Our Services

We assist the private family trust company in the creation of various types of trusts, each with a blend of asset protection, tax efficiency, and privacy. Having these trusts under your private family trust company eliminates the need to work with an outside trust firm, allowing the most aligned means of securing the family goals.

Dynasty Trusts

NFGTs

Trust Decanting

Revocable living trusts

Irrevocable grantor trusts

Charitable trusts

Asset protection trusts

Community property trusts

Grantor-retained annuity trusts (GRATs)

Generation-skipping and dynasty trusts

Qualified domestic trusts (QDOTs)

Trust administration is our wheelhouse.  Our core belief is that trust administration honors and abides by the wishes of the grantor.  Our specialized team of experts are highly experienced in trust law, tax, asset administration, wealth protection strategies and the nuances of family dynamics.

Lenox provides for the creation and continuing operational, managerial, and administrative services to the PFTC, including:

Serving as a Director of the family trust company as a Nevada resident

Manages the trust in accordance with fiduciary principles, applicable law, and the governing trust document

Facilitates both mandatory and discretionary distributions, and manages third-party expense payments as directed by the trust

Staffing a physical office in Nevada for trustee meetings and other trust and family business

Maintaining banking relationships in Nevada

Maintain bank accounts, brokerage accounts and other custody accounts which receive Trust income and contributions

Staffing a physical office in Nevada for trustee meetings and other trust and family business

Maintaining banking relationships in Nevada

Maintain bank accounts, brokerage accounts and other custody accounts which receive Trust income and contributions

Maintaining trust accounting, records, and reporting

Maintains accurate trust records and consolidated reports for the grantor, (Co-) trustees, and beneficiaries

Managing income, contributions, and expenditures and distributions

Manage all trust account transactions.

Preparation of tax-related documents

Tax Return Preparation and filing, or reporting, to ensure compliance with the trust entity document.

Oversight of all trust assets

Manages or holds special assets, such as, real estate, closely-held stocks, yachts, antiquities, and intangible trust property (IP, Crypto, Patents etc.).

Guides and educates beneficiaries in the details and nuances of the trust

Other services may include:

Partnering with your attorneys, CPA and investment advisors to plan for the present day and long-term future.

Retaining accountants, attorneys, investment counsel, and other advisors, as needed to support the family’s advisory team.

Communicating with and responding to the grantor, any co-trustees, beneficiaries, and third parties

Monitoring and reporting on investment accounts

Services will not include:

Managing or advising on investment related matters, we are not an RIA

In house legal counsel, we are not a law firm

With increasing international reporting requirements, as well as rising complexities and political instability international individuals and families are establishing trusts in Nevada with increasing frequency.  Lenox has the expertise and depth of knowledge to assist international clients with tailored solutions.

One of the most sought-after trust solutions for non-U.S. families is a Nevada Foreign Grantor Trust. NFGTs enable international families to benefit from United States legal protections while limited tax exposures and optimizing legacy planning.

If you are a foreign national and have a foreign trust, but have assets or beneficiaries in the US you should consult with Lenox.