This webinar was originally produced on Wednesday, December 6, 2023. We hope that you enjoy the full recording of the presentation and additional resources offered below.

Watch this webinar that discusses modern trust law and the evolving trust industry. This webinar was hosted by McKonly & Asbury, one of Pennsylvania’s leading accounting and business advisory services firms, and offered further conversation on Bridgeford’s Independent v. Institutionalized Trust Companies article that has garnered much attention throughout the advisor community as it addresses the U.S. trust industry transformation, a new paradigm, and the influx of international financial services providers and private equity firms all looking for a “piece of the action.”

You can download a copy of the slides by clicking here.

During the webinar, David Warren, Co-Founder and Chairman of Bridgeford Trust Company, walked attendees through:

• An examination of the evolution of the trust industry over the past 40 years, what it means, and the opportunities it presents for settlor of trusts, beneficiaries, and their advisors, as well as the vital importance of proper situs selection and trust independence.
• A cautionary review of how the new paradigm has ushered in large, international, multifaceted, and highly institutionalized financial services providers from all over the world establishing trust companies in top-tier U.S. jurisdictions: an unfortunate development for the U.S. trust industry for many reasons.
• A consideration of the powerful modern trust law planning tools available in top-tier trust jurisdictions around asset protection, privacy, and compelling state and federal tax planning – all achievable while maintaining great direction and control over critical aspects of trust administration.
• An analysis of whether there is a fiduciary duty on the part of advisors and trustees to use top-tier trust jurisdictions in the planning process, and to embrace the new paradigm in the trust world, with a focus on providing truly independent and conflict-free trust solutions for families across the nation and around the world.

If you have any questions regarding the material covered in this webinar, reach out to us via our contact form or call us at (605) 224-9189.

This webinar was originally produced on Wednesday, September 30, 2020. We hope that you enjoy the full recording of the presentation and additional resources offered below.

The extreme uncertainty created by the ongoing COVID crisis and upcoming presidential election renders many large families and their advisors seeking certainty and stability relative to tax, privacy, and asset protection planning. Unquestionably, proper trust situs selection and the ability to avail themselves of powerful modern trust laws, while maintaining direction and control, is perhaps more important now than ever for domestic and international families.

During this webinar, David Warren, Co-Founder and Chairman of Bridgeford Trust Company, explored achieving certainty in an uncertain world through proper trust situs selection and the powerful capabilities and flexibility of modern U.S. trust law.

This webinar:

• Examined the importance of situs selection and explored comparison points, including a discussion on the importance of a state’s fiscal soundness coming through the COVID crisis and presidential election.
• Explored the unregulated v. regulated trust company models, and why the regulated trust company is far superior during these uncertain and turbulent times.
• Considered powerful federal and state tax planning and asset protection strategies using modern trust law that can deliver great certainty during uncertain times, and how to quickly implement before year end.
• Examined planning tools such as the directed trust and trust protector concepts that deliver a great deal of control and direction to settlors of trust, beneficiaries, and their advisors over vital aspects of trust creation and administration.

You can download a copy of the slides by clicking here.

 

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

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.

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.

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.