If you are planning a trust-based wealth management strategy, should your trust be revocable or irrevocable? The answer turns on your objectives for the trust. (more…)
Month: June 2015
May 2015
In our continuing effort to better serve our clients, we undertook the process of updating our website www.gstrustco.com with the help of our marketing company, The Marketing Department Worldwide, West Chester, PA. Our improved website is now live and we hope that you will find it more user friendly. (more…)
April 2015
A Good Time to Review For better or worse, most of us are finished with our income tax returns for at least another year. Before you file away all of your supporting tax papers, now would be a good time to review your assets and your estate planning documents to see that they do not…
March 2015
Congratulations, Siobhan! I am proud announce that Siobhan Connolly has been promoted to Vice President and Trust Officer. Siobhan’s area of responsibility is managing and administering to Garden State Trust Company client relationships. For those of you not familiar with the responsibilities of a trust officer, I would like to share this with you. Many…
February 2015
Don’t Take The High Road! I recently met with an older couple who were interested in how best to distribute their estate when they are both gone. During our conversation, I learned that they have one married daughter who, in their own words, has a pretty level head when it comes to…
Donor-advised funds
Dear Garden State Trust Company, Tell me about donor-advised funds. What are the advantages and disadvantages? —BUDDING PHILANTHROPIST DEAR BUDDING: A donor-advised fund provides a mechanism for you to dedicate significant resources to charity, securing an immediate tax deduction, while leaving to a future date the identification of the specific charity for your philanthropy. Funds…