Our partnership with The Capital Trust Company of Delaware contributes a deep understanding of fiduciary principles and the expertise to apply them in virtually any trust situation through our team of advisors. Their location in Delaware allows us to access and bring to each client the full power and flexibility of the most wealth friendly laws in the nation.
Clients are best served by cooperating teams of professionals who bring high competence in planning, law, accounting, investing and risk management to each client engagement. Unlike large financial services conglomerates that aim to provide all services under one roof, client-centered teams incorporate the checks and balances necessary to provide clients with independent, objective advice and high quality service.
Our Team Contribution
Through our strategic partnership we are able to offer expertise in planning and administration for all types of personal trusts: living trusts, charitable trusts, special needs trusts, dynasty trusts, asset protection trusts, life insurance trusts, irrevocable grantor trusts, Crummey trusts, rabbi trusts, and others. Capital Trust Company will serve as the trustee of trusts governed by the laws of almost every state, or as trust administrator. They will accept co-trustees but actively promote the use of trust protectors as a more flexible and lower risk alternative.
Administrative Services Include:
Preserving confidentiality
Managing discretionary disbursements with sensitivity and
compassion
Maintaining full tax coast basis records and principal and
income accounting
Preparing and filing trust tax returns
Distributing tax information to beneficiaries and their advisors
Communicating through statements, meetings and
correspondence
Providing on-line access to account information
Holding client assets in secure custody
Collecting and distributing income
Paying bills
For more information on The Capital Trust Company of Delaware please feel free to visit their web site at: www.ctcdelaware.com
A personal trust is a powerful estate-planning tool that can play an important role in preserving your assets for future generations.
There are many reasons people create personal trusts:
Control wealth distribution to heirs
Reduce potential estate tax liability*
Avoid probate
Allow tax efficient gifts to charities
Provide for needs in the case of illness or incapacity
Usually when you appoint a corporate trustee for your trust, your personal financial advisor no longer has a direct role in the investment management of your trust assets. However, with a Franklin Templeton Bank & Trust (FTB&T) Advisor Directed Trust, you can appoint Brandywine Financial Group, Inc. as the investment fiduciary for your trust. Brandywine Financial Group, Inc. (“BFG”) (as the investment fiduciary), rather than the corporate trustee, has full and exclusive authority for managing the investment of your trust assets while working with you to develop an investment plan that serves your long-term objectives.
Steps to Create a New Trust or Transfer an Existing Trust
1. If you do not have an existing trust, Brandywine Financial Group, Inc. can assist you, your estate-planning attorney and your tax advisor in creating a trust that addresses your estate planning needs and that receives the benefits of a FTB&T Advisor Directed Trust.
If you have an existing trust and want the benefits of an FTB&T Advisor Directed Trust, your financial advisor and FTB&T can assist your attorney in preparing the necessary amendments for appointing FTB&T as the successor trustee and your financial advisor as the trust's investment advisor.
2. Brandywine Financial Group, Inc. sends your trust document and accompanying paperwork to FTB&T.
3. Upon receipt, your documents are reviewed. A trust officer will contact BFG and your attorney regarding completion of the appointment of FTB&T as trustee and BFG as investment fiduciary to the Trust.
4. After the necessary appointment documents are signed by you, BFG and FTB&T, the trust account is opened and trust assets are transferred to FTB&T.
* Contact a tax professional for tax advice.
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