Resources

May 15, 2018

Mainsail Family Trust- May 2018 Newsletter

Written by: Mainsail Family Trust Categorized in:

Asset Protection: The Path to South Dakota One of the most innovative new estate planning strategies for protecting the assets of wealthy clients involves the use of self-settled trusts with trust administration in South Dakota. This growing trend for South Dakota asset protection strategies helps high net worth individuals mitigate the risk to their wealth without going offshore. Asset protection...

April 11, 2018

Mainsail Family Trust- April 2018 Newsletter

Written by: Mainsail Family Trust Categorized in:

Charitable Giving Strategies and Opportunities People have a number of different reasons for charitable giving. Some give to support personal values, such as specific interests, others due to concerns about a legacy, and some with a view to philanthropic intent combined with estate planning opportunities. Regardless of the intent, though, charitable giving is a highly personal decision that should be...

March 12, 2018

Mainsail Family Trust- March 2018 Newsletter

Written by: Mainsail Family Trust Categorized in:

Creating and Reviewing ILITs The irrevocable life insurance trust (ILIT) has been a useful estate planning tool for several generations. However, given the constantly changing tax environment and the developments in both estate planning techniques and insurance products, it is important to periodically review your client’s ILIT to confirm that the rationale for creating the trust is still valid, that...

February 2, 2018

Mainsail Family Trust- February 2018 Newsletter

Written by: Mainsail Family Trust Categorized in:

The Role of a Trustee – Responsibilities and Liabilities The roles and responsibilities of a trustee are the same regardless if he or she is a family member or a hired professional. It is important to understand these responsibilities in order to decide whether to use an individual trustee or a corporate trustee to administer the trust. Who Will Serve...

January 8, 2018

Mainsail Family Trust- January 2018 Newsletter

Written by: Mainsail Family Trust Categorized in:

Is It TRU? Tax Reform Update Assuming a final version of the new tax law gets passed in its current form (as of this writing December 17, 2017) and is to the president’s desk by December 25, 2017, the U.S. will have a new tax law for the new year. What affect this will have on each person depends on...

December 1, 2017

Mainsail Family Trust- December 2017 Newsletter

Written by: Mainsail Family Trust Categorized in:

Giving With Impact It is important to understand the philanthropic landscape in order to give in a way that is beneficial to everyone involved. Making the most from gifts to those who have the least is a typical objective, and coordinating this goal with family legacy ties up the gifts with a bow, so to speak. This article will explore...

November 1, 2017

Mainsail Family Trust- November 2017 Newsletter

Written by: Mainsail Family Trust Categorized in:

Don’t Fumble the Handoff The American Dream: owning your own business, being your own boss, passing the family business to heirs or selling it for a big payday. Most people have a hard time accomplishing the latter part of this effectively. In fact, only about half of business owners have succession plans. Why is this so? In most cases, owners...