upcoming-events-may-april

upcoming-events-april-mayBridgeford is looking forward to being at various events all over the country in April and May! In addition to being a sponsor or speaker at these can’t miss events, we’d love to meet with our friends and colleagues in all of these areas!

Read on for more details about our activity, and don’t hesitate to reach out if you’d like to schedule a time to meet at the events or in between as well!

STEP Gold Coast Florida’s Social Event: April 25 in Boca Raton, FL

Join us as Bridgeford Trust Company proudly sponsors STEP Gold Coast Florida’s upcoming social event! If you will be in South Florida, we hope to see you for an evening of networking with local members and guests. Mariano Marco, Global Managing Director of Bridgeford Global (the newest addition to the Bridgeford family of companies – read more about that here), will be attending and would love to connect with you at this complimentary social event.

Date: Thursday, April 25, 2024
Time: 5:00pm – 7:00pm ET
Location: DRIFT – The Bar at Sonrisa at the Boca Raton Marriott (5150 Town Center Circle, Boca Raton, FL 33486)
Register: Contact Michael Schiff, STEP Gold Coast Florida’s Immediate Past Chair to register.

McKonly & Asbury’s COLLABORATE! 2024 Conference: May 2 in Camp Hill, PA

McKonly & Asbury is a leading, regional accounting and business advisory services firm and Bridgeford Trust Company is looking forward to sponsoring and speaking at their flagship event! This conference features three dynamic keynote speakers, a variety of specialized breakout sessions for attendees to choose from, CE credits, and plenty of networking opportunities.

If you can attend, be sure to sign up for Bridgeford’s Breakout Session entitled, Strategic Trust Planning in a Shifting Tax Landscapepresented by David Warren, Co-Founder and Chairman of Bridgeford Trust Company. In it, David will explore tangible trust planning and taxation mitigation strategies available by simply selecting the proper trust jurisdiction, including Dynasty Trusts, Community Property Trusts, Incomplete Non-Grantor Trusts, and more.

Date: Thursday, May 2, 2024
Time: 7:30am – 5:30pm ET
Location: Penn Harris Hotel (1150 Camp Hill Bypass, Camp Hill, PA 17011)
Register: Click here to learn more and register.

Transnational Taxation Network’s 2024 Americas Tax Conference: May 17 in Miami, FL

The Transnational Taxation Network (TTN) is a multi-disciplinary association of tax, accounting, and trust practitioners who have interest in international tax and Bridgeford Trust Company is proud to be a sponsor at their upcoming conference! If you are planning to attend, be sure to get in touch with Mariano Marco, who will be attending from Bridgeford Global.

Date: Friday, May 17, 2024
Time: 10:00am – 4:30pm ET
Location: Rubell Museum (1100 NW 23rd St, Miami, FL 33127)

Register: Click here to learn more and register.

Orange County Business Journal’s Family-Owned Business Awards: May 30 in Irvine, CA

Bridgeford Advisors (dba Bridgeford) – Bridgeford Trust Company’s sister company – is excited to sponsor the Orange County Business Journal’s 2024 Family-Owned Business Awards. This luncheon and awards program recognizes Orange-County-based family-owned firms that have distinguished themselves via their business accomplishments and contributions to the local community.

As a sponsor, Bridgeford has a table available for friends to join us. David Warren will be attending and if you would like to attend with us, please reach out via the information below.

Date: Thursday, May 30, 2024
Time: 11:00am – 2:00pm PT
Location: Irvine Marriott (18000 Von Karman Ave., Irvine 92612)
Register: Contact Melissa Roberson if you’d like to join us for this event.

For more information or questions on any of these upcoming events, please contact us via our contact page or call us at (605) 224-9189.

Bridgeford-Global-international

bridgeford-globalIn today’s rapidly evolving and dynamic cross-border planning landscape, the U.S. has emerged as both a privacy and tax “haven” for international families, creating increased demand for U.S. trust solutions specifically in top-tier jurisdictions such as South Dakota. Given this burgeoning opportunity, we are excited to announce the launch of Bridgeford Global, the newest addition to the Bridgeford family of companies. Operating as the worldwide planning entity within our family of companies, Bridgeford Global is poised to meet the evolving needs of international families and their advisors with innovative solutions and unmatched expertise.

With our international reach expanding exponentially, Bridgeford Global will not only promote the power of U.S. modern trust law and South Dakota-based fiduciary solutions, but the company will also provide offshore fiduciary and corporate services as well as sophisticated insurance solutions. Bridgeford Global’s comprehensive services, delivered by a highly experienced team of professionals offering specialized expertise to wealthy families worldwide, include:

  • South Dakota-Based Fiduciary Solutions through Bridgeford Trust Company: Bridgeford Global offers specialized expertise to international families, delivering unique fiduciary planning solutions and structures available under South Dakota’s powerful modern trust law. Domestic Asset Protection Trusts and Foreign Grantor Trusts as well as access to industry leading privacy laws and strategic tax planning opportunities are just a few of the solutions that make the U.S., and specifically South Dakota, the jurisdiction of choice for not only domestic families, but also international families seeking innovative and progressive fiduciary services.
  • Offshore Fiduciary and Corporate Services for Non-U.S. Clients: In addition to our South Dakota-based fiduciary solutions, Bridgeford Global extends its reach globally through strategic alliances with international service providers. This enables Bridgeford’s family of companies to seamlessly offer both domestic and offshore fiduciary and corporate services tailored to the needs of our non-U.S. clients while ensuring that clients receive comprehensive support, guidance, and expertise designed for their individual needs and objectives.
  • Registered Insurance Agency in Florida Offering Sophisticated Insurance Solutions: As a registered insurance agency in the state of Florida, Bridgeford Global delivers sophisticated insurance solutions, including but not limited to Private Placement Life Insurance (PPLI), to U.S. and non-U.S. clients. By leveraging our expertise and strategic alliances, we provide comprehensive insurance strategies that align perfectly with our fiduciary and structuring capabilities both domestically and offshore, serving our client’s diverse planning objectives in the international space.

Mariano Marco

In addition to this exciting evolution to the Bridgeford family of companies, we are pleased to introduce Mariano Marco as Global Managing Director of Bridgeford Global.

As Global Managing Director, Mariano spearheads planning and business development initiatives in the international space, particularly Latin America, promoting Bridgeford Trust Company’s expansive fiduciary planning and structuring capabilities. With a focus on asset protection, privacy, tax optimization, and succession planning, Mariano brings the power, sophistication, and stability of U.S. modern trust law to families and their advisors across the globe.

Beginning his career as a private client lawyer, Mariano practiced law at a prestigious law firm in Argentina before transitioning into fiduciary services. With over 17 years of experience in private wealth and trust and estate matters, Mariano has expertise in both domestic and offshore planning and specializes in cross-border structuring, fiduciary and corporate administration, and tax consultancy across various jurisdictions. Prior to joining Bridgeford Global, Mariano held pivotal roles including Trust Officer at a single-family office, as well as senior roles both at JTC and Trident as Managing Director overseeing wealth structuring solutions for clients across Latin America and the Americas, with cross-border strategies extending into Europe and the Caribbean. Fluent in Spanish and English, Mariano also possesses intermediate proficiency in Portuguese and basic skills in Italian.

David Warren, Co-Founder and Chairman of Bridgeford Trust Company, shares, “Mariano, whom I have known for many years, is an outstanding fiduciary professional with exceptional international experience working with families across the globe, particularly in Latin America. We could not be more thrilled to welcome Mariano to the team as we take Bridgeford Global’s initiative to exciting new heights.”

Meet Mariano Marco: Leading Bridgeford Global’s International Presence

Gain valuable insight into Mariano’s background, capabilities, and strategic direction for Bridgeford Global by tuning in to an exclusive podcast episode, hosted by David Warren. You can listen on Bridgeford’s podcast pageApple Podcasts, iHeartRadioSpotify, and SoundCloud.

And for those of you in and around Miami, please stay tuned for future events welcoming Mariano to our team and celebrating the launch of Bridgeford Global!

Bridgeford Trust Company – now the oldest and largest independently held and privately owned South Dakota chartered trust company – and Bridgeford Global are perfectly positioned to serve families globally as an international fiduciary provider that is big enough to matter, small enough to care. We encourage you to learn more at: www.bridgefordglobal.com.

You can reach out to Mariano directly at mmarco@bridgefordglobal.com and (305) 347-5129 as well as connect with him on LinkedIn. For questions or further information on this evolution of the Bridgeford family of companies in the international space, please contact us via our contact page or call us at (605) 224-9189.

trust-situs-international-families-podcast

trust-situs-international-families-podcastEpisode 38 is now available on Bridgeford Trust Company’s Delivering Direction and Control podcast series!

In this episode, David Warren – Co-Founder and Chairman of Bridgeford Trust Company – sits down with guest, Stefan Szwarc – Partner at the South Dakota law firm of Halbach | Szwarc Law Firm. Stefan’s unique journey from financial advisor to attorney lends him a comprehensive perspective on crafting effective plans for clients. The episode delves into the establishment of Stefan’s new law firm, set to mark its first anniversary, highlighting its focus on and commitment to working with international families, as well as its great reputation and early successes fueled by a diverse team of attorneys offering tailored support and innovative legal solutions, including a new solution for clients regarding the ever-evolving Corporate Transparency Act.

During their conversation, you’ll hear David and Stefan discuss the influx of international families seeking U.S. trust solutions, particularly South Dakota due to its robust regulatory framework and emphasis on protecting legitimate family-held wealth in a way that makes sense for the family through innovative tax planning and asset protection. Before they wrap up, you’ll also be the first to hear about STEP South Dakota, its formation with support from many including Bridgeford Trust Company and Halbach | Szwarc Law Firm, and its pivotal role in fostering collaboration and expertise within the trust industry, both domestically and internationally.

You can listen to our latest episode on Bridgeford’s podcast page, Apple PodcastsGoogle PodcastsiHeartRadioSpotify, and SoundCloud.

Bridgeford Trust Company’s Delivering Direction and Control podcast 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 trust 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. Check out all of our episodes here: bridgefordtrust.com/podcasts.

If you have questions on any of the topics discussed in this latest episode, don’t hesitate to reach out to us via our contact form or call us at (605) 224-9189.

nyc-international-estate-planning-institute

nyc-international-estate-planning-instituteBridgeford Trust Company is once again proud to sponsor the 19th Annual International Estate Planning Institute, presented by the New York State Bar Association (NYSBA) and STEP New York. Taking place on March 14-15, 2024, at the New York Hilton Midtown, this two-day Institute is a much-anticipated annual event at which trust and estate practitioners, bankers, and accountants from around the world gather to hear leaders in their fields exchange ideas and discuss developments regarding cross-border planning with a U.S. component.

Our team will be attending this year’s Institute and would love to talk to you about how we may be able to collaborate to best serve the international community. If you are going to be there, be sure to stop by Bridgeford’s exhibit table or contact us so we can meet at one of the events or grab a drink or dinner together!

The Power of U.S. Trusts for International Families

The United States continues to be the jurisdiction of choice for international families because of powerful modern trust law planning tools available in top-tier jurisdictions such as South Dakota.

We invite you to watch our webinar – The U.S. as the International Trust Jurisdiction of Choice for Privacy, Asset Protection, and Tax Planning. In it, our team examines worldwide factors for the historic movement of money into the U.S., objectively compares the leading top-tier U.S. trust jurisdictions, and discusses in greater detail the unique planning solutions mentioned above, providing valuable insights for advisors and international families to consider when selecting the best U.S. trust situs.

Bridgeford Trust Company: Big Enough to Matter, Small Enough to Care

Now the oldest and largest independently owned South Dakota chartered trust company, Bridgeford Trust Company is eager to network and share insights at this esteemed event. We are passionate about “big ideas” and have embraced the new trust industry paradigm with a conflict-free, personalized, and non-institutionalized approach that allows us to deliver unmatched direction and control to clients and their advisors.

We hope to see you in NYC! If you would like additional details about the event, you can visit the Institute website by clicking here.

Corporate-Transparency-Act-CTA-Ruling

Corporate-Transparency-Act-CTA-RulingThe Corporate Transparency Act (CTA), created and implemented by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), became effective January 1, 2024. The CTA aims to enhance corporate transparency in an effort to prevent and combat illicit financial activities, such as money laundering and tax evasion, discouraging the use of shell corporations as a tool to disguise and move illicit funds. The CTA implements reporting requirements for limited liability companies (LLCs), corporations, and other business entities that have never had to report such information previously, with harsh penalties for non-compliance.

From inception, the CTA sparked debate and controversy across the country, as evidenced by the hundreds of conflicting comments submitted during the preliminary drafting and review phase among business owners, lawyers, CPAs, and other professional groups, many claiming the CTA was too invasive, unmanageable, difficult to enforce, and, ultimately, ineffectual.

In National Small Business United v. Janet Yellen, a Northern District of Alabama Federal Judge ruled on March 1, 2024, that the CTA was unconstitutional. Citing privacy concerns, and a myriad of legal reasoning and precedent around the scope of Congress’s power, the Court concluded:

“The CTA exceeds the Constitution’s limits on the legislative branch and lacks a sufficient nexus to any enumerated power to be a necessary or proper means of achieving Congress’ policy goals…the Corporate Transparency Act is unconstitutional because it cannot be justified as an exercise of Congress’ enumerated powers.”

The decision – already the subject of debate and differing interpretations as to its practical impact on the CTA – has created uncertainty around its legitimacy and enforceability. The ruling is certain to be addressed by appeals courts in the coming months. While the exact implications for continued compliance with this mandatory reporting regime for those not party to the litigation is currently unclear, it would certainly seem prudent and advisable to consult with legal counsel and continue to gather required information and properly file pursuant to CTA requirements, while awaiting guidance from the Appeals Court and the Treasury, particularly for entities formed in 2024, which have 90 days to comply with the CTA.

For a more detailed discussion about the CTA, its requirements, and penalties for non-compliance, click here. You can also view a presentation about the CTA, as part of Bridgeford’s widely viewed and well received livestream, “Preserving Privacy and Asset Protection in a Transparent World”.

As we continue to see this ruling unfold, we will keep you updated on the latest details and analysis. Should you have any questions in the meantime on the CTA or need further assistance, please reach out to us via our contact page or by calling (605) 224-9189.

corporate-transparency-act-podcast

corporate-transparency-act-podcastEpisode 37 is now available on Bridgeford Trust Company’s Delivering Direction and Control podcast series! In this episode, David Warren – Co-Founder and Chairman of Bridgeford Trust Company – sits down with guest, Mike Montali – CEO of Harbor Compliance. Listeners will discover the fascinating journey of Harbor Compliance, from inception to their exponential growth in becoming a leading provider of compliance solutions for businesses and nonprofit organizations. Their purpose-built software platform and managed services are designed to streamline the complex landscape of multistate government licensing compliance, allowing businesses and organizations to effortlessly put compliance on autopilot, ensuring seamless operations and peace of mind.

As they continue their conversation, David and Mike take a focused turn towards the Corporate Transparency Act (CTA) and its implications. We learn how Harbor Compliance’s cutting-edge technology securely handles the requirements of the CTA, from information collection to storage and filing, providing a “single source of truth” for those who are affected by the new reporting requirements with absolute minimal disruption to their business.

You can listen to our latest episode on Bridgeford’s podcast page, Apple PodcastsGoogle PodcastsiHeartRadioSpotify, and SoundCloud.

Bridgeford Trust Company’s Delivering Direction and Control podcast 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 trust 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. Check out all of our episodes here: bridgefordtrust.com/podcasts.

If you have questions on any of the topics discussed in this latest episode, don’t hesitate to reach out to us via our contact form or call us at (605) 224-9189.

step-oc-sponsor

step-oc-sponsorBridgeford Trust Company is proud to be the title sponsor of STEP Orange County’s 12th Annual Institute on Tax, Estate Planning, and the World Economy! Taking place on February 15-17, 2024, at the Balboa Bay Club in Newport Beach, California, this much anticipated event presents the latest issues for U.S. and international private client estate planning with a stellar line up of presenters.

David Warren – Co-Founder and Chairman – and Doug Mikkonen – Senior Vice President and Senior Trust Officer – will be attending this year’s institute and would love to talk with you about the South Dakota Advantage and how we may be able to collaborate to best serve the international community.

If you are going to be there, be sure to stop by Bridgeford’s exhibit table or contact us so we can meet at one of the events or grab a drink or dinner together. If you are not attending the conference, but are in the area, please reach out to Bridgeford Advisors’ California office to connect another time!

The Power of U.S. Trusts for International Families

The United States continues to be the jurisdiction of choice for international families because of powerful modern trust law planning tools available in top-tier jurisdictions such as South Dakota, including Foreign Grantor Trusts and Domestic Asset Protection Trusts as well as progressive privacy trust laws and tax planning opportunities. These are just a few of the unique planning solutions available under South Dakota law that are important for families across the globe to consider when selecting the best U.S. trust situs.

As you talk with our team at this year’s institute, we encourage you to ask any questions you have on these planning nuances and learn how Bridgeford Trust Company offers domestic and international families across the country and around the world a conflict-free, personalized, and non-institutionalized approach, embracing a new trust industry paradigm that has emerged.

We hope to see you in California! If you would like additional details about the event, visit STEP OC’s 2024 Institute website at: https://february2024.stepoc.org/.

life-insurance-podcast

life-insurance-podcastEpisode 36 is now available on Bridgeford Trust Company’s Delivering Direction and Control podcast series! In this episode, David Warren – Co-Founder and Chairman of Bridgeford Trust Company – sits down with guest, Steven Zeiger – Managing Director of KB Financial. Steven utilizes the only patented prudent processes for life insurance selection and retention and joins David for an intriguing discussion on the legal guidance on life insurance illustrations from FINRA, the UPIA, adjudicated lawsuits, NYS DFS, the CFP Board, and the NAIC. Steven is well known in this area of study and has been asked to educate members of STEP, NAEPC, PLI, NYC EPC, the ABA, the CFA Society, FI 360/Broadridge, and dozens of other groups on the application of prudent investor guidelines to life insurance product selection and portfolio management.

Life insurance illustration comparisons are confusing and misleading according to industry regulators, but independent research can provide the clarity that fiduciaries crave in terms of easing their frustrations related to life insurance: conflict of interest and lack of transparency. Independent research offers the “full story” that is not available with typical life insurance illustration analysis, and research helps advisors understand which policy will lead to a better outcome for their clients. This episode expands on Steven’s life insurance guidance and research as well as Monte Carlo simulations for life insurance.

You can listen to our latest episode on Bridgeford’s podcast page, Apple PodcastsGoogle PodcastsiHeartRadioSpotify, and SoundCloud.

Bridgeford Trust Company’s Delivering Direction and Control podcast 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 trust 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. Check out all of our episodes here: bridgefordtrust.com/podcasts.

If you have questions on any of the topics discussed in this latest episode, don’t hesitate to reach out to us via our contact form or call us at (605) 224-9189.

step-silicon-valley

step-silicon-valleyBridgeford Trust Company is looking forward to being the featured speaker at STEP Silicon Valley’s February meeting, scheduled for Thursday, February 22, 2024, in Palo Alto, California. If you’re in the area, we invite you to join us for an educational session led by David Warren, Co-Founder and Chairman of Bridgeford Trust Company.

During the presentation, David will guide attendees through an overview of powerful modern trust law planning tools available in top-tier trust jurisdictions. With a primary focus on asset protection, privacy, and tax planning, he will provide valuable insights into how these tools keep control where it belongs – with families and their advisors through the use of directed trusts and trust protectors. David will go on to offer an objective comparison of top-tier U.S. trust jurisdictions, while emphasizing the vital importance of selecting the proper trust jurisdiction under current statutory guidance and emerging case law. The presentation will also review the “Death of INGs” in California, highlight information on newly enacted directed trust law in California and the Uniform Income and Tax Act and its potential implications, as well as consider whether there is a fiduciary duty to move trusts to a more favorable trust jurisdiction for tax and asset protection planning.

Event Information

  • Date: Thursday, February 22, 2024
  • Location: Fleming’s Prime Steakhouse & Wine Bar (180 El Camino Real, Palo Alto, CA 94304)
  • Agenda:
    • 4:30-5:00pm – Arrival/Networking
    • 5:00-5:15pm – STEP SV Update from Mark Jamison, Chairman STEP SV
    • 5:15-6:30pm – Presentation/Q&A
    • 6:30-7:30pm – Networking/Wrap Up
  • Register at: https://bridgeford-stepsv.eventbrite.com

If you have any questions on attending this complimentary event, please reach out to Melissa Roberson, Global Marketing & Digital Media Director, at mroberson@bridgefordtrust.com. We look forward to seeing you there!

Bridgeford Trust Company is looking forward to sponsoring the 42nd Annual International Tax Conference, hosted by the Florida Institute of Certified Public Accountants and the Florida Bar Tax Section, taking place on January 18-19, 2024, at the JW Marriott Miami. With changes and developments happening in international tax every day, this conference provides the knowledge needed for international tax professionals to assist in the various challenges they face in this dynamic field.

David WarrenCo-Founder and Chairman of Bridgeford Trust Company – and Chris Halverson – Managing Director of Bridgeford International and Senior Trust Officer at Bridgeford Trust Company – will be attending the event and would love to talk with you about why South Dakota is routinely ranked among the best trust jurisdictions in the United States because of its powerful modern trust law concepts around asset protectionprivacy, and sophisticated tax planning which are outlined in this education piece.

As a South Dakota chartered independent trust company, we are passionate about “big ideas” and have embraced the new trust industry paradigm with a conflict-free, personalized, and non-institutionalized approach that allows us to deliver unmatched direction and control to clients and their advisors. David and Chris would be happy to discuss these concepts and more in greater detail, as well as how we can collaborate to serve families across the nation and around the world.

If you have any questions about our time at the conference or would like to connect with our team, be sure to reach out to us. And as always, if you have questions on any of the topics discussed above, call us at (605) 224-9189 or send us a note through our contact form. We hope to see you there!