Trust Planning and Powerful Modern Trust Law in the midst of COVID-19

As we continue to monitor the COVID-19 (Coronavirus) outbreak, our thoughts turn to the health and well-being of our friends across the country and around the world. All of us at Bridgeford extend our most heartfelt thoughts and prayers to all of you during this unprecedented, uncertain, and difficult time.

The very unique aspect of the current economic situation and financial landscape makes trust planning using powerful modern trust law even more compelling and relevant than perhaps ever before. Especially around state tax planning using trusts in no state income tax jurisdictions like South Dakota, asset protection, and privacy. As we move through this crisis together, Bridgeford will continue its commitment to provide relevant and timely education through all of our digital media platforms including interactive webinars, podcast episodes, videos, and blog posts.

Watch the video below for a presentation given by David Warren, Co-Founder and Chairman of the Board of Bridgeford Trust Company and President/CEO of Bridgeford. In it, David discusses important state tax planning opportunities under recent Supreme Court case law and the vital importance of proper trust jurisdiction selection in the planning process.

 

 

As the COVID-19 situation continues to evolve, know that your friends at Bridgeford have you all in our thoughts, and look forward to our continued collaboration, friendship, and work together as we move through, and emerge from this crisis together, stronger than ever. Below is a piece that greatly resonated, and inspired hope and clarity during these difficult times for Bridgeford. Please do all you can to care for yourselves and your families. Stay healthy and safe!

“And the people stayed home. And read books, and listened, and rested, and exercised, and made art, and played games, and learned new ways of being, and were still. And listened more deeply. Some meditated, some prayed, some danced. Some met their shadows. And the people began to think differently.

And the people healed. And, in the absence of people living in ignorant, dangerous, mindless, and heartless ways, the earth began to heal.

And when the danger passed, and the people joined together again, they grieved their losses, and made new choices, and dreamed new images, and created new ways to live and heal the earth fully, as they had been healed.”

~ Kitty O’Meara