Wealth Advisors Trust Company Blog

    February 26, 2021

    Types of Charitable Trusts

    UTC§ 405 (a) (2000) – “A charitable trust may be created for the relief of poverty, the advancement of education or religion, the promotion of health, governmental or municipal purposes, or other purposes the achievement of which is beneficial to the community.”

    January 11, 2021

    What is a Fiduciary?

    When individuals hear the word trustee, they often associate the word fiduciary along with it. However, most individuals do not understand what acting in a fiduciary capacity me...

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    November 23, 2020

    Private Trusts and Directed Trusts - South Dakota's hidden treasures

    Most individuals want to maintain control even though they have placed assets in a trust. They are called a Private Trust. Making a trust private is one way to keep control; a d...

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    Antoine Burrell

    Recent Posts

    November 13, 2020

    The Power of the Marital Deduction

    When a large amount of wealth is being transferred, it is essential to understand what taxes can occur. This blog will cover the importance of understanding the federal estate tax, the power of theFalse

    October 20, 2020

    Are Irrevocable Life Insurance Trusts taxable? [Guide]

    Are Irrevocable Life Insurance Trusts taxable - when and why? With a new presidential debate on the horizon, wealthy individuals are looking at every option available to shelter their assets.

    September 21, 2020

    Purpose of an Irrevocable Life Insurance Trusts – Where, When,and How

    The purpose of the Irrevocable Life Insurance Trust Creating an estate plan can be as easy as 1-2-3 or as complex as the science to send a man to the moon. 

    August 17, 2020

    Changing a Life Insurance Trust

    What is a Life insurance trust?

    A Life insurance trust holds a life insurance policy. 

    At the death of the creator, it will pay out a death benefit. In order to receive the death benefit, the ownerFalse

    May 18, 2020

    What is a trust?

    What is a trust? A trust is a legal entity to which an individual titles property and assets for the benefit of another. Every trust contains a grantor, family trustee, and beneficiary. There areFalse