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Supreme Court Strikes Down Taxation on Undistributed Trust Income – What Does It Mean?

This webinar entitled “Supreme Court Strikes Down Taxation on Undistributed Trust Income – What Does It Mean?” was originally produced on Tuesday, July 9, 2019. We hope that you enjoy the full recording of the presentation and additional resources offered below.

In an unanimous decision, the Supreme Court strikes down North Carolina’s attempt to tax undistributed income of a resident trust properly sitused and administered in a no income tax state like South Dakota. You can read more about it by clicking here. Indicating that to do so is a violation of due process, the Court’s decision is a very important affirmation and validation of powerful state tax planning tools available in non-income tax jurisdictions, and again, underscores the vital importance of selecting proper trust jurisdiction in the planning process.

During this webinar, David Warren (Co-Founder/Chairman of the Board at Bridgeford Trust Company and President/CEO of Bridgeford Advisors), William Lipkind (Attorney, Partner, and Chair of Wilson Elser’s Tax Planning & Controversies practice), and Terry Prendergast (Of Counsel at Davenport, Evans, Hurwitz & Smith, LLP) presented an informative discussion on the Kaestner case and its practical implications with respect to state tax planning and the power of utilizing sophisticated modern trust law planning techniques, only available in top tier trust jurisdictions like South Dakota.

Bridgeford Trust is proud to share that we joined forces with trust companies from South Dakota, and across the nation, to fund an Amicus Brief filed with the Court in support of the taxpayer, and the important constitutional issues at stake in this case. It was a very impressive effort, pulling together trust and legal professionals from all over the country with the focus of having a positive impact on the Court’s analysis in this very important case. The Court’s decision is a victory for the trust industry and planning community, and affirms powerful state tax planning techniques available by simply selecting the proper trust jurisdiction for trust formation and administration. Click here for information about these techniques and click here for a detailed chart comparing top tier trust jurisdictions.

If you have any questions regarding the material covered in this webinar, please contact Bridgeford Trust via our contact page.

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Modern Trust Laws: Delivering Direction and Control

This webinar entitled “Modern Trust Laws: Delivering Direction and Control” was originally produced on Wednesday, October 17, 2018. We hope that you enjoy the full recording of the presentation and additional resources offered below.

Modern trust laws, including directed trust, trust protector, and the newly created family advisor, have revolutionized the trust industry in the United States. During this webinar, David Warren, Chairman of the Board/Co-Founder of Bridgeford Trust Company and President/CEO of Bridgeford Advisors, highlighted how these modern progressive trust laws, found only in a handful of states including South Dakota, have drastically changed how trusts are created and administered, delivering far more control and direction to settlors of trusts, beneficiaries, and their advisors than ever before.

This webinar:

  • Examined the directed trust, trust protector, and family advisor role in detail and how these concepts combine to deliver tremendous control and direction to settlors of trusts and beneficiaries over many important aspects of trust administration, including investment and distribution decisions.
  • Considered South Dakota’s Special Purpose Entity and how this unique planning nuance, only available in South Dakota, can provide even more control and protection for settlors of trusts and the advisors that serve in various fiduciary roles within the directed trust structure.
  • Explored the concept of decanting in the context of the direction and control this powerful planning tool brings to beneficiaries of trusts and their advisors looking to “breathe new life” or otherwise modernize older trusts.

This free, one hour-long webinar took place on Wednesday, October 17 at 2:00 p.m. EST. 

If you have any questions regarding the material covered in this webinar, please contact us via our contact page.

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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.

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.

This free, one hour-long webinar was hosted by Bridgeford Trust Company President, CEO, and Co-Founder, David Warren, and took place on Thursday, September 7 at 2:00 p.m. EST. One CPE credit was available for this one hour-long webinar. This program offered attendees the opportunity to ask questions and interact with the presenters.

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Modern Trust Laws: Are Irrevocable Trusts Really Irrevocable?

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 and examined modern trust laws in the context of their impact on traditional notions of trust planning using irrevocable trusts. David 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.

This free, one hour-long webinar took place on Wednesday, April 19 at 2:00 p.m. EST. One CPE credit was available for this one hour-long webinar. This program offered attendees the opportunity to ask questions and interact with the presenters.

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Taxation of Trusts and the Vital Importance of Selecting the Proper Trust Situs

This webinar entitled “Taxation of Trusts and the Vital Importance of Selecting the Proper Trust Situs” was originally produced on Thursday, November 19, 2015. We hope that you enjoy the full recording of the presentation and additional resources offered below.

This webinar was hosted by David Warren, Bridgeford Trust Company President and CEO, and it examined the progressive trust jurisdictions that allow trusts to “live in perpetuity” and that do not tax trusts at the state level. The presentation discussed how these progressive trusts present compelling tax planning opportunities for clients, underscoring the vital importance of considering alternative trust jurisdictions in the wealth planning process.

This webinar also focused on taxation of trusts among the states and discussed a developing trend in the case law that supports the fact that “resident trusts”, trusts established in a jurisdiction that does not tax retained income in trust,  can no longer be taxed by the home state (the state where settlor or beneficiaries reside) and,  to do so, violates the Commerce Clause of the United States Constitution.

This free, hour-long webinar took place on Thursday, November 19 at 2:00 p.m. EST. Free CPE credits were available. This program was a live webinar which offered you the opportunity to ask questions and interact with the presenters. There was no quiz and no exam. This webinar qualified as live CPE and was not considered self-study. No prerequisites were necessary for this webinar and the program level was basic / introductory.

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Modern Trust Laws and the Resurgence of the Corporate Trustee

This webinar entitled “Not Your Grandfather’s Corporate Trustee: Modern Trust Laws and the Resurgence of the Corporate Trustee” was originally produced on November 18, 2014. We hope you enjoy the full recording and additional materials below.

This webinar was hosted by David Warren, President and CEO with Bridgeford Trust Company and it examined the resurgence of corporate trustees in the wealth planning process in the context of modern trust laws and situs selection. The webinar specifically considered the following areas:

  • Discussed the differences between corporate and individual trustees, the individual trustee bias among some advisors, and what planners should consider in making recommendations in the planning process.
  • Examined modern trust laws such as directed trusts, asset protection, decanting, and the trust protector concepts and how they have enhanced the relevancy and power of using corporate trustees in the wealth planning process, particularly for high net worth individuals.
  • Discussed important factors to consider when selecting a corporate trustee such as situs selection, independence, and fees.

This free, hour-long webinar took place on Tuesday, November 18 at 2:00 p.m. EST. One CPE credit was available. This program was a live webinar which offered attendees the opportunity to ask questions and interact with the presenters. There was no quiz and no exam. This webinar qualified as live CPE and was not considered self-study. No prerequisites were necessary for this webinar and the program level is basic / introductory.

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Cover Your Assets: Asset Protection Trusts and the Vital Importance of Trust Jurisdiction

This webinar entitled “Cover Your Assets: Asset Protection Trusts and the Vital Importance of Trust Jurisdiction” was originally produced on on January 23, 2014. We hope that you enjoy the full recording of the presentation and additional resources offered below.

This very informative webinar considered asset protection in the context of trust planning, how to best utilize asset protection trusts, and examine the importance of selecting the proper trust jurisdiction for optimal protection and flexibility. David Warren, President and CEO of Bridgeford Trust Company was the presenter.

After this webinar, attendees were familiar with the following topics:

  • Definition of Asset Protection Trust
  • Factors that make some Asset Protection Statutes Better Than Others
  • Comparison of Asset Protection Statutes/Jurisdictions Across the Country
  • Specific Uses for Asset Protection Trusts in the Wealth Planning Process
  • Consider Whether there is a Legal Duty to Place Use an Appropriate Jurisdiction for Asset Protection Planning

This free, hour-long webinar took place on Thursday, January 23rd at 2:00 p.m. EST. This program was a live webinar which offered attendees the opportunity to ask questions and interact with the presenters. There was no quiz and no exam. The webinar qualified as live CPE and was not considered self-study. No prerequisites were necessary for this webinar and the program level was basic / introductory.