Episode 28 is now available on Bridgeford Trust Company’s Delivering Direction and Control podcast series!

In this episode, David Warren – Co-Founder/Chairman of the Board of Bridgeford Trust Company – sits down with returning guest, Jonathan Gopman – Partner at Nelson Mullins – and a new guest, Mark Sims – President of Madison Insurance Group.

The focus of the conversation is Madison Insurance Group’s pioneering risk management strategy, Private Insurance. Mark talks about how this strategy enables businesses and organizations to direct procure insurance coverage for selected risks, transfer high exposure to third parties, and designate an investor to participate in an innovative profit-sharing program. As a result, investors build tax efficient assets to help protect their business and assure their future.

Jonathan then goes into a sample profile of who could benefit the most from this product as well as the planning opportunities that are not easily seen on the estate planning side to use trusts and different types of financial products with Private Insurance.

You can listen to our latest episode on Bridgeford’s podcast page, SoundCloud, iTunes, Spotify, and iHeartRadio.

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.

Bridgeford Trust Company is excited to again sponsor the Annual Institute on Tax, Estate Planning and the World Economy, presented by STEP Orange County. Taking place on February 8-9, 2023 in Newport Beach, California, this much anticipated event presents the latest issues for U.S. and international private client planning.

David Warren – Co-Founder and Chairman – and Doug Mikkonen – Senior Vice President, Chief Compliance Officer, and Senior Trust Officer – 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! If you are not attending the conference, but are in the area, please reach out – we would love to connect as we prepare to launch Bridgeford Advisors’ California location in Newport Beach!

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.

We encourage you to watch this 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. and objectively compares the leading top-tier U.S. trust jurisdictions along with planning tools available to international families.

Private Placement Life Insurance

Through our sister company, Bridgeford International (a fully licensed insurance agency), our team is able to offer both domestic and international families sophisticated insurance planning solutions, including Private Placement Life Insurance (PPLI).

PPLI is a powerful wealth planning tool used to invest in a tax efficient manner and transfer wealth to future generations more effectively. Unlike traditional “retail” insurance, PPLI takes advantage of insurance rules to avoid income taxation on internal income and taxation on the proceeds at the death of the insured. By combining this insurance planning solution with South Dakota’s modern trust laws, our team can deliver significant tax savings, privacy, and asset protection to high-net worth individuals and families around the world.

We hope to see you in California! If you would like additional details about the event, visit STEP OC’s 2023 Institute website at: https://stepoc.org/2023-institute/.

Bridgeford Trust Company is pleased to announce it is a shortlist nominee for the 2023 Private Asset Management (PAM) Awards in the category of: Best Fiduciary/Trustee Service.

For over two decades, the PAM Awards have recognized and celebrated the “best of the best,” top-performing private wealth management industry professionals, wealth advisors, legal firms, consultants, and other key service providers by acknowledging and highlighting their achievements.

As a shortlist nominee, Bridgeford’s brand recognition and work with international families has been recognized for its growth both domestically and internationally. As we leveraged our solid internal infrastructure, our carefully planned and executed initiative was propelled by a highly coordinated and concerted focus on educating and serving the needs of wealthy international families coming to the U.S. in need of sophisticated trust and insurance solutions around privacy, asset protection, control, flexibility, and tax planning. A powerful differentiator of Bridgeford in this space is that, unlike non-U.S. trust companies, with little or no experience with U.S. trust laws opportunistically coming to the U.S. and obtaining trust powers to capture the influx of international business, Bridgeford is a domestic trust company with a thorough understanding of U.S. modern trust law and trust administration.

David Warren, Co-Founder and Chairman of Bridgeford Trust Company, said:

“As the U.S. continues to be the trust jurisdiction of choice for families globally, Bridgeford is humbled and honored to be recognized for our commitment to objective ‘thought leader’ education around the power and sophistication of U.S. modern trust law, innovative ‘big idea’ planning concepts, and serving families and their advisors across the nation and the world.”

The winners of this year’s prestigious PAM Awards will be announced in New York City at the awards ceremony on February 9 at the iconic 583 Park Avenue, New York. We look forward to spending the evening together as we network and celebrate the winners as they are revealed.

Every year, Finance Monthly recognizes the achievements of the most ambitious and high-achieving companies and individuals in the financial services sphere. Now in its 8th year, the winners of these awards are selected through a combination of industry research and voting data and we are proud to announce that Bridgeford Trust Company and David Warren, Co-Founder and Chairman, have been chosen from a broad range of sectors and geographical regions, earning David the Fiduciary & Trustee Services Advisor of the Year recognition!

As each year passes, each of the Finance Monthly Global Awards winners must have adapted and innovated more than in any previous year, so that they thrive in what is truly a unique time in global innovation and politics. It is this constant response to change, coupled with business foresight, that keeps the Finance Monthly Global Awards winners one step ahead of their competitors. We are so proud to have David and Bridgeford Trust Company recognized as a provider of sophisticated fiduciary and risk management services to domestic and international families across the country and around the world.

Over the past 25 years, Bridgeford Trust Company has evolved into a public trust company serving the global ultra-high net worth and family office space. Leveraging over 125 years of combined legal, accounting, and trust administrative experience, our talented and growing staff of professionals is comprised primarily of JDs, CPAs, CFAs, and CTFAs. Bridgeford’s work and brand recognition has expanded tremendously because of its continued focus on providing objective, timely, and relevant educational content across multiple media platforms, accentuating the sophistication of powerful modern trust law and risk mitigation solutions – particularly around asset protection, privacy, and tax planning – in addition to Bridgeford’s ability to deliver far more direction and control to families than ever before through the use of the directed trusts, trust protectors, and family advisors.

Bridgeford continues to represent a new and emerging wealth management paradigm committed to eliminating the conflicts of interest that permeate the traditional “bundled” approach to trust administration and asset management, while delivering more direction and control to settlors of trusts, beneficiaries, and their advisors than ever before.

You can view our featured profile and recognition online at: https://globalawards.finance-monthly.com/winners-edition/83.

Bridgeford Trust Company recently hosted a livestream event – Preserving Privacy and Asset Protection in a Transparent World. During this presentation, David Warren, Co-Founder and Chairman of Bridgeford Trust Company, discussed a variety of timely topics related to privacy and asset protection in a transparent world – two concepts that still exist in light of recently imposed information disclosure requirements, both domestically and internationally, as well as an update on developments regarding modern trust law and powerful planning opportunities available.

You can watch the full video presentation below and download a copy of the slides by clicking here.

If you have any questions or for additional information on any of the topics discussed during the presentation, please call us at (605) 224-9189 or contact us online.