Benefits of working with Alta Trust…
Alta takes an entrepreneurial approach, collaborating with your team to craft and administer the most effective customized trust solution that stewards the trust’s intent, longevity, and supports your client relationship for years to come. We can even provide a white label solution!
TRUE PARTNERSHIP
Working alongside advisers, attorneys, their clients, and families, Alta believes that collaboration is essential to designing a trust that best serves current and future beneficiaries. We are here to support your client relationship, not replace.
CAREFUL OVERSIGHT
As experts in fiduciary matters, rules and regulations, administration, and trust operations, Alta has the resources and expertise to ensure all trust assets are managed responsibly and effectively throughout the trust’s lifetime.
LEGACY FULFILLMENT
As a family-owned company, our true north as trustee is to help individuals and family members achieve their goals through the administration and delivery of the trust’s intent, ensuring a legacy to be proud of.
Why South Dakota?
- #1 Ranked Trust Jurisdiction
- Wealth Hub of the U.S.: South Dakota holds $3.4 trillion in assets, over twice New York’s, due to business-friendly laws.
- No State Income Tax: Trusts grow tax-free, appealing to wealthy individuals seeking savings.
- Perpetual Trusts: Trusts can last indefinitely, avoiding probate and reducing taxes.
- Strong Asset Protection: Laws shield trust assets from creditors and allow grantors as beneficiaries.
- Privacy and Confidentiality: Trusts remain private, with no public filing or beneficiary disclosure required.
- Directed Trusts: Grantors retain investment control while trustees handle administration.
- Customizable and Flexible Trust Laws: Progressive laws allow highly tailored trusts.
- Trust-Friendly Court System: Courts efficiently handle and resolve trust-related issues.
We work with…
Financial Professionals
We work closely with our adviser partners to provide unmatched trust options along with no state income tax and exceptional trust protection. As former financial advisors ourselves, we respect the investment adviser-client relationship so that advisers continue managing the assets throughout the lifetime of the trust.
Attorneys
As trustee, Alta takes on all the legwork, providing a plug-and- play option for an estate planning team. We take our fiduciary duties seriously, ensuring all parties (advisers, accountants, attorneys, family members, etc.) are working in the best interest of the trust.
Individuals & Families
Since 2007, Alta has worked with individuals and families to ensure the intent of every trust we administer is carried out. As a fiduciary partner, we are here to give you peace-of-mind that your legacy will be honored.
What we do…
How does Alta Trust compare?
Family members often lack the expertise to manage a trust, making it a risky choice. Their close ties to the family can hinder impartial decision-making and limit the level of service. While a family member acting as a trustee may be inexpensive, the drawbacks typically outweigh the benefits.
Alta Trust delivers a high level of experience, impartiality and service while keeping the risks low. Our fees aren’t as low as using a family member, but we deliver peace of mind for the whole family.
Professional trustees can manage trusts without regulatory oversight, leaving them with unfettered access to funds and few protections. Many work alone and lack a succession plan, leading to potential service gaps and impartiality issues. Their fees are usually similar to or slightly lower than Alta Trust’s, but their individualistic approach can fall short.
Alta Trust offers strong oversight to ensure trusts are managed according to the wishes. With a team of experts and a solid succession plan, we guarantee reliable service for decades. While our fees may be slightly higher, the exceptional service and experience we provide make it well worth the added cost.
Local or regional banks often have trustee experience, but their small trust teams often have high turnover and can limit their ability to deliver a high level of service. While they are low risk, they may fall short in impartiality and personal attention. Be careful if you are an advisor because they may take your job!
Alta Trust never competes with advisers and provides more experience and superior service, often at the same cost.
Large banks offer low risk and high experience, but their costs are higher, and service is often less personal or customizable. They frequently have high turnover inside their teams as well. Be careful if you are an advisor because they may take your job!
Alta Trust matches large banks in experience and service but at a lower cost, with the added benefit of personalized attention and customization. Plus, Alta Trust never competes with advisers.
We know finding the right trustee is imperative.
Don’t hesitate to reach out with questions! Our team is happy to have a conversation to hear your unique needs and goals.
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