PROTECTING ASSETS FOR MULTIPLE GENERATIONS
Accounting for trust assets and liabilities
Managing Distributions to beneficiaries
Carrying out the investment decisions as directed by those appointed in a trust agreement or in an agreement of engagement
Maintaining South Dakota Checking Accounts to pay trust expenses
Overseeing the repayment of debt where a trust is funded with assets from an installment sale or managing other aspects of a sophisticated estate plan.
Overseeing the preparation and filing of tax returns
North Point was founded in 1999 at the request of clients who wanted a South Dakota trustee that is sophisticated in estate and trust planning and administration and is also independent from banks and investment firms.
Today, North Point is owned and operated by accountants and other professionals. The officers and employees of North Point are trained in Cannon Financial Institute courses and other relevant programs. They also have extensive experience in the creation and management of sophisticated "legacy" or "dynasty" trusts.
The philosophy of North Point is that it has a fundamental fiduciary duty to effectively and regularly communicate with the parties associated with the trust according to the trust agreement. This includes the person who created the trust, the key advisors of these individuals, etc.
North Point has become trustee for numerous trusts where the prior trustee was unable to understand and manage the various elements of a sophisticated trust and estate plan.
Sylvan Lake, SD
ADVANTAGES OF NORTH POINT
North Point Trust is a favorable trust company for many reasons; some of which include:
The expertise, experience and character of its people.
Its fees are based not on a percent of trust assets but rather on its activities as trustee.
Its independence from any investment firm or bank.
North Point's strong preference that the trust's creator, his or her family, or the creator's investment advisor makes the trust's investment decisions.
ADVANTAGES OF A SOUTH DAKOTA TRUST
South Dakota is preferred jurisdiction for trusts for many reasons, some of which include:
South Dakota has no limit on the life of its trusts.
There is no South Dakota state income tax for the trusts or the individuals who are the trusts' beneficiaries.
South Dakota laws offer its trusts the strongest creditor protection among states in the U.S.