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/.  

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The Private Wealth & Private Client Review Features Todd D. Mayo

The August 2016 issue of The Private Wealth & Private Client Review (5th Edition) features a chapter by Todd D. Mayo entitled, “Modern Trust Design.”  Mr. Mayo outlines various key aspects of trust composition, including selecting an optimal governance structure, incorporating a family-controlled entity, and mitigating litigation risk. He further discusses broad considerations in developing appropriate dispositive provisions and protecting settlor intent.  Please click here to view or print a PDF of the select chapter.

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New Hampshire Introduces Foundation Act

By Todd D. Mayo New Hampshire has introduced a bill that would allow the formation, registration, and domestication of foundations. The bill (SB 225), which has already received a favorable vote in the state senate, would establish the New Hampshire Foundation Act. With the enactment of the Foundation Act, New Hampshire would become the first U.S. jurisdiction to permit the establishment of civil-law foundations. If the bill passes, the Foundation Act will be effective October 1, 2017. By recognizing foundations, New Hampshire would enable families from countries in which foundations are preferable to trusts as wealth management vehicles to avail themselves of a U.S.-based structure. Nature of a Foundation Under the Foundation Act, a foundation is a legal entity that holds and manages its assets for the benefit of its beneficiaries or in furtherance of its…

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