Trust and Fiduciary Services
Bridgeford Trust Company provides conflict-free and innovative trust and fiduciary services as well as progressive U.S. modern trust law solutions around asset protection, privacy, and tax planning to domestic and international families across the country and around the world. Our company provides a wealth management service paradigm to high-net-worth individuals and families while delivering far more direction and control to clients and their advisors than ever before.
Click on our various trust and fiduciary services below to learn more about what we do.
Advisor Friendly Fiduciary Services
Since Bridgeford Trust Company does not manage assets, we are a natural collaborator with asset managers, financial advisors, insurance professionals, and family offices in need of sophisticated fiduciary solutions, allowing advisors to retain control over assets and remain the trusted advisor over multiple generations.
Asset Protection Trusts
This powerful protection tool lets our clients shield assets from third party liability and lawsuits, while permitting settlors to retain some control over the trust assets and enjoy a discretionary benefit during their lifetime. With its two year “look back” fraudulent conveyance statute, South Dakota’s provision is among the shortest in the country.
Directed Trusts
Through the use of Directed Trusts, we offer trustees and beneficiaries the opportunity to work with asset managers and independent trust companies of their choosing through unbundling asset management and trust administration functions, putting control back into the hands of settlors, beneficiaries, and their advisors.
Foreign Grantor Trust
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.
Host Services for Trust Companies
Bridgeford Trust Company provides host company services, including back-office, clerical, and trust administration, to both public and private trust companies that elect to organize in South Dakota because of the state’s sophisticated, progressive, and industry leading modern trust laws.
Non-Traditional Assets
Trusts were created to hold and transfer a myriad of property interests and Bridgeford Trust Company has the ability, desire, and infrastructure to work with non-traditional assets in trusts.
Private Placement Life Insurance LLC Services
Bridgeford Trust Company offers specialized solutions in tax planning and asset protection, including the opportunity to purchase Private Placement Life Insurance (PPLI) within an LLC created and managed by Bridgeford Trust Company, taking advantage of South Dakota’s insurance premium tax – which is the lowest in the U.S at 8 basis points.
Trust Administration
Bridgeford Trust Company offers full corporate trustee services, performing all trust administrative functions in accordance with governing documents and prevailing fiduciary standards.
Service Fees
Bridgeford Trust Company’s trust and fiduciary service fees are very competitive and industry appropriate. Fees are generally based on the value of assets under management, type of trust, the nature of the assets, number and types of accounts, the level of administration required, and other factors that we consider to determine a fair and appropriate fee structure.
Fee guidelines are available for all of Bridgeford Trust Company’s services and are available upon request; however, given the individualized nature of our services, our focus on individual fees are discussed in great detail with our team of fiduciary professionals and provided to each client and prospect based upon their specific needs and scope of service.
For more information about our trust and fiduciary services as well as our service fees, please call (605) 224-9189 or contact us online.