Powerful Trust Planning Trends in 2022
Al King will join us virtually for this session. Topics included are:
Wealth Transfer:
1.) $72 trillion is due to transfer from the Silent Generation and Baby Boomers to Millennials and Gen X through 2045. Why is the modern directed trust so desirable to the Millennials and Gen X from an administrative investment and asset protection standpoint?
Charitable:
2.) $12 trillion is due to transfer to charity through 2045. This has resulted in powerful developments regarding charitable giving and the Family Dynasty Trust. The transfer also raises the question of whether a family will also need a Perpetual Private Foundation and/or Donor Advised Fund? Combination?
Investments:
3.) The unique investment climate with high inflation and uncertainty has resulted in the need for some very unique investment strategies for trusts. These strategies may require the ability for trusts to adjust from a traditional 60/40 blend to a required 33/33/33 blend adding alternatives to the mix without any Prudent Investor Act or other trust law issues. Modern directed trust laws allow for either sophisticated asset diversification or no diversification at all. This flexibility is crucial to many family trusts in the current economic environment. Also providing the ability to deal with cryptocurrency and/or heavy allocations to cash?
About the Speaker:
Al W. King III is the Co-Founder, Co-Chairman and Co-Chief Executive Officer of South Dakota Trust Company LLC (SDTC) and SDTC Related Companies with offices in South Dakota, New York, Wyoming, Nevada and Westport, CT. SDTC is a national trust boutique serving wealthy families from 54 countries and 47 states. SDTC currently has more than $100 billion in assets under administration. Previously, Mr. King was Managing Director and National Director of Estate Planning for Citigroup and also the Co-Founder and Vice Chairman of Citicorp Trust South Dakota. Mr. King is the Co-Vice Chairman of the Editorial Board for Trusts & Estates magazine. He has been inducted into the National Association of Estate Planning Council’s (NAEPC) Hall of Fame and is a member of the NAEPC webinar and publication committees. He is also a member of many other groups/ organizations. Mr. King received his J.D. degree from Syracuse University Law School; his LL.M. in tax law from Boston University School of Law; and his B.A. degree from Holy Cross College.
Registration for in-person attendance will close at 5 pm on Monday, March 14th.
If you do not feel well, or have been exposed to Covid, we ask that you stay home and join us at the next event.
