If you weren’t able to join us for our recent webinar on Wednesday, December 6, 2023, you can now watch the full recording of this webinar presentation that discusses modern trust law and the evolving trust industry. This webinar offered further conversation on our 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.”

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 protectionprivacy, 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.

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

We hope that you enjoy the full recording of the presentation, and if you have any questions regarding the material covered in this webinar, please contact us via our contact form or call us at (605) 224-9189.