News & Library

The International Family Offices Journal Features Article by Todd D. Mayo

The June 2017 issue of the International Family Offices Journal (4th Edition), features an article by Todd D. Mayo, entitled “Trust Governance Models.”  Mr. Mayo discusses the evolutionary progression of trust governance structures and examines the advantages and disadvantages of various trust models. Please click here to view and/or print the article.   The International Family Offices Journal is a publication of Globe Law and Business: http://familyofficesjournaldirect.globelawandbusiness.com/.  

Tweet about this on TwitterShare on FacebookEmail this to someoneShare on Google+Share on LinkedIn

New Hampshire’s Attractive Landscape for Trusts and Trust Companies

  For wealthy families, New Hampshire is one of most attractive states in which to create and manage their trusts. New Hampshire offers a trust- and business-friendly landscape that combines family trust companies, modern trust laws, and a favorable tax environment. That combination facilitates creative trust design and efficient administration, which can more effectively achieve a family’s wealth planning goals. Modern Trust Laws New Hampshire has a robust set of modern trust laws, which afford settlors broad flexibility and creativity in designing trusts well suited to their specific needs and wishes. Those laws facilitate the more efficient administration of trusts and importantly provide a high level of certainty concerning the rights, duties, and powers of settlors, beneficiaries, trustees, trust advisors, and trust protectors. Two important themes run through New Hampshire’s…

Tweet about this on TwitterShare on FacebookEmail this to someoneShare on Google+Share on LinkedIn

Charitable Lead Trusts

A charitable lead trust (“CLT”) is an irrevocable trust that pays a fixed amount or percentage of trust assets to one or more charities of the settlor’s choosing for a term of years, with the remaining assets eventually going to family members, trusts, or other beneficiaries. The income tax advantages of a CLT will vary depending on its particular form, but generally settlors will recognize estate and gift tax benefit through the use of this technique. CLT STRUCTURES There are two general types of CLTs – a grantor CLT and a nongrantor CLT.  Each can be in the form of a unitrust or an annuity trust.  A grantor CLT provides an income tax deduction on its creation to the settlor, however the settlor is then taxed on all income that will…

Tweet about this on TwitterShare on FacebookEmail this to someoneShare on Google+Share on LinkedIn