Bridgeford Trust is honored and thrilled to be featured in a recent Central Pennsylvania Business Journal article entitled, “For Trust Companies, South Dakota is An Alluring Place to Charter”. The piece does a nice job capturing the essence behind the rational for the creation of Bridgeford Trust and its decision to obtain a South Dakota […]
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Proving once again that trust situs matters, South Dakota is ranked as having the top decanting statute in the nation. Published by Nevada attorney Steve Oshins, the new Annual Decanting State Rankings Chart, is an excellent resource for advisors and clients because of Oshins’ methodical and objective approach to evaluating the factors that impact the […]
Directed Trusts, only available in a handful of states across the country including South Dakota, are drastically changing the trust world while putting control back into the hands of settlors, beneficiaries, and their advisors. Through bifurcating liability, the directed trust model creates a legal framework allowing trustees and beneficiaries to work with asset managers and independent […]
Domestic Asset Protection Trusts are a compelling planning tool to use in lieu of or in conjunction with prenuptial agreements in the pre-marital planning process. While prenuptial agreements serve a certain purpose, there are many personal and legal issues that deter couples from executing them, and as such, many practitioners have turned to alternatives to protecting […]
Below is a link to a recent Pennsylvania Commonwealth Court opinion (McNeil v. Commonwealth of Pennsylvania, Pennsylvania Commonwealth Department of Revenue) rejecting the Pennsylvania Department of Revenue’s attempt to impose an income tax on “resident trusts.” A resident trust is one created under the will of a decedent who was a Pennsylvania resident at the […]