Bridgeford Trust is excited to be sponsoring the STEP International Tax & Estate Planning Forum: Around the Globe in 2021, presented by STEP Los Angeles. Taking place virtually on Thursday, May 6 and Friday, May 7, this much anticipated event presents the latest issues for international private client planning.

If you are attending, we encourage you to visit our virtual exhibit booth to visit with our team and explore the resources we have available to advisors working in the international space with clients interested in a U.S. trust solution. We would love to talk with you about how we may be able to collaborate to best serve the international community, with resources such as the Foreign Grantor Trust, Common Reporting Standard, along with many other services and nuances to consider in the planning process.

Also, be sure to note that during the Thursday, May 6, 10-10:30am PST Exhibitor/Networking Break, our Co-Founder/Chairman of the Board, David Warren, will be offering a live session to say hello to new and old friends, and to briefly discuss why South Dakota is routinely ranked among the best and most progressive trust jurisdictions in the United States. You can participate in this live session by clicking the “Join Live” button on the top of our booth on May 6 at 10am PST.

You can learn more about the forum and register by clicking here. We hope to “see” you there!

Bridgeford Trust Company is thrilled to be featured in Finance Monthly’s May 2021 edition, discussing the power of modern U.S. trust law. Finance Monthly is a global publication delivering the latest Financial Services and Fintech news, along with comment and analysis for those at the center of the corporate sector through their monthly magazine and website.

In the published piece, David A. Warren, JD – Co-Founder and Chairman of Bridgeford Trust Company – reviews progressive and flexible trust laws as well as the vital importance of choosing the proper trust jurisdiction. Given the economic uncertainty created by the pandemic and as we brace for tax changes, choosing the proper U.S. trust jurisdiction with the most progressive and flexible trust laws is more important now than ever. The article covers topics such as directed trusts, trust protector, domestic asset protection, privacy, fiscal soundness, and concludes with Bridgeford Trust Company’s objective and well-researched chart comparing top tier U.S. trust jurisdictions.

We invite you to read the article on Finance Monthly’s website or in PDF format by clicking here.

As always, don’t hesitate to contact us to discuss any of the topics highlighted in the Finance Monthly article or to learn more about the power of the South Dakota Advantage.

Bridgeford Trust is excited to once again sponsor the Annual Heckerling Institute on Estate Planning taking place May 3-6, 2021. While we can’t meet in person, we are looking forward to being a part of this much anticipated event and encourage you to visit our virtual exhibit booth. We also hope to see you at a virtual event we will be hosting!

Bridgeford Trust Company’s Exhibit Booth

Stop by our virtual booth while you’re attending the conference to visit with our team and explore the resources we have available to learn why South Dakota is routinely ranked among the best trust jurisdictions in the United States! Our team will be available to chat during all the networking breaks and is looking forward to meeting you.

May 3 Virtual Event – Unique Fiduciary Planning Opportunities for Domestic and International Families

Join Bridgeford Trust Company as we discuss unique fiduciary planning opportunities available for domestic and international families on Monday, May 3 from 3:00-3:20pm.

As the U.S. has become both a tax and privacy haven, wealthy families from around the world are seeking U.S. trust solutions. During our virtual event, David Warren – Co-Founder and Chairman of Bridgeford Trust Company – will be discussing various services and nuances to consider in the planning process, highlighting privacy, tax, and asset protection planning tools.

All registered attendees who join the virtual event will be entered into a raffle to win a $100 Visa e-gift card! The winner will be chosen after the event concludes and notified via email.

You can register for this event by clicking here.

If you have any questions or would like to set up a specific time to visit with our team, please feel free to contact Melissa Roberson, Marketing Director with Bridgeford Trust Company at mroberson@bridgefordtrust.com. We look forward to seeing you in May!

South Dakota is again ranked – for the 8th consecutive year – as having the top decanting statute in the nation! Published by Nevada attorney Steve Oshins, the new 8th 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. Decanting is also a streamlined option for easily transferring a trust from one state jurisdiction to another more favorable jurisdiction, such as South Dakota, with directed and asset protection trust statutes.

Steve Oshins’ findings regarding South Dakota’s decanting statute are particularly compelling when considered in conjunction with the fact that South Dakota…

  • Is generally regarded by most practitioners and academics, including Steve Oshins, as being the best Dynasty Trust state.
  • Unequivocally has the most robust privacy laws in the country, as pointed out by an article appearing in the January 2020 edition of Trusts & Estates magazine comparing U.S. trust jurisdictions wherein the authors noted, “Of the top tier trust jurisdictions, South Dakota has the best trust privacy laws.”
  • Is one of only two states with a Community Property Trust, a compelling tax planning tool for spouses.
  • Is the only state in the country with the Family Advisor, referred to as a “Trust Protector Light.”
  • Has one of the lowest insurance premium taxes in the nation at 8 basis points.
  • Is the most fiscally sound among all top tier trust jurisdictions.

When all of these attributes are considered in the aggregate, South Dakota clearly emerges as the superior trust jurisdiction in the nation. Be sure to review our well-researched chart comparing the leading U.S. trust jurisdictions, with a particular emphasis on areas that clearly distinguish South Dakota as the superior trust jurisdiction in the overall analysis.

For a more detailed discussion about decanting and how it modifies irrevocable trusts that were once considered unchangeable, watch a video on the decanting concept and how it works in the planning process.

Please contact Bridgeford Trust via our contact page if you have any questions on decanting and the power of the South Dakota Advantage.

Trusts & Estates and WealthManagement.com are presenting Preparing for the New Age in Wealth Planning, a series of live CE and CLE virtual forums scheduled for April 27-29, 2021. These forums will provide expert perspectives on future wealth planning strategies.

Join Bridgeford Trust, as one of the presenters, at the April 27th presentation entitled “State Income Taxation of Trusts” taking place at 2:00pm EDT. As most states tax a resident trust on all its income and tax a nonresident trust on income sourced to that state, advisors need to take these taxes into account when preparing sophisticated estate plans for their clients. This panel will review planning tools and the latest cases, statutes, and proposals regarding state income taxation of trusts.

Be sure to register for this session presented by David Warren, Co-Founder and Chairman of Bridgeford Trust Company; Sahri Zeger, Principal at CohnResznick; and Joy Matak, Partner at Sax LLP.

We hope you’ll join us! To register for this complimentary event, click here.

The Trust Protector is a powerful modern trust law tool, often used in conjunction with a Directed Trust, which delivers far more control to settlors of trusts, beneficiaries, and their advisors than ever before. Appointing a trusted advisor as a Trust Protector allows the settlor, beneficiaries, and their advisors to control and modify many important aspects of trust administration, including the power to direct the trustee with respect to investment management, jurisdiction, and trust distributions.

For a more detailed explanation of this concept, watch the short video below.

To learn more about the Trust Protector, be sure to visit our webpage and as always, contact us with any questions or to discuss how to incorporate the Trust Protector into your wealth plan.

Episode 16 is now available on Bridgeford Trust Company’s Delivering Direction and Control Podcast Series! Head on over to our podcast page at bridgefordtrust.com/podcasts to hear the latest episode!

Episode 16 features David Warren – Co-Founder/Chairman of the Board of Bridgeford Trust Company and President/CEO of Bridgeford – and guests Nancy Golding – Global Chair of STEP – and Ceci Hassan – Chair of STEP Miami. During this discussion, we learn more about STEP and STEP Miami and their great success in inspiring confidence in families planning for their futures. David, Nancy, and Ceci go on to discuss global hot topics and the future vision for STEP, both globally and in the U.S.

Our Podcast Series was developed to educate, challenge, and inspire listeners. As we interview experts in the trust planning arena, we keep listeners updated on developments regarding modern trust law and provide practical discussion on the powerful planning opportunities available to advisors around the country and the world – all in an effort to deliver far more direction and control to clients and their advisors than ever before.

You can listen on our podcast pageSoundCloudiTunesSpotify, and iHeartRadio. We hope you enjoy Episode 16!

The Directed Trust, only codified and available in a handful of states across the country including South Dakota, continues to drastically change the trust world through putting direction and control over many important aspects of trust administration back where it belongs…into the hands of settlors, beneficiaries, and their advisors. Essentially, through bifurcating fiduciary roles and 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 while having influence over discretionary distributions without disrupting planning objectives or the integrity of the trust instrument.

For more information around how the directed trust concept works to empower settlors, beneficiaries, and their advisors while revolutionizing the trust and wealth management industry, click here and watch the short video below.

South Dakota’s directed trust statute has been recognized as among the best in the nation. As a South Dakota chartered trust company, Bridgeford Trust Company can work collaboratively with clients and their long-time trusted advisors while delivering industry leading fiduciary capability. Contact us to learn more.

Episode 15 is now available on Bridgeford Trust Company’s Delivering Direction and Control Podcast Series! Head on over to our podcast page at bridgefordtrust.com/podcasts to hear the latest episode!

Episode 15 features David Warren – Co-Founder/Chairman of the Board of Bridgeford Trust Company and President/CEO of Bridgeford – and guest, Ann Zuraw – President of Zuraw Financial Advisorsfor a discussion on her background and how it has shaped her firm’s investment strategy, values and commitment to serving and empowering women to take active roles in their own financial future. David and Ann also discuss modern trust laws and the unique advantages that South Dakota trusts present in terms of security and privacy as well as taxation and overall flexibility.

Our Podcast Series was developed to educate, challenge, and inspire listeners. As we interview experts in the trust planning arena, we keep listeners updated on developments regarding modern trust law and provide practical discussion on the powerful planning opportunities available to advisors around the country and the world – all in an effort to deliver far more direction and control to clients and their advisors than ever before.

You can listen on our podcast pageSoundCloudiTunesSpotify, and iHeartRadio. We hope you enjoy Episode 15!

Bridgeford Trust is excited to be the Title Sponsor for the 10th Annual Institute on Tax, Estate Planning and the World Economy, presented by STEP Orange County. Taking place on February 8-9, 2021, this much anticipated virtual conference presents the latest issues for U.S. and international private client planning.

For a myriad of reasons, including asset protection and privacy, international families from around the world are seeking U.S. trust solutions, and looking specifically to South Dakota because of its leading and progressive modern trust laws. Below are links to educational pieces that may be of interest to advisors working in the international space with clients interested in a U.S. trust solution.

Foreign Grantor Trust – https://www.bridgefordtrust.com/services/foreign-grantor-trust/

Common Reporting Standard – https://www.bridgefordtrust.com/common-reporting-standard/

Our team will be attending the virtual conference and if you are going to be there as well, we encourage you to access our virtual booth from the STEP OC Showcare platform. You can visit our booth through the “Exhibitors” category to learn more about our company, view resources we’ve provided, and chat with our team!

There’s still time to register, so be sure to visit the conference website by clicking here.