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Are Incentive Trusts Gaining Popularity?
Al W. King III, South Dakota Trust Company
Incentive trusts are typically defined as trusts with provisions to encourage or discourage certain types of behavior and promote family values. Despite their appeal, they remain underutilized. One
Powerful Trust Planning Opportunities after Tax Reform for 2018 and Beyond
Al W. King III, South Dakota Trust Company
The Tax Cuts and Jobs Act of 2017 (the “Act”) brought extensive changes and a need to contemplate the doubling of the federal exemption from $5.6 million to $11.2 million for the estate,
The Risks of Serving as an Amateur Trustee for Your Family
Warner Norcross & Judd LLP
Although it is flattering to be asked to be a trustee, you should give careful consideration about serving in this important role, as performing the responsibilities of a fiduciary can expose you to
Choosing the Right Trustee
Robert G. Holdway, Fiduciary Trust Company
Whether it be a family member, trusted friend, or professional advisor, whom you pick as a trustee matters. An ideal trustee will follow through on the objectives outlined during your lifetime, your
Real Life Example: Transferring Wealth with Business Interests
Freeborn & Peters LLP
Despite the easing of estate taxes on many taxpayers, many family-held businesses continue to be burdened with large potential transfer taxes. Using a real-life story of one family business, we show
Creating Great Beneficiaries Requires a Robust Distribution Process
Waller Lansden Dortch & Davis
Becoming a great beneficiary starts with having a great trustee. If a trustee devotes the majority of his or her time to administrative matters and managing investments, the wealth distribution
The Delaware Income Tax Advantage for Trusts
Jeff C. Wolken, Wilmington Trust
Recent changes in the federal tax laws have provided a renewed focus on state income taxes and strategies available to minimize these taxes. While personal trusts have been used most commonly as
Entrepreneurialism Through Trusts: Including Direct Investments in Trust Structures
Many of the wealthiest and most sophisticated families are reconnecting to their family roots in entrepreneurship and are investing in, and managing, direct investments using thoughtfully designed
Creative Trust Planning for Real Estate Investors and Developers
Wilmington Trust
Tax reform has created major changes and opportunities for high-net-worth taxpayers, particularly those who are real estate investors and developers. The creation of the Internal Revenue Code section
A Comparison of Self-Settled Trust Laws in Popular PTC States
John M. Bunge, Waller Lansden Dortch & Davis
While laws in the United States generally allow trust property to be protected from the creditors of beneficiaries, there has traditionally been an exception to these protections where property in a