Christopher Holtby was featured on “The Wealth Is In The Details” podcast with Peter Raskin.
2 Learning Outcomes from this blog post:
Let's dive right in.
This blog will help financial advisors and/or their clients decide what is the best trust company for their situation. And how to pick that type of trustee.
[Side note: Term paper submitted by Christopher Holtby for his Harvard 2022 Spring semester class.]
Unlike one's first Alcoholics Anonymous meeting, America remains mute, unable to admit or even discuss that critical economic problems exist. America's 1% believes everyone wants to take or control their money. The other 99% see various gray and bleak financial futures. Gen Z and millennials do not want to start families because of cost concerns. Most Baby Boomers can afford a certain apathy to America's social and economic challenges because they are economically isolated from them. The most radical elements drive the definitions of Republican and Democratic political beliefs. America's happiness rank (16th out of 146) remains inconsistent against its economic, military, and technological prowess.[1] America spends more on health care with less healthy citizens than other high-income countries.[2] In 2021, the American Society of Civil Engineers report gave America's infrastructure a C-.[3] These are a few examples of America's current basket of economic lemons. And that is okay. America has been here before. Never the same, but America's historical basket of lemon moments somehow finds the path toward collaborative lemonade solutions. And like a successful Alcohol Anonymous member, America will jump "on the wagon" for a few decades, yet again, with a hopeful twist.
" But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room where the clocks have no hands." Warren Buffet
Making waves in the 700-year-old trustee industry since its founding, Wealth Advisors Trust Company (WATC) has proven that not abiding by the status quo can lead to a mountain of success. The New World Report 2021 Awards look at the results, and WATC was awarded the Most Pioneering Trust Administration Company - USA award. Indeed, the trust company offers a refreshing take on what had become a slow and often intimidating industry. WATC approaches their work with a can-do attitude, and their optimism radiates throughout their innovative trustee services, leveraging the best of technology and creative human power.
This post will cover the important of what an advisor-friendly trust company in 2021 means for financial advisors and their clients. The bottom line - the best trust companies treat financial advisors like celebrities.
This post will include:
Independent journalists at The Wealth Advisor voted and selected Wealth Advisors Trust Company as one of the top choices for advisors needing innovative and collaborative trustee services for the 8th year.
UTC§ 405 (a) (2000) – “A charitable trust may be created for the relief of poverty, the advancement of education or religion, the promotion of health, governmental or municipal purposes, or other purposes the achievement of which is beneficial to the community.”
This blog post outlines how foreign grantor trusts could increase the potential business and reputation risk for South Dakota trust law and trust companies. Potential clients should understand why and if they are comfortable accepting that potential risk.
This blog describes how a Hybrid Domestic Asset Protection Trust (DAPT) works for grantors wanting an escape clause while taking advantage of their $11.7 million estate tax exemption (as of Jan 2021). This post will cover:
