{"id":8305,"date":"2023-06-13T15:57:04","date_gmt":"2023-06-13T22:57:04","guid":{"rendered":"https:\/\/familyenterpriseusa.com\/?p=8305"},"modified":"2023-06-13T15:58:04","modified_gmt":"2023-06-13T22:58:04","slug":"selecting-modern-trust-structures-based-on-a-familys-assets","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/family-businesses\/selecting-modern-trust-structures-based-on-a-familys-assets\/","title":{"rendered":"Selecting Modern Trust Structures Based on a Family\u2019s Assets"},"content":{"rendered":"

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By Al W. King III & Pierce H. McDowell III<\/em><\/a><\/p>\n

A round-up of the available options<\/h2>\n

 <\/p>\n

Trusts have grown enormously in popularity since the mid-1990s as a result of the development of modern trust laws, the dramatic increase in wealth and evolving family needs and goals. Modern trust laws<\/a> promote many key desires of a client\u2019s estate planning, such as flexibility, control, tax savings, asset protection, family values, governance, succession, education and privacy. However, when designing and structuring a client\u2019s estate plan, these key desires may not be properly coordinated with the selection of trustees, the type of trust and the type of trust administration. The assets funding the trust are another key factor that often gets overlooked.<\/h3>\n

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Assets funding trusts<\/a> can be quite diverse, particularly as an individual\u2019s net worth increases. Generally, the current composition of global wealth transfers is:<\/p>\n