We did it again. Being nominated as a top advisor-friendly trust company. Offering white glove trustee services to advisors with the lowest ratio of trust officer to trust account is just part of the reason why.
Navigating the world of trust services can be complex, but advisor-friendly trust companies are here to help.
This blog will explore the ins and outs of these institutions, offering valuable insights for financial advisors seeking to provide their clients with exceptional trust and estate planning services.
We'll cover the benefits, essential services, and the process of choosing the right partner, empowering you to make informed decisions and build lasting relationships with trust companies that share your commitment to client success
Having money can offer flexibility and safeguards. The question to answer in this blog, for wealthy families, using silent trusts under South Dakota trust law is, when should children and/or grandchildren know about this inherited money? Partly today? All today? At the grantor's death? What are the behavioral issues? These answers and more will be answered in this blog. (more…)
In light of Bruce Willis's highlight of dementia, it makes sense for wealthy families to understand how to use directed trusts in a simple way under the South Dakota trust law to plan for current or future incapacitation planning. This blog will answer the questions of why, when with situational examples, and how with case studies.
It’s a challenge every financial advisor faces at one time or another.
Wonderful, wealthy couples who have been your most loyal clients pass away at a ripe old age. All the wealth they’ve accumulated is now transferred into a trust for the benefit of their children.
Best case scenario: The kids know you very well and are happy to let you continue managing assets in the trust.
Worst case scenario: They’re entitled brats who’ve never met you, don’t want to, and will fire you as soon as they get their collective act together.
Every advisor knows having a choice, or an open architecture platform allows them to make wise client choices.
Normally financial advisors are focused on investment choices around open architecture platforms.
But, it should also be linked to trust law or the state trust law best aligned for a client's needs today and for multi-generational planning.
Let’s make this clear: The investment-only advisor is going the way of the dinosaur. The financial planning-centric financial advisor will be treated like a celebrity by their clients and by supporting vendors (e.g., friendly trustees). Allowing for a growing financial advisor practice.
When it comes to describing trust administration, most people wouldn’t say what they do is “fun” or “disruptive.” But Wealth Advisors Trust Company does. And that’s a big reason why clients of this South Dakota-based company enjoy using their trustee services.
Let’s face it. Trusts have been around for centuries. It’s an industry steeped in tradition and only changes with the times when it absolutely has to. And that’s the way it should be, right?
Wrong, says Christopher Holtby, co-founder and Trust Educator at Wealth Advisors Trust Company.
You are a successful advisor. Like any superstar athlete practicing the fundamentals, this article adds a few extra tools to keep your winning. I have ADD, so each section lists the device in the first sentence.
I have no dog in this hunt arguing whether $50 million is or is not the Goldilocks net worth amount for you.
It’s partly the money. This essay argues two issues: (1) why the optimal net worth amount equals $50 million, and (2) does a definition of an optimal net worth amount exist in America beyond monetary net worth (e.g., authentic admission of your fun, joy, and peace around net worth) including mental and physical health.
The definition of wealth historically makes people consider the dollar size of their net worth. To live requires money to pay for our needs and wants (more on that later). As a human race, we do not consider the costs to acquire that net worth until later in life. The same reason young men are eager to fight wars without considering the potential side effects [side question: why are the politicians who have never fought in a war so keen to start wars?].
Accumulating a Goldilocks net worth amount of $50 million provides the best of all worlds: (a) anonymity, (b) flexibility, (c) multi-generational wealth, and (d) freedom. The exact Goldilocks net worth amount could also be $200,000. It depends on the definition, as lawyers love to say.
Everybody wants to know whom to choose for their financial planning needs. Finding a financial advisor best suited for your needs can be tricky. As a trust company created for wealth advisors, we celebrate success.
