The Evolution and Challenges of the Trust Industry

Jeffrey C. Wolken |
Wealth Planning

As trusts evolve, the need for a robust and experienced trustee is paramount.  Over the past half-century, the role of trustees has evolved rapidly along with the trust industry itself.Increased complexity of trust investments and expansion of modern trust laws are just two elements of this evolution.Modern trusts require the services of robust professional trustees adept at navigating complex legal, tax, investment, and regulatory issues.


Business Interests Held in Trust

Donald P. DiCarlo Jr. |
My Business

When holding business interests in a trust, it’s important to understand the different structural models for fiduciary decision making.When a business interest is the primary asset in a trust, it can create challenges for both the Trustee and business owner.The trustee’s general fiduciary duty to diversify the trust’s investments may not align with the business owner’s goals.Certain trust features can help to alleviate this conflict.


The Benefits of QTIP Trusts

Carlo Lombardi |
Wealth Planning

This estate planning option offers flexibility in the allocation of your estate property while maximizing your tax saving benefits.A QTIP trust serves like a “crystal ball” for the uncertainty of the future for married couples.A QTIP trust is a marital trust designed to provide for your spouse after your death while protecting your assets for future generations.The QTIP trust also offers flexibility to your Executor in maximizing your federal estate tax savings.