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Trust Services

There are circumstances in which business owners should put their interests in trust. The Independent Group of CompaniesSM helps executives like you select the most advantageous type of trust, design a trust that is compliant with applicable laws and regulations, and provide ongoing administration of the trust.

Family Trusts

A family trust may be the best method for passing your closely-held business to your heirs. The trust can hold the business for a child while that child is too young to run it. Using the generation skipping concept, for example, you can pass the business to a grandchild through a family trust. The child's parent might operate the business. This allows the adult to receive income, but the asset will not appear in his/her estate or inheritance. A family trust may also allow you to provide a share of the business asset to children who are not active in the business. It also provides an income source for your family without burdening an unrelated partner with an unwanted partner. There are many situations in which a family trust is the ideal succession plan.

International Trusts

If you have international business interests, an international trust may help you retain your international earnings. If your business interests or family situations place you at high risk for litigation, you may want to discuss setting up an International Trust.

International Trusts provide a less regulated environment in which to plan your financial future around prenuptial agreements, children with special needs, or the need to provide for nonresident, noncitizen relatives.

An International Trust can open new doors to international investing if you want to participate in investments not available in the United States, but are prepared to assume the additional risks associated with offshore investing.

An International Trust is similar in many respects to a domestic trust. However there are benefits to be derived from choosing a different jurisdiction, or situs. You can take advantage of the domestic laws of your home jurisdiction and the jurisdiction chosen for the International Trust.

Personal Trusts

There may be business advantages also to a personal trusts, such as:

  • Charitable Remainder Trusts
  • Life Insurance Trusts
  • Testamentary Trusts
  • Rabbi Trusts
  • Education Trusts

*International investing does involve special risks, such as political unrest, economic instability and currency fluctuations.

©2000 Independent Planners Group, Inc.