FREDDRICK ANTONIO SMITH TRUST
Trusted Legal Expertise at Your Service
Safeguarding Your Rights, Securing Your Future
We provide tailored, outcome-focused legal solutions to help you navigate even the most challenging legal situations. Whether you need assistance with personal injury claims, family law issues, or business legal matters, our committed team is here to offer expert advice and dedicated representation.
ABOUT OUR TRUST
Safeguarding Your Legacy, Securing Your Independence
We focus on protecting the wealth you’ve built while empowering you to maintain full control over your financial future. Our services are designed to uphold your legacy, ensuring it thrives for future generations, while giving you the freedom and autonomy to manage your assets with confidence and peace of mind.
Our Mission
At Freddrick Smith, our mission is to safeguard and grow wealth for future generations while maintaining independence and financial empowerment. We take a personalized approach to estate planning, ensuring that each strategy aligns with our clients' unique values and long-term objectives. Our commitment is to provide tailored solutions that honor your vision and preserve your legacy.
The FIDUCIARY
Roles & Responsibilities
As the Estate Guardian of Freddrick Smith, I am committed to upholding the highest standards of fiduciary care, asset management, and strategic oversight. My responsibilities go beyond managing finances; they include creating a stable and prosperous path for all beneficiaries. Through diligent planning and precise decision-making, I work to protect and grow the estate’s wealth while aligning with the trust's values and long-term vision, ensuring financial security for generations to come.
1.The Duty of Loyalty
At its core, requires any fiduciary to act in the best interest of the beneficiaries. A trustee should never act in their own self-interest (known as “self-dealing”) or in the interests of parties other than the beneficiaries.
2.The Duty of Impartiality
Requires a trustee to balance the interests of all beneficiaries (lifetime and remainder) while abiding by the terms of the trust and to treat beneficiaries without bias. The trustee must further the grantor’s intention, not the trustee’s personal biases.
3.The Duty of Care
is also referred to as the duty of prudence. Essentially, this duty requires all trustees to act reasonably, as any prudent person would, when managing a trust. When a trustee is notably skilled in certain areas of trust administration, they will be held to a higher standard of care or prudence when it relates to those areas. When a trustee is not skilled in certain areas, it is often recommended that a trustee delegates those duties to an experienced professional.
4.The Duty to Inform and Report
varies by state law. New York law requires the trustee to provide trust information to beneficiaries when requested to do so by the beneficiary.
5.Understand the terms of the trust document and ensure safety of assets:
This responsibility would include understanding the intensions of the trust creator, collecting trust assets and properly transferring them into the name of the trust, properly insuring the trust assets, and understanding the discretions granted to the trustee (such as discretion regarding investment or distribution decisions).
6.Invest Assets when Necessary
This would include developing and documenting investment objectives for the management of trust assets, including identifying goals, performance objectives, targeted assets allocation, types of investments permitted and roles and responsibilities of any appointed parties.
7. Administer the Trust
The trustee will be responsible to become familiar with each beneficiary’s needs and circumstances so that the trustee can act in the best interest of the trust beneficiaries while balancing the needs of the trust and the needs of the other beneficiaries, current and future.
8. Make ongoing Decisions
It will be important for the trustee to conduct a periodic review of all trust assets to determine whether they are being managed according to the terms of the trust and investment objectives. It will be necessary to hold periodic meetings of the trustees if there are co-trustees. The trustee should also regularly communicate with the beneficiaries and provide pertinent information.
8. Keep Track of Records and Prepare Tax related Forms/Filings
The trustee is responsible for filing periodic and final accountings as required by state law, filing timely and accurate fiduciary income tax returns for the trust, paying any applicable tax due, and providing regular statements and tax information to the beneficiaries and others as required. The trustee should also be up to date on other reporting obligations that may be required such as the Corporate Transparency Act.
WHY CHOOSE US?
At Freddrick Smith, our focus is on securing your financial future while staying true to your values and objectives. We are committed to protecting your wealth, fostering financial independence, and ensuring your legacy thrives. Through a personalized approach rooted in trust and integrity, we provide the expertise and thoughtful care needed to safeguard your interests today and for generations to follow.
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Financial Freedom Focus
We prioritize financial independence by developing tailored strategies grounded in private wealth management. Our trust framework gives you complete control over your assets, ensuring their growth while preserving the autonomy that traditional financial systems often lack. This approach empowers you to shape your financial future with confidence and flexibility.
Tradition-Rooted, Visionary
We emphasize financial independence by crafting personalized strategies based on private wealth management principles. Our trust structure gives you full control over your assets, allowing them to grow while maintaining the autonomy often lacking in traditional financial systems.
Clear and Consistent Care
We prioritize integrity and openness in everything we do. By offering transparent and detailed reporting, along with ongoing communication, we ensure that both you and your beneficiaries remain informed and supported. Our approach builds trust, giving you confidence in the management of your assets.
Tailored Advice
We prioritize your financial freedom by developing custom strategies grounded in private wealth management. Our trust framework gives you the power to oversee and expand your assets, ensuring growth while retaining the autonomy that traditional financial systems often overlook.
Contact
1901 W. Evans St.Unit # 5269
Florence, South Carolina 29501
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Mon-Fri 9am-5pm
1-843-942-9191