trust

For a myriad of reasons, including privacy and asset protection, wealthy families from around the world are seeking U.S. trust solutions. Because of the power and sophistication of its trust laws, international families are increasingly selecting South Dakota for trust situs of Foreign Grantor Trusts. Through appropriate planning and drafting, a South Dakota Foreign Grantor Trust may be established as a “foreign” trust for U.S. tax purposes and therefore treated the same as an offshore trust, while availing itself of powerful U.S. trust laws.

Bridgeford Trust to Present at the Holland & Knight 2017 South Florida Wealth Conference

David Warren, Co-Founder, President and CEO of Bridgeford Trust, will be presenting at Holland & Knight’s annual South Florida Wealth Conference taking place in Miami on November 8, 2017. Holland & Knight is a global law firm with more than 1,250 lawyers and other professionals in 27 offices throughout the world. The conference features topics including Estate Planning and Divorce, Planning for Special Assets (Aircraft, Yachts, Bitcoin), and Issues in International Wealth Planning. David will be presenting with Stewart Kasner, Kevin Packman, and Leon Fresco of Holland & Knight, on a panel entitled Issues in International Wealth Planning and will examine factors bringing international families to the United States for trust and wealth planning as well as the vital importance of selecting the proper trust jurisdiction in the planning process.

South Dakota Again Ranked as Top U.S. Dynasty Trust Jurisdiction

For the 6th consecutive year, South Dakota is again ranked as being the top Dynasty Trust state in the nation while Delaware, long considered a top tier trust jurisdiction, slips again in the rankings to the 8th position. A Dynasty Trust, not available in all states, is a powerful planning tool that essentially allows a trust to live in perpetuity (forever), therefore never subjecting the assets to federal estate taxation through a forced distribution. South Dakota was the first state in the nation to abolish the Rule Against Perpetuities in 1983, clearing the way for the creation of the first Dynasty Trust.

Join Us! Bridgeford Trust to Host SDTA’s Fall Forum Kick-Off Reception

Bridgeford Trust is hosting a cocktail reception in advance of the South Dakota Trust Association’s Fall Forum next week and we would love to see you there! As we highlighted in a previous post, this first annual Fall Forum is scheduled for October 26-27 at the Sheraton Sioux Falls & Convention Center and is presented by The South Dakota Trust Association, in coordination with the American Bankers Association. Bridgeford Trust is a sponsor of this forum and you can learn more about it and register by clicking here. For those of you who are attending, we invite you to join us for a cocktail reception in advance of the Fall Forum on Wednesday, October 25th from 5:30pm – 7:30pm at The Country Club of Sioux Falls. Click on the image below for more details. RSVP today to Melissa Roberson at mroberson@bridgefordtrust.com. We hope to see you there!

Bridgeford Trust to Sponsor the SDTA’s Fall Forum

Bridgeford Trust is excited to be sponsoring the South Dakota Trust Association’s first annual Fall Forum! The forum is scheduled for October 26-27 at the Sheraton Sioux Falls & Convention Center and is presented by The South Dakota Trust Association, in coordination with the American Bankers Association. The forum’s program will examine various aspects of South Dakota planning, updates from the South Dakota Governor’s Trust Task Force, the international communities’ interest in South Dakota, and will include nationally recognized speakers.

Bridgeford Trust to Sponsor STEP Latin American Conference

Bridgeford Trust is excited to be sponsoring the STEP Latin American Conference 2017 taking place on September 28-29, 2017 in Cartagena, Colombia! This sold-out conference features leading edge speakers and a program designed to inform and engage wealth structuring and trust and estate practitioners. David A. Warren, Co-Founder, President and CEO of Bridgeford Trust, will be attending the conference and if you are going to be there as well, we encourage you to visit Bridgeford Trust’s table!

South Dakota Beats Delaware for Best U.S. Legal Climate

According to an annual survey conducted by the U.S. Chamber of Commerce’s Institute for Legal Reform (ILR), South Dakota was deemed the best legal climate for business. Delaware, having held the top spot for several years fell to 11th in this year’s survey. The rankings are based on questions about impartiality and competence of judges, quality of appellate review, and treatment of class action lawsuits, among other things. Lisa Rickard, President of the ILR, said in an interview that “Delaware had been resting on its reputation while other states adopted changes and passed it by.” Click here to view the full survey.

Webinar Recap – A Tax and Privacy Haven: Coming to America

This webinar entitled “A Tax and Privacy Haven: Coming to America” was originally produced on Thursday, September 7, 2017. We hope that you enjoy the full recording of the presentation and additional resources offered below. This webinar was hosted by Bridgeford Trust Company President, CEO and Cofounder, David Warren. As the United States has become both a tax and privacy haven, wealthy families from around the world are seeking U.S. trust solutions. This webinar examined various worldwide factors for this historic movement of money into the United States, including FATCA, CRS, secrecy vs. privacy, and asset protection. This presentation objectively compared U.S. trust jurisdictions, accentuating the vital importance of selecting the correct U.S. trust situs for international families. The webinar concluded with a discussion of various privacy, tax, and asset protection planning tools available to international families in the United States. Watch or listen to a recording of the presentation below.

Bridgeford Trust to Participate in Newton One’s Webinar “U.S. Trust Laws: Coming to America”

Bridgeford Trust will partner with Newton One as a featured guest on their upcoming webinar entitled “U.S. Trust Laws: Coming to America” on August 22nd. Newton One specializes in providing financial services to individuals, families, closely and publicly held businesses, their owners, executive teams, and professional service providers to help them accomplish a variety of wealth accumulation, preservation and distribution objectives. Stephen Target, Partner with Newton One, and David Warren, Co-Founder, President and CEO of Bridgeford Trust, will come together to discuss Emerging and Dynamic U.S. Trust Law, pertaining to international families and assets coming to America.

Bridgeford Trust Webinar – A Tax and Privacy Haven: Coming to America

Bridgeford Trust is pleased to announce our upcoming webinar entitled “A Tax and Privacy Haven: Coming to America.” This webinar will take place on Thursday, September 7th, 2017 at 2 PM EST. This webinar will be hosted by David Warren, Co-founder of Bridgeford Trust Company. As the United States has become both a tax and privacy haven, wealthy families from around the world are seeking U.S. trust solutions. This webinar will examine various worldwide factors for this historic movement of money into the United States, including FACTA, CRS, secrecy vs. privacy, and asset protection. This presentation will also consider and objectively compare U.S. trust jurisdictions, accentuating the vital importance of selecting the correct U.S. trust situs for international families. The presentation will conclude with a discussion of various privacy, tax, and asset protection planning tools available to international families in the United States.

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