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Trust Situs Matters: South Dakota Considered to have the Best Decanting Statute in the Nation

Trust Situs Matters: South Dakota Considered to have the Best Decanting Statute in the Nation

Proving once again that trust situs matters, South Dakota is ranked as having the top decanting statute in the nation.  Published by Nevada attorney Steve Oshins, the new Annual Decanting State Rankings Chart, is an excellent resource for advisors and clients because of Oshins’ methodical and objective approach to evaluating the factors that impact the […]

Trust Situs Matters: How the Directed Trust Model is Changing the Trust World

Trust Situs Matters: How the Directed Trust Model is Changing the Trust World

Directed Trusts, only available in a handful of states across the country including South Dakota, are drastically changing the trust world while 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 […]

Use of Asset Protection Trusts in the Pre-Marital Planning Process

Domestic Asset Protection Trusts are a compelling planning tool to use in lieu of or in conjunction with prenuptial agreements in the pre-marital planning process. While prenuptial agreements serve a certain purpose, there are many personal and legal issues that deter couples from executing them, and as such, many practitioners have turned to alternatives to […]

Recent Pennsylvania Appeals Court Case Strikes down Pennsylvania Income Tax on Pennsylvania Resident Trusts

Below is a link to a recent Pennsylvania Commonwealth Court opinion (McNeil v. Commonwealth of Pennsylvania, Pennsylvania Commonwealth Department of Revenue) rejecting the Pennsylvania Department of Revenue’s attempt to impose an income tax on “resident trusts.” A resident trust is one created under the will of a decedent who was a Pennsylvania resident at the […]

South Dakota is 2013 Top State for Business according to CNBC

For several years, South Dakota has been considered by many commentators and planners to be the best trust jurisdiction in the nation because of its cutting edge laws around asset protection, dynasty and directed trusts, and privacy. Proving once again that jurisdiction matters and is not to be ignored in the wealth and business planning process, […]

Trust Situs Matters: South Dakota Again Considered Top State for Dynasty Trusts

Trust Situs Matters: South Dakota Again Considered Top State for Dynasty Trusts

Proving once again that trust situs matters, South Dakota (for the 2nd year in a row) is ranked the top dynasty trust state while Delaware slips again this year to the seventh position behind Ohio and Wyoming.  The rankings chart, an annual ranking of dynasty trust states from across the country published by Nevada attorney […]

Trust Situs Matters: Delaware No Longer Considered a Top Tier State for Asset Protection Trusts

Trust Situs Matters: Delaware No Longer Considered a Top Tier State for Asset Protection Trusts

Nevada, South Dakota, Alaska, and Ohio comprise the top tier trust jurisdictions for asset protection trusts, according to the 4th Annual Domestic Asset Protection Trust State Rankings Chart (see below). The Rankings Chart, an annual ranking of Asset Protection Statutes from across the country published by Nevada attorney Steve Oshins, is an excellent resource for […]

Trust Situs Matters: How Directed Trusts are Changing the Trust World

Trust Situs Matters: How Directed Trusts are Changing the Trust World

Directed Trusts, only available in a handful of states across the country including South Dakota, are drastically changing the trust world while putting control back into the hands of settlors, beneficiaries, and their advisors.  Below is an excellent piece appearing in Trust and Estates magazine discussing the concept of a Directed Trust and its huge […]

Upcoming Events

David Warren, President and CEO of Bridgeford Trust Company, has two upcoming speaking engagements in the month of April. Check out the details below! Event: Family Law Institute 2013 (PA Bar Institute) Presentation Title: Use of Trusts in Pre-Nuptials; Addressing Business Succession and Estate Planning Date: Monday, April 22, 2013 from 8:30am-4:00pm Location: Various locations […]

Trust Situs Matters: The Case for South Dakota

Trust Situs Matters: The Case for South Dakota

Proving once again that trust situs (jurisdiction) matters, South Dakota becomes a top choice for asset protection trusts in the nation according to industry experts.  This is an excellent piece discussing asset protection trusts and the importance of selecting the proper trust jurisdiction in the wealth and trust planning process. Trust Wars: Experts Say New […]