Private family trust companies have increased in popularity in recent years, and several states have adopted statutes specific to them. This compiled information compares state trust law requirements for Virtual Representation, Nonjudicial Settlement Agreements and Nonjudicial Modification Agreements in selected states that have PFTC statutes, including Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, and Wyoming.
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Mexico is at a pivotal point in the evolution of its energy markets. In the last few years it has passed reforms to liberalize its oil, gas, and electricity markets with the intent of attracting private investment to build out its energy infrastructure. Driven primarily by increased demand in the electricity sector, Mexico’s natural gas market has grown at an average annual rate of 3.5 percent over the past decade.
Beyond an investment, a collector car is a highly personal possession that embodies your many dreams brought to life and should be treated differently when choosing the right collector car insurance. View the video below to learn more about how insuring a collector car is not the same as insuring a standard car under a regular auto policy.
Estate planning is often part of a divorce settlement, and negotiation of these terms can be as integral to the divorce settlement as allocation of parental responsibilities, support issues, or division of marital estate. For example, even a relatively simple Marital Settlement Agreement may generally contain waivers of an ex-spouse’s right to make claims to the other party’s estate upon death, including rights to property and to act as a trustee or executor of the estate.
More than ever before, giving families are working to involve multiple generations in their philanthropy. This emergent trend comes with a shift that focuses the conversation of next generation engagement from a “passing the baton” mentality—where succession planning is the motivator for next gen participation—to an intergenerational focus. Knowing how to make the most of your family’s time, talent, and treasure can be an opportunity of a lifetime to create profound family ties and remarkably effective family philanthropy.
Regardless of industry or structure, all organizations must be proactive to stay ahead of potential risks and unforeseen threats like a pandemic or economic downturn. Implementing an Enterprise Risk Management (ERM) program will help organizations better anticipate, navigate, and minimize the negative effects of the next threat and improve resilience. When done well, an ERM program builds a risk-conscious culture that also enhances performance.
For one reason or another, many families are reevaluating and modifying their fiduciary structures. To assist in these discussions, a reference summary of state laws is provided for consideration when establishing wealth transfer plans and structures, including taxation, trust laws, asset protection, and regulated and unregulated private trust companies. This updated summary includes a broader aggregation of top U.S. trust jurisdictions, including Wyoming, Alaska, Delaware, Nevada, New Hampshire, South Dakota, and Tennessee.
As the COVID-19 vaccine becomes a larger part of the national conversation, employers will need to assess and/or develop a vaccination policy and plan. Employer-driven vaccination programs require a thorough understanding of employment law, compliance, employee well-being and education. This e-book covers employment law considerations and explains the specific limitations that pertain to requiring employees to be vaccinated.
The data shows that water damage from ruptured pipes is significantly more extensive and disruptive when caused by freezing temperatures. Take precautions when the temperature drops. Learn what you can do to prevent frozen pipes and better protect your property.
Continuing a trend of the past five years, exchange-traded funds (ETFs) grew in assets under management in 2020. However, the fact remains that the ETF continues to be a one-size-fits-all solution that isn’t optimal for everyone. The flexibility of a custom passive separately managed account (SMA) can beat an ETF in terms of tax efficiency in many cases. Three advantages of the SMA illustrate the benefits.