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Recent Posts
What Did We Learn about Investments in 2023?

Reflecting on the tumultuous investment landscape of 2023, Buckingham Strategic Partners distilled invaluable insights into their “Top 10 Investment Lessons of 2023.” ...

The post What Did We Learn about Investments in 2023? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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What Does the IRS’s recruiting efforts mean for taxpayers?

The IRS’s recent intensification in recruitment to address wealthy taxpayers is raising eyebrows among high-net-worth ...

The post What Does the IRS’s recruiting efforts mean for taxpayers? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim

Estate planning for business owners, particularly those known for impulsive decision-making, requires a nuanced approach. ...

The post Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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What Is a Directed Trust?

When thinking about your family wealth management there are many different options available to you. Consulting with an experienced asset protection planning attorney can help you to decide which of these tactics is most appropriate for you. A directed trust could be an option if you are contemplating establishing a family trust. Directed trusts have been in existence for many years but were not recognized in the law until 1986 when the state of Delaware adopted the first legislation.

Other states have also created directed trust statutes including South Dakota, Nevada, Illinois, and Alaska but it’s important to remember that you do not need to live in one of these states to take advantage of a directed trust. Turning over wealth to a corporate trustee is one of the leading concerns for families creating trusts.

Directed trusts give a way to set up a trust to transition into a fiduciary relationship instead. The way these work is that an individual is appointed either as a firm or as a sole advisor who directs the trustee on a certain aspect of trust administration, such as distributions to beneficiaries or investment management.

This means that you can take advantage of the experience, longevity and stability of a known corporate trustee but place responsibility for specific decisions with another firm or individual. Corporate fiduciaries often have extensive experience in managing investments for trusts and in exercising discretionary powers for beneficiary distribution. In all of these circumstances a directed trust might be the perfect way for you to accomplish your individual estate planning goals.

Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
What Did We Learn about Investments in 2023?

Reflecting on the tumultuous investment landscape of 2023, Buckingham Strategic Partners distilled invaluable insights into their “Top 10 Investment Lessons of 2023.” ...

The post What Did We Learn about Investments in 2023? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
What Does the IRS’s recruiting efforts mean for taxpayers?

The IRS’s recent intensification in recruitment to address wealthy taxpayers is raising eyebrows among high-net-worth ...

The post What Does the IRS’s recruiting efforts mean for taxpayers? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim

Estate planning for business owners, particularly those known for impulsive decision-making, requires a nuanced approach. ...

The post Entrepreneur Estate Plans For Those Who Choose To 1) Ready, 2) Fire, THEN 3) Aim first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more