August 15, 2023
Did California Ban NING Trusts?

What happened? On July 10, 2023, California Governor Gavin Newsom closed an income tax strategy known as the Nevada incomplete gift non-grantor trust (NING). The law is retroactive to January 1, 2023, and California will now tax any income earned in a NING as if it were a grantor trust, subject to California state income […]

Read More
January 26, 2023
What is an Effective Directed Trust?

An effective directed trust is a trust that looks like a traditional trust where the corporate trustee has full powers on paper but operates much like a directed trust. WHAT IS THE DIFFERENCE? The difference is in the structure of the assets. In an effective directed trust, the trust owns an LLC membership interest where […]

Read More
June 30, 2022
Directed Trusts & Their Benefits

To really understand the benefits of directed trusts, you must first understand the differences between a traditional "delegated" trust and a more modern "directed" trust. In a traditional trust arrangement, a corporate trustee is responsible for making decisions on investments, distributions, and for the administration of trust assets. All three functions are typically handled in-house. […]

Read More
August 3, 2021
3 Options in Working with a Directed Trustee

Are you working with a directed trustee and have been given investment discretion within a trust document? This guide breaks down the three simple options of how the lines of communication work between you, ICON, and a financial advisor. Option A - You are the coach. You call the shots (80% of the time) Step […]

Read More
July 20, 2021
3 Ways Financial Advisors Can Offer Trust Services

1. Referral to an Advisor-Friendly Trust Company The easiest way to provide trust services is to partner with an independent advisor-friendly corporate trustee in a tax-favorable jurisdiction that focuses exclusively on the administration of trusts. IconTrust, LLC (ICON) can fill that role. ICON is a Nevada Chartered advisor-friendly trust company. Advisor-Friendly means the trust company […]

Read More
March 5, 2021
5 Quick Tips About a Nevada Asset Protection Trust

A Nevada Asset Protection Trust is a trust you create for your own benefit to protect your assets from potential creditors during your lifetime. Here are five quick tips about Asset Protection Trusts 1. Consider it a Rainy-Day Fund The assets transferred to the trust should be considered a rainy-day fund and should not be […]

Read More
February 24, 2021
America's Most Advisor Friendly Trust Companies 2021

The Winners List The America’s Most Advisor Friendly Trust Companies guide was released this week by The Wealth Advisor, a leading voice in the financial services industry. This guide details 21 of the best non-custodial, non-management trust companies in the industry. IconTrust is the newest company on the list. To view our profile or download […]

Read More
December 17, 2020
Trust Settlement Checklist for Successor Trustees

A trust settlement checklist is a must-have if you have been named as successor trustee on a trust. After the death of an individual, their estate plan needs to be administered. This process is called post-mortem administration and is a series of tasks performed by a fiduciary named in the estate planning documents. The fiduciary […]

Read More
November 14, 2020
What is a Corporate Trustee?

What is a Corporate Trustee? A corporate trustee is a bank or independent trust company that is licensed to act as trustee of a trust. What is a Trustee? A trustee is an individual or company who holds the legal title of trust assets for the benefit of the beneficiaries of a trust. A trustee […]

Read More
November 13, 2020
Key Benefits of Nevada Law for Estate Planning

The following key benefits of Nevada law have made Nevada the top trust jurisdiction in the United States. You do not have to live in Nevada to take advantage of Nevada's favorable trust and tax laws. 1. No State Income Tax - Nevada does not tax individuals or trusts at the state level. 2.Nevada Trusts […]

Read More
icon trust medallion
icon trust blue logo
Subscribe for company updates and educational materials.

    linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram