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 — not theirs.
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 administration works and why. Knowing this information and knowledge gives you the power to pick a trustee based on your terms.
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, a trust administration checklist comes in handy to ensure you cross your T's and dot your I's.
These decisions will affect your family for years to come, so making the right decision the first time is important.
These are the five considerations you should make before starting a trust.
Creating a trust requires people to surrender control of that wealth to someone else. For those who worked hard for the money or simply withstood the temptation to spend every dollar, handing the assets over to the trustee represents a tremendous leap of faith.
Agency trustee services solves that problem.
The dirty business of asset management is an open secret.
Asset management firms research, buy, and sell marketable securities. Financial planners and wealth management firms allocate investors money to asset management firms. Asset management firms, like BlackRock, grow revenue every year.
Clients' must know more about the dirty business of asset management. Generally speaking, financial advisors have the tools to weed out the bad ones.
As the financial world lurches up and down, progress continues in the trust industry. With vision and an advisor focus, independent trust companies continue to unseat the traditional trust company.
Monday, President Trump's nominee for the new Fed Chairman Jerome Powell exceeded expectations from investors.
If confirmed, Jerome Powell replaces Janet Yellen as the new Federal Reserve Chairman. The markets expect a smooth path to Mr. Powell's nomination. The direction of interest rates, asset values, and financial regulation rest with new Fed Chairman Jerome Powell.
However, the answer everybody wants to know, does the new Fed Chairman follow President Trump's or our wishes?
Kids that code do not have a sure-thing future.
However, over the past 15 years, parents have really pushed their kids to learn how to code. Unfortunately, parents who believe coding is the future are driving through the rearview mirror and asking the wrong questions.
To summarize, some parents believe coding skills will lead their children to a secure future in the tech industry. In reality, kids who want a forever-career in technology need creative thinking with logic and linear algebra skills.
Those skills are more important than coding because they will allow kids to adapt to future unknown tech needs.
In this blog post, I will walk you through the process step by step through picking a trustee with a few little surprises so you can choose the right one.
The recent tax reform proposal, introduced yesterday, has both some pretty big winners and losers.
In the first place, the bill, Tax Cuts and Jobs Act, is 429 pages and surprisingly lean. Of course, this kicks off the negotiations with both sides of the aisle and special interest groups.
