|
|
|
|
|
If you have any questions or concerns, please use the contact information provided in this email as this inbox is not monitored for replies.
|
|
|
|
|
|
|
|
A round-up of the available options
Trusts have grown enormously in popularity since the mid-1990s as a result of the development of modern trust laws, the dramatic increase in wealth and evolving family needs and goals. Modern trust laws promote many key desires of a client’s estate planning, such as flexibility, control, tax savings, asset protection, family values, governance, succession, education and privacy. However, when designing and structuring a client’s estate plan, these key desires may not be properly coordinated with the selection of trustees, the type of trust and the type of trust administration. The assets funding the trust are another key factor that often gets overlooked.
|
Assets funding trusts can be quite diverse, particularly as an individual’s net worth increases. Generally, the current composition of global wealth transfers is:
|
- 40 percent privately held businesses
- 27 percent public holdings
- 6 percent real estate and luxury
- 27 percent liquid
This composition varies quite extensively by country (See “Asset Composition,” p. 51).
|
In the United States, the top 10 percent to 12 percent of households own a large percent of illiquid assets, for example, closely held businesses and real estate, which aren’t generally viewed as ideal assets for the typical trust. “Popular Trust Assets,” p. 53, summarizes many of the more popular client assets that need to be coordinated with a client’s trusts. Consequently, given the diverse range of assets held by clients, decisions regarding the selection of the type of trust, trustees and trust administration are extremely important.
|
|
|
|
Our thanks to 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.
|
|
|
|
|
|
|
|
Upcoming Events
- June 14 to 16: FAMILY BUSINESS CENTERS Executive Directors ALLIANCE, Wake Forest, NC
-
|
June 29: Pacific FBC, U of Northern Iowa, IA, Virtual
|
- July 11: University of Toledo, Virtual
|
|
|
|
|
Sign-Up For New Podcast: "Voice of Family Business on Capitol Hill" with host Pat Soldano.
|
Join our growing family of podcast listeners by clicking on the links below to our new podcast, "The Voice of Family Business on Capitol," where each episode delves into the major issues facing family businesses and family business centers today. Subscribe by clicking on these links, or wherever you get your podcasts.
|
|
|
|
|
|
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 multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill.
|
|
|
|
About Policy and Taxation Group
Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to fully enjoy the economic liberties and benefits of a robust free market unique to our nation. For over 25 years, we have been the loudest voice in the nation’s capital on eliminating the death tax. This ill-conceived tax has a destructive impact on families, family businesses, job creation, and the national economy.
|
|
|
|
|
|
|
|
|
|
|
Have questions or would like more information about becoming a Supporter or donating? Please contact John Marino at [email protected].
|
|
|
|
|
|
|
|
|
|
|
|
