Some studies show that illiquid assets make up approximately 55% of the portfolios of high-net-worth individuals. These assets could represent an initial source of a family’s wealth or an important part of the family’s history. When these assets are placed in trust to...
One of the most common Special Assets held in trust is the beneficiary-occupied home. Cumberland Trust’s Special Assets Administration team, along with trust administrators, work with clients to ensure that these homes are properly managed, maintained, and...
One approach to creating a well-developed estate plan is to utilize a trust to protect assets and ensure they are preserved for future generations. Timberland and farmland are assets individuals commonly choose to place in trust due to the significant role these real...
Many high net-worth individuals accumulate their significant wealth through family businesses, real estate, natural resources, or other industries. In some cases, their trust assets consist of these non-conforming or illiquid holdings. Notably, trusts prove to be an...
Oil, gas, and mineral interests are an ever-relevant asset class. Due to technological advances like horizontal drilling and fracking, vast deposits of oil and gas across the country are now producing in commercial quantities. Whether it is decades-old coal production...
As Baby Boomers (people born in the United States between 1946 and 1964) approach their retirement, they must consider how best to transfer their wealth to the next generation. There are nearly 12 million Baby Boomers who own a business, and 70 percent of them will...
