Description
Modern trust laws—including Directed Trusts, Trust Protectors, and the South Dakota Family Advisor—have transformed the trust industry in the United States. These progressive statutes, available in only a handful of states like South Dakota, have redefined how trusts are created and administered, delivering unprecedented direction, control, and flexibility to settlors, beneficiaries, and their advisors. In this session, David Warren, Co-Founder & Chairman of Bridgeford Trust Company, will explore how South Dakota’s modern trust laws empower families and advisors by providing innovative trust solutions that enhance trust administration, investment decision-making, and asset protection strategies.
Learning Objectives
• Break down the roles of Directed Trusts, Trust Protectors, and the South Dakota Family Advisor and how these concepts work together to strengthen trust administration, investment management, and beneficiary oversight.
• Examine South Dakota’s Special Purpose Entity (SPE), a unique planning tool that increases flexibility and mitigates risk for settlors and advisors serving in fiduciary roles within a Directed Trust.
• Discover the power of Decanting, which allows trusts to evolve alongside a family’s changing needs and provides a seamless way to move a trust to a more favorable jurisdiction, such as South Dakota.