Fiduciary Trust Company Releases White Paper Highlighting the Tradeoffs Between Adaptability and Control in Creating Long-Term Trusts

Stacy K. Mullaney, Thanda Fields Brassard and Robert G. Holdway map out the latest trends in trust creation and outline the potential benefits of “decanting” strategies that allow for amendments to irrevocable trusts.

BOSTON--()--Fiduciary Trust Company, a wealth advisor and investment management firm for high-net-worth individuals, families and charitable organizations, recently published a white paper that focuses on strategies in both creating and modifying long-term trusts.

“Adaptable Trusts: Changing the Game Plan at Halftime”

The white paper, “Adaptable Trusts: Changing the Game Plan at Halftime,” outlines the recent trends that favor the creation of longer-term or even perpetual trusts. It details the alternatives available to clients to instill a level of flexibility that can accommodate changes in circumstances. The paper also highlights how clients can use “decanting” strategies to restructure irrevocable trusts, and outlines the various considerations in doing so for high-net-worth families.

“An effective trust merges practical governance with often deeply personal considerations, and it can be very difficult to modify trusts as circumstances change,” said Stacy K. Mullaney, Vice President and Chief Fiduciary Officer of Fiduciary Trust. “Individuals in the planning stages should understand the tradeoffs as they explore all of the different mechanisms and vehicles available to them.”

“Long-term trusts are a critical, and often the cornerstone piece, in estate planning,” added Austin V. Shapard, President and CEO of Fiduciary Trust Company. “A carefully thought out plan will facilitate not only tax-efficient wealth transfer strategies, but will also support sound investment management across generations. Our advisors are skilled in managing all aspects of trust creation, including financial, legal and tax considerations.”

The white paper, which was published in January, is available to download at the Fiduciary Trust Company website, and can be found here.

About Fiduciary Trust Company

Fiduciary Trust specializes in investment management, estate and financial planning, and trust services for high-net-worth families and charitable organizations. The firm supervises more than $11 billion of assets for clients located throughout the U.S. and abroad. As an independent company with a 130-year history, Fiduciary Trust provides investors with stability and sophisticated investment advice uncompromised by the demands of Wall Street or a parent company. The company’s steadfast approach results in client relationships that last for decades and financial security that lasts for generations. For additional information, please visit www.Fiduciary-Trust.com, or contact Randy Kinard at 617-574-3432.

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