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.
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.
We are not your grandparents trust company.
This blog will cover the history, evolution and simple approach about and on client service. As an advisor friendly trust company, we view client service as an evolution through successes and failures.
When individuals hear the word trustee, they often associate the word fiduciary along with it. However, most individuals do not understand what acting in a fiduciary capacity means. A fiduciary trustee is required to act in the highest statue of service, and a fiduciary is legally bound to put their clients best interests above their own. Wealth Advisors Trust Company serves as a fiduciary.
When a large amount of wealth is being transferred, it is essential to understand what taxes can occur. This blog will cover the importance of understanding the federal estate tax, the power of the marital deduction, and South Dakota's Special Spousal Trust.
