David Warren, President and CEO of Bridgeford Trust, presented at the M Financial International Advisors Conference in May held in Miami. The conference featured presentations from many leading advisors in the international space from around the country. David presented as part of a panel discussion entitled Foreign National Client Profiles: Where in the World Are They and What Do They Look Like? The panel discussion examined where individual wealth is growing the fastest around the world and how that wealth impacts the global community. It was delivered by an expert group of advisors who shared insights on three primary geographic regions of international business opportunity and broke down specific cultural, economic, and political reasons why life insurance is critical to these foreign nationals and their families and business interests.
This webinar entitled “Modern Trust Laws: Are Irrevocable Trusts Really Irrevocable?” was originally produced on Wednesday, April 19, 2016. 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 and CEO, David Warren. This webinar examined modern trust laws in the context of their impact on traditional notions of trust planning using irrevocable trusts. We specifically discussed control mechanisms now available to planners, settlors of the trusts, and beneficiaries such as the directed trust, trust protectors, the family advisor and decanting and their dramatic impact on trust planning and the trust industry overall. Watch or listen to a recording of the presentation below.
Bridgeford Trust will be featured as a speaker for the May 17th STEP Southwest Florida meeting taking place in Naples. David A. Warren, President and CEO of Bridgeford Trust, will be speaking about the power of South Dakota’s modern trust laws and why that state has emerged as the jurisdiction of choice for international families and their advisors seeking a U.S. trust solution. STEP is a global professional association for advisors specifically specializing in family inheritance and succession planning in the international space. STEP works to improve public understanding of issues facing international families, promote education, and strongly encourage very high professional standards among their members and practitioners.
David Warren, President and CEO of Bridgeford Trust, will be presenting at the M Financial International Advisors Conference taking place in Miami from May 22-24. As the United States has recently been recognized as a worldwide tax and privacy haven, this conference is designed to exclusively focus on issues and planning opportunities around working with international families coming to the United States from around the world. It will feature presentations from many of the leading advisors in the international space. David will be presenting as part of a panel discussion entitled Foreign National Client Profiles: Where in the World Are They and What Do They Look Like?, which will examine where individual wealth is growing the fastest around the world and how that wealth impacts the global community.
Bridgeford Trust is pleased to announce our upcoming webinar entitled “Modern Trust Laws: Are Irrevocable Trusts Really Irrevocable?” This webinar will take place on Wednesday, April 19, 2017 at 2 PM EST. This webinar will be hosted by David Warren, President and CEO of Bridgeford Trust. The webinar will examine modern trust laws in the context of their impact on traditional notions of trust planning using irrevocable trusts. We will specifically discuss control mechanisms now available to planners, settlors of the trusts, and beneficiaries such as the directed trust, trust protectors, the family advisor and decanting and their dramatic impact on trust planning and the trust industry overall.
Directed Trusts, only available in a handful of states across the country including South Dakota, continue to drastically change the trust world through unbundling asset management and trust administration functions, putting control back into the hands of settlors, beneficiaries, and their advisors. Through bifurcating liability, the directed trust model creates a legal framework allowing trustees and beneficiaries to work with asset managers and independent trust companies of their choosing. Click here for an article appearing in Worth Magazine and featuring Bridgeford Trust’s President and CEO, David A. Warren, JD, discussing the nuances of this powerful planning tool.
South Dakota is once again ranked, for the fourth consecutive year, as having the top decanting statute in the nation! Published by Nevada attorney Steve Oshins, the new 4th Annual Trust Decanting State Rankings Chart is an excellent resource for advisors and clients because of his methodical and objective approach to evaluating the factors that impact the viability of a state’s decanting statute. The concept of decanting has become a very powerful tool for planners to modify irrevocable trusts and has emerged as one of the most progressive planning strategies available in dealing with dynasty planning issues. Appropriately referred to as a “do over,” decanting essentially distributes assets from an irrevocable trust into a new trust with different, and presumably more desirable and flexible terms, leaving the unwanted terms in the original trust and not binding on the assets.
Ranking Domestic Asset Protection Statutes; South Dakota ranked in the Top Tier, Delaware and Alaska considered Second Tier
Domestic Asset Protection Trusts, available only in a small number of states, are a formidable planning strategy that legally shields assets from third party liability (including spouses in a divorce proceeding) and law suits while permitting settlors (the person establishing the trust) to retain some control over the trust assets and enjoy a discretionary benefit during their lifetime. South Dakota has one of the oldest and most progressive self-settled domestic asset protection provisions in the United States. With its two year “look back” fraudulent conveyance statute, South Dakota’s is among the shortest in the country (Delaware has a four year fraudulent conveyance statute). In the January 2017 issue of Trusts & Estates Magazine, authors Mark Merric and Daniel G. Worthington closely and objectively examine domestic asset protection trust statutes in the context of various factors including a state’s discretionary support statute and alter-ego statute.
Join Bridgeford Trust at Heckerling Institute on Estate Planning for a Co-Sponsored Reception Celebrating South Dakota Trust Law
Bridgeford Trust is co-sponsoring a cocktail reception on January 11th, celebrating South Dakota’s progressive, sophisticated, and industry leading trust laws at the 51st Annual Heckerling Institute on Estate Planning from January 9th-13th in Orlando, Florida. If you are attending Heckerling, we encourage you to join Bridgeford Trust and advisors from around the country and the world for “It is Time to Consider the Advantages of South Dakota,” a great informational event and networking opportunity. Bridgeford’s leadership team, including David Warren, Terry Harris, and Jessica Beavers will be there to greet you! To learn more and to register for this exclusive reception, click here! We hope to see you there!
This webinar entitled “Emerging and Dynamic Trust Laws: A New Wealth Management Paradigm” was originally produced on Wednesday, November 16, 2016. 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 and CEO, David Warren, and Executive Vice President, Jessica Beavers. This presentation considered newly enacted progressive trust laws within the overall context of the vital importance of selecting proper trust jurisdiction in the wealth planning process. Concepts such as the community property trust, dynasty trust, directed trust, trust protector, family advisor, privacy, and trust taxation were discussed in detail, with a special focus on how these compelling modern trust planning tools have combined to render the United States both a worldwide tax and privacy haven for families across the nation. Watch or listen to a recording of the presentation below.