An increase in income tax rate means you'll pay a higher percentage of your income to the government. This directly reduces your disposable income, the money you have left after taxes for spending or saving. This can make it harder to afford basic necessities, save for retirement, or invest in your future.

South Dakota Trust Company Execs in New Webcast Detail How Flexibility in Family Trust Design is Crucial for Family Enterprise Planning

 

‘Powerful Trust Designs and Structures’ is Topic of Panel Discussion with SDTC’s Paladino, Murphy, Signori, and Family Enterprise USA’s President Pat Soldano

 

A new webcast featuring three senior trust experts from South Dakota Trust Companies details how new and powerful trust designs can benefit America’s family businesses. 

The webcast, hosted by Family Business USA’s President Pat Soldano, features South Dakota Trust Planning Company President James Paladino, William Murphy, Managing Director, Planning, and Mario Signori, Managing Director and Corporate Counsel.

The webcast details how new family trust planning strategies for multi-general family enterprises can help families deal with such uncertainties as family transition, estate taxes, economic shifts, next generation leadership, and even political change.

“There are so many uncertainties facing family enterprises it is critical to look at new trust designs and structures,” says Paladino, President, South Dakota Trust Company. “Trusts need to provide flexibility and customized to each family’s needs,” he says.

South Dakota Trust, based in Sioux Falls, has six offices with clients in 47 states and $135 billion in assets under administration.

“Third-party trusts make up the majority of trusts today,” said Managing Director Signori. “But self-settled trusts are now revolutionizing the approach to trusts, since they now offer new asset protections,” he says in the webcast.

The company also looks to trust protectors as another important tool family businesses should consider, according to Murphy, Managing Director of Planning.

“A third-part decision maker provides even greater flexibility for the family,” Murphy offers. “This layer of protection varies by state statutes but work best in states with no personal income taxes.”

The webcast by South Dakota Trust Companies and Family Enterprise USA is part of series of videos and webcasts created to be used as a resource for multi-generational families looking for information and experts on a variety of issues, from estate taxes and business planning to workplace training.

“Family trust planning is more critical than ever before,” said Pat Soldano, of Family Enterprise USA, advocates for America’s family businesses. “We hope these webcasts offer valuable insights and information for the managing and transitioning of family enterprises,” she said.  “These stories and resources are messages we want to continue to deliver to our leaders in Congress, so they can be educated on the importance of family businesses to the American economy.”

Webcast Replay: South Dakota Trusts' Game-Changing Tactics in Family Business Planning

About South Dakota Trust Company
South Dakota Trust Company LLC (SDTC) is a national boutique trust company founded by Al W. King III and Pierce H. McDowell III, and headquartered in Sioux Falls, South Dakota. Currently, SDTC has more than $135 billion in assets under administration and $82 billion under agency and currently works with over 115 billionaire and 360 centimillionaire clients who have chosen SDTC as a result of SDTC’s exceptional service, along with South Dakota’s competitive and unique trust, privacy, asset protection, income tax, and private family trust company laws.

We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…

As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a supporter.

The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.


Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.

Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.


#incometax #taxseason #federaltaxpolicy #taxation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #CapitalGainsTax #incometaxrates #incometaxseason #taxrefund #taxreturn #incometaxreturn #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #FamilyBusiness #promotefamilybusinesses #familyowned #supportlocalbusiness #womeninbusiness #AdvocatingForFamilyBusinesses #Generationallyowned #Multigenerationalbusiness  @FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyEnterpriseUSA #PolicyAndTaxationGroup #DitchTheEstateTax