A bank trust company is a corporation that acts as an agent, fiduciary, or trustee. It is a trust company within a bank. Almost every city has a bank trust company. Not all states have the same quality trust law. South Dakota trust law offers the most control and choice for everyone.
Examples of a bank trust company are CoAmerica, JP Morgan Trust Company, SunTrust, and Frost Trust Company.
The term “bank” usually refers to those institutions dealing strictly with deposits, and loans. A trust company is a corporate trustee that can be tied or not tied to a bank and just offers trustee services. (more…)
Do you write your own blog? I do.
Why?
At my core, I am a geek/nerd who loves to learn, especially about why's and how's.
Connecting the dots that are not obvious fascinates me. I always wanted to be a history professor.
The Q&A below acts as a template anyone can ask themselves to start writing interesting blogs. If someone asks you, do you write your own blog, you can say yes because I enjoy learning and sharing that knowledge. (more…)
Advisors have the option to use a trust fund company that does not compete against them. There will be an avalanche of asset transfers between generations over the next 30 years. This blog provides information on the past, present, and future of trust law and the trustee industry. This information will help advisors to make informed decisions on clients’ generational planning choices, and to attract and retain assets.
Asking for money from a corporate trustee usually becomes an unhappy experience. It does not have to be.
Everybody has stories about these situations. These trust distribution requests usually become complicated by corporate trustees. It does not have to happen.
Why does it happen?
This question goes back 400 years. It starts with a trustee's job of protecting the trust assets and stodgy belief that paper only processes always yield better client results than balancing digital and paper. Corporate trustees love paper and all things manual.
We decided to push the trust industry into the digital age. (more…)
A south dakota trust company has 3 trust company business models to offer. The traditional corporate trustee offered the choice with limited control for clients. Over the last 20 years, newer corporate trustees offer two additional trust company business models. Wealth Advisors Trust, a south dakota trust company, offers two corporate trustee solutions. These solutions place the advisor and their clients back in the driver's seat. For the last 400 years the traditional trust company had the monopoly of trustee services. Today, control and choice are options for corporate trustees who operate as a south dakota trust company.
South Dakota’s dynastic trust laws allow every family to potentially become wealthy among the leagues of the ultra-rich. Why limit yourself to keeping up with the Jones when you can be the Jones?
The attractive benefits of South Dakota dynastic trusts include the strength of preserving wealth for future generations, protecting those assets as they descend through the generations, and most importantly, the immense income tax savings.
The repeal of South Dakota’s Rule Against Perpetuities allowed for the creation of dynastic trusts. This allows for the money to largely avoid heavy tax burdens and be shielded away from creditors forever.
When thinking about creating a South Dakota Dynastic Trust remember WAS: Preserving Your Wealth, Protecting Your Assets, and Potential Tax Savings. Your money WAS, is, and forever will be protected by South Dakota’s trust friendly laws. (more…)
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.
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.
