Bridgeford Trust – Sponsor at the 53rd Annual Heckerling Institute on Estate Planning

Bridgeford Trust is excited to be sponsoring the 53rd Annual Heckerling Institute on Estate Planning from January 14-18, 2019 in Orlando, Florida.

If you are attending Heckerling this year, we encourage you to visit with us at our exhibit booth (Booth 400), enter to win a pair of Apple Airpods, AND attend two dynamic receptions that we are sponsoring!

Bridgeford Trust Reception – January 15, 2019

Join us on Tuesday, January 15th from 6:00pm – 7:00pm for a reception located right on the hotel grounds. 

The evening will be a great time of food, spirits, and networking with friends and colleagues. And, we are especially excited to partner with Berkowitz Pollack Brant, who will be sponsoring our event this year. Click here to RSVP.

South Dakota Trust Association Reception – January 16, 2019

On Wednesday, January 16 from 5:45pm – 7:30pm, we hope to see you at the SDTA’s cocktail reception that we are also sponsoring! This reception has developed into one of the conference’s premier events and is taking place from 5:45pm – 7:45pm in Grand Ballroom 8B at the Orlando World Center Marriott. Click here to view more details and to register.

Keep up-to-date with our activity at Heckerling, by visiting www.bridgefordtrust.com/heckerling2019.

If you have any questions or would like to set up a time to meet with our team, please feel free to contact Melissa Roberson, Marketing Director with Bridgeford Trust Company at mroberson@bridgefordtrust.com.

We look forward to seeing you in Orlando!

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Bridgeford Trust Company is proud to have our recent merger broadcast on Asset TV! Asset TV is a digital media company recognized as the leading global community broadcasting market and is a resource for 400,000 advisors, pension funds, consultants, family offices, and wealth managers across the globe. Asset TV’s videos are linked to some of the biggest financial websites around the world, including Bloomberg.

The site is a great resource for Financial Advisors, RIA’s, Broker-Dealers, and institutional investors and we encourage you to check it out! Our video can be seen by clicking here.

We’re excited about having the “New Bridgeford Trust” featured on this prominent resource for the global investment management industry, as well as our digital media presence globally on YouTube, LinkedIn, Twitter, and Facebook.  Follow Bridgeford Trust Company on all of these social media outlets to stay up-to-date on current wealth management trends and the power of modern trust laws, delivering far more direction and control to settlors of trusts, beneficiaries, and their advisors than ever before.

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This webinar entitled “Modern Trust Laws: Delivering Direction and Control” was originally produced on Wednesday, October 17, 2018. We hope that you enjoy the full recording of the presentation and additional resources offered below.

Modern trust laws, including directed trust, trust protector, and the newly created family advisor, have revolutionized the trust industry in the United States. During this webinar, David Warren, Chairman of the Board/Co-Founder of Bridgeford Trust Company and President/CEO of Bridgeford Advisors, highlighted how these modern progressive trust laws, found only in a handful of states including South Dakota, have drastically changed how trusts are created and administered, delivering far more control and direction to settlors of trusts, beneficiaries, and their advisors than ever before.

This webinar:

• Examined the directed trust, trust protector, and family advisor role in detail and how these concepts combine to deliver tremendous control and direction to settlors of trusts and beneficiaries over many important aspects of trust administration, including investment and distribution decisions.
• Considered South Dakota’s Special Purpose Entity and how this unique planning nuance, only available in South Dakota, can provide even more control and protection for settlors of trusts and the advisors that serve in various fiduciary roles within the directed trust structure.
• Explored the concept of decanting in the context of the direction and control this powerful planning tool brings to beneficiaries of trusts and their advisors looking to “breathe new life” or otherwise modernize older trusts.

 

This free, one hour-long webinar took place on Wednesday, October 17 at 2:00 p.m. EST. 

If you have any questions regarding the material covered in this webinar, please contact us via our contact page.

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For the 7th consecutive year, South Dakota is again ranked as being the top Dynasty Trust state in the nation while Delaware, long considered a top tier trust jurisdiction, slips again in the rankings to the 8th position. A Dynasty Trust, not available in all states, is a powerful planning tool that essentially allows a trust to live in perpetuity (forever), therefore never subjecting the assets to federal estate taxation through a forced distribution. South Dakota was the first state in the nation to abolish the Rule Against Perpetuities in 1983, clearing the way for the creation of the first Dynasty Trust.

The rankings chart, an annual ranking of Dynasty Trust states from across the country published by Nevada attorney Steve Oshins, is an excellent resource for advisors and clients because of the methodical and objective approach to evaluating the factors that impact the viability of Dynasty Trust states, such as whether they have an asset protection statute and how effective it is in comparison to other states. In addition, the chart considers state taxation on trusts and whether the state has a decanting statute. The chart accentuates the vital importance of considering alternative trust jurisdictions in the wealth and trust planning process to ensure that clients are availing themselves of the most progressive trust laws in the country, particularly in the area of Dynasty Trust formation, which continues to be a very hot topic.

A very important factor to consider relative to whether a Dynasty Trust state is the best for clients, which is not considered in Steve Oshins’ chart, is privacy. States have different privacy provisions protecting information contained in a trust from becoming public. Most states have no privacy provisions and in Delaware, after 3 years, sealed trust information can become public. South Dakota is the only Dynasty Trust state that has a total seal on trust information forever, prompting Trusts & Estates Magazine to observe,

“Of the top tier trust jurisdictions, South Dakota has the best trust privacy laws.”

Clearly, this is also an important factor to consider when determining where to place a trust in the wealth planning process. Click here for more information about South Dakota’s powerful privacy provisions.

Other important factors not considered in Steve Oshins’ chart are the availability of the Special Purpose Entity, as well as the newly created Community Property Trust and Family Advisor, powerful planning tools not available in other U.S. trust jurisdictions that deliver far more direction and control over trust creation and administration to settlors of trusts, beneficiaries, and their advisors than ever before. Learn more about these very progressive and cutting edge trust laws offered by South Dakota, and view an objective chart comparing top tier trust jurisdictions by clicking here. 

Steve Oshins’ chart can be viewed by clicking on the image below.

For more information regarding Dynasty Trusts, please contact Bridgeford Trust via our contact page.

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Bridgeford Trust is excited to once again co-sponsor McKonly & Asbury’s upcoming Collaborate Conference. McKonly & Asbury is a public accounting and consulting firm that provides advisory, assurance, entrepreneurial, internal audit, professional placement, and tax services to many of Central PA’s largest and most well-known companies and organizations. Their 6th annual conference features a variety of topics and speakers, customized to past participant feedback, as well as to what’s trending in the business community. It will take place on Thursday, November 8, 2018, at the Sheraton Harrisburg Hershey Hotel from 8:00am-5:00pm.

David A. Warren, Chairman of the Board and Co-Founder of Bridgeford Trust Company and President and CEO of Bridgeford Advisors, will be presenting a breakout session entitled “Individual Wealth Tax Planning.” The presentation will explore changes in the federal tax code that make state tax planning more compelling now than ever, even in a relatively low tax state like Pennsylvania. The discussion will include trust planning strategies to avoid federal estate tax over multiple generations as well as strategies to potentially avoid state taxation on undistributed trust income and avoid state capital gains upon the sale of assets with low cost basis, such as a closely held business or public stock position.

Highlights of this conference include:

• Tom Ridge, first Secretary of Homeland Security and former Governor of Pennsylvania, current Chairman of Cybersecurity and Technology at alliantgroup, as the keynote speaker! In today’s environment, businesses need to stay ahead of malicious trends and cyberattacks and this requires the need for constant innovation in the cybersecurity sector. During this keynote session, Governor Ridge will review increased threats as well as steps necessary to ensure your business does not fall victim to a cyberattack.
• Dynamic general sessions focused on current issues that attendees face every day, including a Mergers & Acquisitions Market Update, a Market & Economic Overview, and common business mistakes that appear in Business Litigation Matters.
• Afternoon breakout sessions for attendees to choose from, including tracks focused on Business, Technical, and Non-Profit topics.
• A total of 7 Continuing Professional Education Hours and 6 Continuing Legal Education Credits are available.
• Breakfast, lunch, and reception after the day’s sessions.

For more information on the day’s events, including the full agenda and how to register, please visit www.macpas.com/collaborate2018.

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