We offer a curated collection of updates, insights, and practical tools designed to keep advisors and attorneys informed in a rapidly evolving fiduciary landscape. From changes in trust law and regulatory developments to best practices in administration and planning, this section provides clear, actionable information that supports your work and strengthens client outcomes.
A few days ago, I finished reviewing and approving my third Will & Testament. I have revised my Will three times — at 25, 42 and 50. It's just part of the normal process we all need to go through. We all have the same worries about taking care of our family. Reviewing a Will […]
A testamentary trust is a legal trust that is created through precise instructions laid out in a deceased person’s Will. A testamentary trust is irrevocable and goes into effect at an individual's death. In other words, when this individual dies they will no longer be able to change the terms of their Will. However, a […]
There are two types of people in the world financially — (1) Those that spend first and save last, and (2) those that save first and spend last; If you’re the type of person who falls into the latter group, then it may be time for you to choose a financial planner.
A strong advisor-client relationship is important to understanding how to use a trust and getting the most benefits out of the financial framework. Wealth Advisors Trust has lifted the fog on trust services secrets and is helping its clients understand how to use a trust.
Preparing a Trust Administration Handbook for guidance as to the efficient handling of tax issues and long-term goals of the grantor can be the difference between financial success or destitution.
In this blog, you'll learn about trust administration fees. You can control trustee fees around trust administration. Part of the answer centers on streamlining the trust document for trust administration. The other part rests on controlling how a trustee charges its fees. You have the power to use a corporate trustee on your terms — […]
Trust administration provides the key ingredient or secret sauce to any trust experience. In this blog, I will briefly go over the key pieces to great trust administration. As a co-founder of an advisor-friendly trust company, we understand the frustrations advisors and beneficiaries have with a bank trust departments. Let's start working through how trust […]
This article is a repost of an article written by our friends at Advisors Resource Company in Coppell, TX. The article was previously available at this URL: http://advisors-resource.com/seven-ways-to-handle-unexpected-expenses-and-financial-emergencies/ “Six in 10 workers report they have less than $25,000 in total savings and investments; including 36 percent who have less than $1,000.”1 – Employee Benefit Research […]
What one does with their wealth is as personal as deciding what church to attend. There are several options for protecting your lifelong work or inheritance, passing assets to the future generations of your family, or simply securing what wealth exists to protect it from double taxation. 1 When considering these options and potential problems, […]
Trust distribution guidelines in the trust document create the foundation of success or failure. Parents and grandparents must consider how trust distribution definitions fall under the supporting or enabling type. Having some plan leads to a balanced outcome for current and future generations.
