Matthew Tobin, Managing Director – South Dakota Trust Company, LLC
Wednesday, March 8, 2017
This webinar analyzed the meaning and understanding of “situs” as it relates to Private Family Trust Companies, and focused specifically on the concepts of trust company situs, trust situs, and tax situs.
Pam Lucina, Joan K. Crain, Justin Miller and John Welsh
Wednesday, January 25, 2017
Significant tax reform is likely on the horizon. Given the proposals from President-elect Trump and the Republicans in Congress, we may see legislation repealing the current estate tax passed in 2017, and potentially changes to the gift and generation skipping transfer (GST) tax rules.
It is near certain there will be sweeping tax legislation in 2017, but not of the sort many expected. Looking back over 2016, there were a few significant tax changes but many proposals and much speculation concerning tightening of regulations and new taxes.
By enacting progressive trust laws building on the uniform trust code, Tennessee is attracting a growing number of family offices that are seeking flexibility to adapt to changes in family circumstances and the world around them.
Individuals and families that manage their wealth wisely tend to take an active role in doing so. Rather than leave everything in the hands of an advisory team, they make sure they’re knowledgeable about the key factors affecting their wealth.
Private trust companies are not a new phenomenon. Rather, over the past 25 years, they have increased dramatically in number, with hundreds of major, family-controlled trust institutions now operating in the United States.
Jennie Cherry, Stanley A. Barg, Rashad Wareh and George Harris Jr.
Monday, October 17, 2016
Even though a trust may be established under the laws of a US state and have a US trust company serving as trustee (hereinafter a ‘US-based trust’), this does not mean that it is a US domestic trust for income tax purposes.