“I sustain myself with the love of family.”

-Maya Angelou

Insights

‘Tis the Season (to Update Your Will)

During this holiday season, one of the best gifts you can give your loved ones is updating your will, trusts, and other beneficiary designations. You may also give yourself a gift: peace of mind. If you have not looked at your estate planning documents in a while, it is time for a review. If you…

Please Pass the Stories

At Your Holiday Table, Please Pass the Stories Some people love the holidays because it’s a reunion of family. Some love the endless stream of football games. Most people love the food, especially those dishes that are cherished family recipes that only come out on the holidays. At Pendleton Square Trust Company, our favorite part…

Is Your Financial Life Online?

The Tennessee legislature passed a law that became effective July 1, 2016, that you should know about. It pertains to your “digital assets” – usernames and passwords for your online accounts. The law gives you the power to give someone else the right to access your online accounts if you become disabled or die. Such access…

Tennessee a Top State for Self-Settled Asset Protection Trusts

With the passage of the Tennessee Investment Services Act in 2007, Tennessee was placed on the short-list of states permitting the creation of “self-settled” asset protection trusts (“APTs”). A self-settled APT is one where the grantor is also a beneficiary of the trust. While the Tennessee APT initially saw much interest from Tennessee residents seeking to…

Why an Independent Trustee May Be the Best of Both Worlds

Selecting the appropriate trustee for your family may be as important as creating the trust itself. As the trustmaker, you want to be assured that the trust will be administered with the care and attention with which it was created. You have several options to explore to determine the best trustee structure for your family. Your…

Family Legacy: A Summer Reading List

Planning for summer vacation often includes gathering the perfect set of books to read during the unwinding process. If your priorities include raising financially fit children and enriching your family legacy for generations to come, here is a list of recommended reading from Pendleton Square Trust and Family Office. These books offer exceptional insight and…

Making Choices Now About Our Later Years: Revocable Living Trusts

Some of us may be able to manage our affairs through our later years.  That is a wonderful thing – not ever needing assistance in getting bills paid, tax returns files, investments organized, and even just getting to appointments on time. It’s a blessing not to be a burden on spouses, family and close friends…

What Does a Trustee Do?

While the chief goal of a trustee is to execute the grantor’s wishes, this must be done with a great deal of thoughtful navigation around the family members’ relationships and expectations. In conjunction with this navigation, effective trust management depends on a trustee’s skills in four primary areas: Education A good trustee is a good…

Seven Reasons to Use an Independent Corporate Trustee

7 REASONS TO USE AN INDEPENDENT CORPORATE TRUSTEE 1. EXPERIENCE. You’ll gain the advantage of years of experience. Because they administer trusts on a daily basis, they are familiar with all kinds of trusts, tax and estate planning strategies, and the legal responsibilities of a trustee. They can administer the assets in your trust now…