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Open Architecture Trust Design:  The Emergence of "Multi-Participant" Trusts and Frameworks to Support Them

Modern investment strategies, evolving tax considerations and complex family and financial advisor dynamics have created demands that traditional trusts and trust companies are not well equipped to handle. In the face of these demands, many families, based on guidance from their expert advisors, are moving away from conventional trusts that rely on single or co-trustees to new “multi-participant” trusts.

Concord Trust Company is a specialized, non-depository trust company that specializes in these types of directed, “multi-participant” trusts that allow for the bifurcation of trustee duties. Supported by New Hampshire and South Dakota’s leading trust statutes, we complement the trusted advisors of our clients. We never compete with them.

What is a Directed Trust and how does it work?

 

Among the many features of NH and SD’s advantageous trust and trust banking laws, the states’ statutes specifically enable trusts commonly referred to as directed trusts. In these trusts, a directed trustee, such as CTC, serves as an “excluded fiduciary” providing access to the states’ advantageous laws by performing trust accounting, distributions and other back-office administrative functions from within the state.

ABOUT CONCORD TRUST COMPANY

Concord Trust Company (CTC) is a state-chartered and regulated non-depository trust company. We focus on helping wealthy families and their trusted advisors realize the many benefits of directed trusts and locating trusts in a favorable trust and tax law jurisdiction. We have offices in New Hampshire and South Dakota, two of the best jurisdictions in the country, and administer trusts there for families from throughout the U.S. and the world.

CONTACT US


Concord Trust Company


New Hampshire Office
3 Executive Park Drive, Suite 302
Bedford, NH 03110
tel. 603.219.0264
fax. 603.856.8179


South Dakota Office
211 Founders Park Drive, Suite D
Rapid City, South Dakota 57701
tel. 605.646.0300
fax. 605.496.7334

Copyright 2018 Concord Trust Company