Over the past four decades, modern trust law has fundamentally reshaped the trust industry, giving advisors and their clients new opportunities to reduce conflicts of interest, increase flexibility, and preserve greater direction and control in their estate planning. Understanding these developments is becoming increasingly important for domestic and international families and the advisors who serve them.
In the latest issue of Estate Planning, a Thomson Reuters journal, Bridgeford Trust Company Co-Founder & Chairman, David Warren and Global Marketing & Digital Media Director, Melissa Roberson offer insights into these developments in their article, “The U.S. Trust Industry Transformed: The Rise of Modern Trust Law and Independent Trust Companies.”
The article explores the framework behind directed trusts and trust protectors, the emergence of independent trust companies, and the vital importance of trust jurisdiction selection. It also discusses how increasing consolidation within the trust industry may be reintroducing many of the structural conflicts that modern trust law was intended to address.
Click here to read the full article, published in Estate Planning, a Thomson Reuters journal, and available on Westlaw and Checkpoint.
To learn more about modern trust law, the independent trust company approach, and the planning opportunities available through top-tier U.S. trust jurisdictions, reach out to us via our contact form or call us at (605) 224-9189.
