Chip addresses some of the frequently asked questions about Directed Trust Administration, Modern Trust Law, and how Concord Trust Company can help.
Wall Street Journal, Liz Moyer
It is getting easier to tinker with irrevocable trusts, thanks to a process known as "trust decanting." Such trusts used to be difficult and costly to alter even if the trustee thought a change could be in the beneficiary's best interest. But decanting lets trustees change certain terms by figuratively pouring the assets from an old trust into a new one.
Massachusetts Lawyers Weekly, Amy Kanyuk
Read more about how trust situs has emerged as a critical issue for high-net-worth families and their trusts. Whether seeking privacy, securing protection from creditors or a dissident spouse, updating existing trust provisions or looking to minimize taxes, Bay State families need look no further than their close neighbor to the north.
Bloomberg, Elizabeth Ody
Read more about how asset-protection trusts are the way many insulate their wealth from lawsuit claims.
Law 360 , Brian Amaral
The Massachusetts Supreme Judicial Court recently turned aside Bank of America’s efforts to cut its living trust's state tax liabilities by millions of dollars, finding that the bank was indeed an “inhabitant” of the commonwealth. This ruling highlights the importance of the place of trust administration when it comes to assessing state income and capital gains tax on trusts.
July 14, 2021
Thomas has been nominated in the "Young Practitioner of the Year" category at the 16 annual STEP Private Client Awards. IQ-EQ Group has also been shortlisted in the Trust Company of the Year (large firm) category.
May 18, 2021
IQ-EQ, an Astorg portfolio company, is pleased to confirm that it has received regulatory approval to formally acquire Concord Trust Company, making Concord officially part of IQ-EQ Group. News of this transaction was first publicised in April 2021.
April 7, 2021
IQ-EQ, an Astorg portfolio company, is pleased to announce that it has signed terms to acquire Concord Trust Company, a leading independent U.S. based trust company, headquartered in South Dakota and with offices in South Dakota and New Hampshire. This transaction remains subject to state regulatory approval from the South Dakota Division of Banking.
October 1, 2017