News & Library

Perspecta Trust Makes Significant Addition to Management Team

HAMPTON, N.H., Sept. 28, 2015 (GLOBE NEWSWIRE) — Perspecta Trust announced today that it has hired Stephen J. Tall to serve as the firm’s Chief Operating Officer. In this newly-created role, Mr. Tall will oversee all operational aspects of the firm, focusing on client support, technology, administration and operational efficiency. Mr. Tall joins Perspecta from Acadia Trust, where he served as president and CEO. Prior to joining Acadia, Mr. Tall held senior positions at Fiduciary Trust Company International, including chief administrative officer, chief technology officer and chief compliance officer. Prior to his time at Fiduciary Trust, Mr. Tall was an associate partner at Accenture, where he led international financial services client engagements in technology and operations consulting and outsourcing. Speaking to the new management addition, Scott Baker, president of Perspecta…

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Welcome to the U.S.A.: The Rising Popularity of U.S.-Situs Trusts

By Todd M. Beutler and Todd D. Mayo Family Wealth Report from Wealth Briefing, September 8, 2015 Across the globe, there are a number of attractive jurisdictions for trusts. Among them are a handful of U.S. jurisdictions. More and more, wealthy families are including U.S.-situs trusts in their wealth planning structures. Several factors—including investment opportunities, wealth preservation, tax planning, and good laws—are motivating non-U.S. families to use U.S.-situs trusts. Investing in the U.S. Many families are looking to invest in the U.S. Right now, much of the investment activity involves U.S. real estate. The Wall Street Journal, International Business Times, CNN, and other media outlets have recently spotlighted investment by Chinese families, who currently are the largest group of foreign real estate buyers in the U.S. As the Wall Street…

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New Hampshire Streamlines Private Trust Company Rules

New Hampshire Modernizes Its Trust Company and Family Trust Company Laws CONCORD, N.H., July 30, 2015 (GLOBE NEWSWIRE) — On Monday, Governor Maggie Hassan signed into law a bill modernizing and simplifying New Hampshire’s trust company and family trust company laws (also known as private trust companies). The New Hampshire Trust Council (www.nhtrustcouncil.com) supported and helped to write the bill. “By modernizing and simplifying the trust company and family trust company laws, the new law further enhances New Hampshire’s attractiveness on both the national and international stages as a leading trust jurisdiction,” said Todd D. Mayo, president of the New Hampshire Trust Council and a principal and general counsel of Perspecta Trust (www.perspectatrust.com). Mr. Mayo was a member of the working group that drafted the new law. The new law…

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