by John Darer CLU ChFC MSSC RSP CLTC
First Capital Surety & Trust Company, which is a long serving trustee for a large number of settlement trusts, has announced a name change to Capital First Trust Company effective July 28, 2016. Although not specified in the Capital First announcement, the name change is clearly a smart branding move, descriptive of the nature of settlement trusts and the need of many personal injury settlement recipients to preserve capital.
CAPITAL FIRST=PRESERVE CAPITAL
Capital First Trust Company (“Capital First”) is an independent state-chartered trust company with its charter situs in South Dakota. Capital First’s business is to serve as trustee and trust administrator for Settlement Trusts and Wealth Management Trusts, i.e. financial and estate planning trusts. Pursuant to South Dakota statute, Capital First may administer trusts in all fifty states and is trustee for more than 1,100 trusts. trusts can be invested in common trust funds or, in the case of directed trusts, rust’s assets are invested and managed by an entity other than Capital First, such as an RIA, broker dealer, financial planner or other investment service provider.
Capital First has very competitive fees and lower minimums than competing trust companies for:
- Special Needs trust
- Supplemental Needs Trust
- Medicare Set Aside
- Settlement Preservation Trust
- Life Insurance trusts (ILIT)
Capital First Trust Company 230 West Florida , Suite 400 Milwaukee, WI 53204